Archived News

20/07/2012 (Reuters) - Malaysian crude palm oil futures rebounded from a 3-week low on Thursday, as the worst drought in the United States since 1956 threatened to squeeze global oilseed supplies further and offset slower exports and better output in Malaysia.

20/07/2012 (Reuters) - India has lifted a six-year old freeze on the base import price of refined palmolein, Food Minister K.V. Thomas said on Thursday, a move that will make palm oil imports from Indonesia more costly and help protect domestic refiners.

20/07/2012 (The Star) - A crude palm oil (CPO) price rally is in the offing as rising weather risks, such as drought in major soybean growing areas in the US Midwest and a potential El Nino, set to play havoc on crop production, according to plantation analysts.

20/07/2012 (Borneo Post) - Plantation Industries and Commodities Minister Tan Sri Bernard Dompok Dompok requested the state government to speed up the processing of land applications and the issuance of titles to the people to enable them to participate in worthwhile programmes.

20/07/2012 (Press Trust of India) - The government today decided to defreeze the import tariff value on refined palm oil and link it to the global prices, a move aimed at curbing higher import of refined cooking oil and protect the domestic industry.

20/07/2012 (Forex Pros) - The crude palm oil trading range for the day is 556.7-576.9. The market is looking to take support at 562.5, and a break below could see a test of 556.7. Resistance is likely to be seen at 572.6 and a move above could see prices testing 576.9. In yesterday's trading session crude palm oil touched the low of 561 after opening at 569.2, and finally settled at 568.3.

20/07/2012 (Deutsche Welle) - Palm oil is highly versatile. It can be used in foods and as biodiesel. But microbial diseases are a threat. British researchers say they have a new way to detect the pest.

20/07/2012 (Bernama) - Sarawak is targeting to implement the zero open burning policy by 2020 as part of it strategy to protect and preserve the environment, especially in preventing the haze problem.

20/07/2012 (Business 2 Community) - Investors are looking more at ‘long-term performance,’ says Ceres president

20/07/2012 (Hindu Business Line) - Edible oils bounced back on Thursday, tracking the sharp rise in Malaysian palm oil futures and a bullish US soya oil.

20/07/2012 (Jakarta Post) - India, one of Asia’s rising powerhouses, is aiming to boost its investment to US$25 billion in Indonesia in the foreseeable future, particularly in support of a previous trade agreement between the nations, newly appointed Indian Ambassador to Indonesia Gurjit Singh says.

19/07/2012 (Reuters) - Malaysian crude palm oil futures slid to a near three-week low on Wednesday, as traders booked profits partly on weaker exports and better production outlook in Malaysia after a recent U.S. weather-fuelled rally.