Archived News

27/12/2012 (New Straits Times) - Malaysia’s palm oil exporters will be trading at their own risk when selling cooking oil to China as the world’s most populous nation seeks to enforce rules, which were introduced in 2009.

27/12/2012 (New Straits Times) - The Malaysian Palm Oil Board (MPOB) assures that 95 per cent of palm cooking oil shipments into China have met the quality control specifications introduced there since 2009.

27/12/2012 (Bloomberg) - Palm oil retreated from the highest level in a month as data showing gains in exports from Malaysia were countered by concerns shipments to China, the world’s biggest cooking oil buyer, may decrease.

27/12/2012 (Livemint) - A steep and sustained fall in crude palm oil prices is good news for Indian companies that use palm-based derivatives to make soap. In the past few years, soap makers had been hit by a combination of rising prices of crude palm oil and chemicals as well as plastic packaging material. Left with little choice, they hiked prices and that has resulted in volume growth moderating, while sales growth and margins have improved chiefly due to the price increases.

27/12/2012 (Hindu Business Line) - Palmolein continued its uptrend rising by Rs 4 for 10 kg in the edible oils market, tracking firm Malaysian cues on Wednesday. Malaysian palm oil futures settled at one-month-high with investors turning their focus to seasonal rain that could trigger floods and curb supply.

27/12/2012 (Bloomberg) - Palm oil rallied to a five-week high on speculation that a seasonal decline in output combined with rising shipments will deplete record reserves from this month.

26/12/2012 (The Nation) - The Cabinet yesterday approved a Bt1.3-billion bail-out for palm-oil farmers and also agreed to import soybeans and animal feed under an Asean trade protocol.

26/12/2012 (Times of Zambia) - The Government has completed Isubilo Palm Oil Irrigation project in Luapula Province at the cost of K2 billion aimed at supporting 150 smallholder farmers.

26/12/2012 (Live Trading News) - Corn, Wheat, Soy and Palm Oil Prices

26/12/2012 (Hindu Business Line) - RBD palmolein extended its gains further in the domestic market on Tuesday, marching towards Rs 500-level, tracking a sharp rebound in Malaysian markets. Mumbai edible oils market was officially closed for Christmas holiday but the private trade market witnessed a sharp jump in volume. Local refineries increased their rates for edible oils in line with bullish trends overseas.

26/12/2012 (Reuters) - China, the biggest importer of Malaysian palm oil, will fully enforce its regulations on edible oil imports on January 1, next year, a move viewed cautiously by exporters in Malaysia who fear it could spell trouble for the sector.

26/12/2012 (Business Times) - Malaysia's oleochemicals producers have suffered unfair competition when Indonesia restructured its palm oil taxes to woo downstream investments to its shores. But as Malaysia is set to change its tax structure from January 2013, local producers now see brighter days ahead, writes OOI TEE CHING.