Archived News

07/12/2012 (Live Trading News) - Wheat futures were choppy Thursday and enjoyed late Short-covering on help from Soybean futures. Wheat futures at all 3 exchanges favored a firmer tone by the close. Strength in the USD index and a disappointing weekly export sales tally limited buying to Short-covering throughout the day.

07/12/2012 (Bernama) - ICM Specialty Chemicals Sdn Bhd's new oleochemical specialty ester plant, to be built in Pulau Indah, Klang, will generate a cumulative gross national income (GNI) of more than RM400 million by 2020.

07/12/2012 (Bernama) - Bursa Malaysia ended on mixed note today in cautious trading in tandem with its regional peers, dealers said.

06/12/2012 (Reuters) - Malaysian palm oil futures slipped 0.3 percent on Wednesday as expectations of record stocks in November weighed on sentiment, although traders are looking at higher exports and slowing output this month.

06/12/2012 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s biggest producer after Indonesia, probably held near a record last month as production exceeded exports, according to a Bloomberg survey.

06/12/2012 (EurActiv) - The decision by the European Commission to approve a certification scheme for palm oil has been condemned by environmental groups, which say the biofuel is driving deforestation in Indonesia and other countries, and should be banned in the European Union.

06/12/2012 (Bernama) - Palsgaard A/S, a global market leader for chocolate and extruded whipping cake emulsifiers, is expected to further grow its business in the Asia Pacific region with the opening of its new production factory in Nusajaya, Johor, Malaysia by mid-2013.

06/12/2012 (Press Trust of India) - Crude palm oil traded marginally higher by Rs 2.30 to Rs 418.20 per 10 kg in futures market today on pick up in spot markets demand amid firm Asian trend.

06/12/2012 (Avaaz Daily Briefing) - Palm oil, one of the most ecologically destructive products on the planet, has just been labelled sustainable by the European Union. The decision, handed down by the European Commission, was decried by environmental groups who have linked palm oil production and massive deforestation in Indonesia and Malaysia.

05/12/2012 (The Star) - Expectations of record high local palm oil stocks in November and December will likely drag the average crude palm oil (CPO) this year to below RM3,000 per tonne mark versus last year's average of RM3,219 per tonne, according to industry observers and analysts.

05/12/2012 (Reuters) - Malaysian palm oil futures fell to its lowest in more than three weeks on Tuesday as investors fret over the prospects of another month of record stocks in the world's No.2 producer.

05/12/2012 (CosmeticsDesign-Europe.com) - The desire for personal care products in Ghana and Nigeria is driving palm oil production in Africa and has even led to palm oil being imported as the local markets fail to keep up with the demand.