Archived News

22/12/2012 (Reuters) - Malaysian palm oil futures touched a more-than-three-week high on Friday, posting their first weekly gain in five weeks as traders sought to cover short positions amid optimism for a zero export tax on crude palm oil in early 2013 to cut stocks.

22/12/2012 (Reuters) - Indian soyoil futures rose 1 percent on Friday, tracking firm overseas markets and due to a weak rupee and an improvement in demand in the winter season.

22/12/2012 (India Times) - Crude palm oil rebounded by Rs 5 to Rs 413 per 10 kg in futures trading today on emergence of buying by traders at existing lower levels, driven by a rise in demand in the spot market.

22/12/2012 (Business Recorder) - Thailand plans to intervene in the palm market by buying 50,000 tonnes of crude palm oil to be kept in stocks, in a bid to support farmers after they staged protests over falling prices, senior government officials said on Friday.

22/12/2012 (The Hindu Business Line) - Palmolein rose by Rs 5 for 10 kg on Friday as Malaysian palm oil futures rebounded and the rupee fell to 55.06/07 against dollar

22/12/2012 (The Star) - The local plantation sector is set to face a trying time in the year ahead, it would seem.

21/12/2012 (Reuters) - Malaysian palm oil futures edged lower on Thursday as technical selling hurt prices, although losses were curbed by investor optimism that zero export tax early next year will boost shipments of the crude grade and cut stocks.

20/12/2012 (Bangkok Post) - About 3,000 palm oil growers from eight southern provinces agreed to end their rally in Chumphon’s Tha Sae district early on Thursday, and lift road blocks, after the government promised to buy palm oil nuts at acceptable prices.

21/12/2012 (Bernama) - Deputy Prime Minister Tan Sri Muhyiddin Yassin reminded Felda settlers not to be easily influenced by instigation and provocations by quarters with intention to create problems and cause a rift among them.

21/12/2012 (Bernama) - Malaysia and India have revised upwards the bilateral trade target to US$20 billion by 2015 from US$15 billion previously, with the robust movement of goods between the two nations, Prime Minister Datuk Seri Najib Tun Razak said today.

18/12/2012 (Bangkok Post) - Palm oil prices have fallen to less than three baht a kilogramme, not enough to cover production costs, farmers say.

21/12/2012 (The Nation) - The government is budgeting up to Bt1.9 billion to shore up the oil-palm price by buying about 100,000 tonnes of kernels at Bt4-Bt4.5 per kilogram, depending on oil content.