Archived News

24/08/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, failed to sell 9,000 tons of palm oil it offered at an auction today in Jakarta.

24/08/2012 (Reuters) - Indian soyoil futures extended gains into a third session on Thursday on good demand in the physical market ahead of key festivals, while rapeseed rose tracking an upside in the spot market due to thin supplies.

24/08/2012 (Hindu Business Line) - Edible oil market witnessed mixed trend on Thursday on lack of demand and thin volume. Groundnut oil, rapeseed oil and palmolein ruled unchanged while soyabean refined oil, sunflower oil and cotton refined oil increased by Rs 5 for 10 kg each tracking firm reports from producing centres and bullish domestic futures.

24/08/2012 (Bernama) - The Malaysian Palm Oil Council (MPOC) is tasked with promoting the market expansion of palm oil through creating awareness of various technologies, economic advantages, nutritional wholesomeness and environmental sustainability of Malaysian palm oil.

24/08/2012 (The Nation) - The main forest watch agency will ask the Agriculture Ministry to register all farmers who grow rubber and oil-palm trees nationwide in a bid to prevent encroachment, which is one of the major causes of wildfires in protected peat swamp forests in two southern provinces.

24/08/2012 (The Star) - Public Invest Research reiterated its Outperform call on QL Resources with a target price of RM3.83 based on QL's proven resilient business model.

23/08/2012 (Reuters) - Malaysian crude palm oil futures closed at the highest in more than a month on Wednesday, chasing gains in the soybean oil market after reopening from a long weekend break and getting support from rising exports.

23/08/2012 (Reuters) - India's vegetable oils industry has urged the government to press China to lift a ban on imports of Indian rapeseed meal, the chief of an industry body said on Wednesday, ahead of a visit next week by the Chinese trade minister.

23/08/2012 (Borneo Post) - Member of parliament Datuk Chua Soon Bui welcomed the announcement by Malaysia Palm Oil Board (MPOB) chairman Tan Sri Shahrir Abdul Samad to abolish the implementation of sub-regulation 21.

23/08/2012 (The Nation) - The opposition Democrat Party on Wednesday alleged that the Pheu Thai government has completely failed in its agricultural policies during its first year in office.

23/08/2012 (The Star) - Shin Yang Shipping Corporation Bhd (Syscorp) has broadened its revenue base with the commencement of crude palm oil (CPO) transportation.

23/08/2012 (The Star) - Boustead Holdings Bhd posted a steep 76.4% year-on-year drop in net profit to RM43.7mil for its second quarter ended June 30, 2012 due to lower crude palm oil prices and a slowdown in the maritime sector which impacted its heavy industries division.