Archived News

24/09/2012 (Business Recorder) - The Karachi Port handled 32,400 tonnes of cargo comprising import cargo during the last 24 hours ended at 0700 hours on Saturday The total import cargo comprised 32,400 tonnes of oil/liquid cargo. Two ships carrying one container ship and one oil tanker respectively sailed out to sea during the reported period. Four vessels with two container ships, one oil tanker and one general cargo ship respectively are currently at the berths.

24/09/2012 (The Sun Daily) - The alarming rate of river pollution along the majestic rainforest lowlands of Kinabatangan, Sabah, has prompted the WWF-Malaysia to call on the state government to support the setting up of a central management committee to urgently address the issue.

24/09/2012 (Jakarta Globe) - Bengkulu has offered Chinese investors an opportunity in the downstream palm oil sector to process locally produced crude palm oil into finished products.

24/09/2012 (Reuters) - Malaysian crude palm oil (CPO) prices may fall nearly 7 percent to 2,575 ringgit per tonne in the last quarter of 2012 from current levels if Brent crude oil prices come down to $95 per barrel, a top analyst said on Saturday.

24/09/2012 (Bloomberg) - Cooking-oil demand in India, the world’s largest palm oil importer, is poised to jump 44 percent in the next eight years as rising incomes boost sales of noodles, cookies and fried foods, a government official said.

24/09/2012 (Reuters) - India's imports of soyoil are likely to come down in the marketing year starting Nov. 1, 2012, as the oil has become more expensive in relation to palm oil, a leading India-based edible oil importer told Reuters on Saturday.

24/09/2012 (Business Standard) - The government has prepared a programme in the 12th Five Year Plan to increase production of oilseeds as well as enhance oil palm cultivation.

24/09/2012 (Borneo Post) - Last week, the slowdown in China’s manufacturing and decline in Japan’s exports put a lid in crude oil prices.

22/09/2012 (Reuters) - Malaysian palm oil futures dropped on Friday to their lowest in more than 11 months, posting their worst week since March last year as rising inventories and overnight losses in U.S. soybeans weighed on prices.

22/09/2012 (Bloomberg) - Palm’s discount to soybean oil, which reached the biggest in four years this month, is poised to widen as output in Malaysia climbs, boosting inventories in the second-largest grower. The tropical oil fell to the lowest level since October 2010.

22/09/2012 (Reuters) - India's edible oil imports should rise 5.4 percent to a record 10.31 million tonnes in 2012/13, with the entire increase met by palm oil, a leading industry official said on Friday.

22/09/2012 (Bernama) - Malaysia produced an estimated 80 million tonnes dry weight of oil palm biomass in 2011, reflecting the importance and significant potential of biomass, said Plantation Industries and Commodities Deputy Minister Datuk Hamzah Zainudin.