Archived News

26/09/2012 (Reuters) - Malaysian palm oil futures recovered on Tuesday after hitting a two-year low the day before, lifted by bargain hunting and a strong outlook for demand, going by positive export data.

26/09/2012 (The Star) - Fima Corp Bhd is looking to purchase more oil palm plantation land in Indonesia to expand its current land of about 19,000ha

26/09/2012 (Hindu Business Line) - The oil palm growers from the coastal Andhra region are up in arms against the government’s alleged skewed priorities in favour of the Telangana region in establishing processing plants. The reported decision by the governing board of the Andhra Pradesh Oil Federation (AP Oilfed) recently to establish a major processing plant with.

26/09/2012 (Business Recorder) - China, the world's second largest edible oil buyer, will not seek more nearby shipments for palm oil despite sharp price declines recently as port stocks of edible oils remained high, traders said.

26/09/2012 (Blue and Green Tomorrow) - The WWF has launched a comprehensive guide that seeks to aid responsible investment in 10 major commodities sectors.

26/09/2012 (Jakarta Post) - President Susilo Bambang Yudhoyono opened the first-ever Indonesia Investment Day in New York, the US, on Monday local time (Tuesday in Jakarta), which was attended by dozens of top American businesspeople.

26/09/2012 (Business Times) - RHB Research initiated coverage of Felda Global Ventures Holdings Bhd with a "market perform" rating and target price of RM5, a small premium to the stock’s last closing price of RM4.88.

26/09/2012 (The Sun Daily) - The government is not expected to significantly increase taxes, including sin taxes, in Budget 2013 ahead of the 13th general election (GE), Kenanga Research said.

25/09/2012 (Reuters) - Malaysian palm oil futures tumbled on Monday to their lowest in two years, hurt by rising inventories and steep losses in U.S. soybeans on expectations of higher output.

25/09/2012 (The Star) - At the GlobalOil conference in India over the weekend, famed palm oil forecaster Dorab Mistry reiterated his warning in July that crude palm oil (CPO) price was indeed heading south with a 50% chance that Malaysia's CPO futures would drop to RM2,300 per tonne in the final quarter.

25/09/2012 (Reuters) - A huge palm oil project in Cameroon’s rainforest, led by a U.S.-based agribusiness, Herakles Farms, is stirring up controversy. Environmentalists warn it will destroy precious forest and displace local people from their land, while others, including some village chiefs, say it will boost development.

25/09/2012 (Hindu Business Line) - Trading in edible oils market came to almost a halt on Monday on sudden and heavy drop in futures markets which dragged physical market’s sentiment heavily. Even after cutting more than Rs 10-30 for 10 kg, there were no buyers. Malaysian palm oil futures dropped by more than 100 ringgits a tonne and bearish projection for Chicago soya market at the end of the day, kept moral bearish, said sources. In Mumbai, imported edible oils - palmolein and soya oil - extended losses further by Rs 18 and Rs 15 eac.h.