Archived News

13/07/2012 (Business Recorder) - Palm oil prices on the European vegetable oil market fell on Thursday on official data showing exports from Malaysia fell sharply in the first 10 days of July and forecast of some rain in United States grains growing areas.

13/07/2012 (Reuters) - Indian soybean hit a record high on Thursday due to a weak rupee and tight supplies in local and overseas markets, while soyoil futures fell, tracking losses in Malaysian palm oil.

13/07/2012 (Reuters) - The curve for Malaysian palm oil futures has moved into a rare contango as the market frets over the possible re-emergence of the El Nino weather pattern and lower soy oil supplies in the United States.

12/07/2012 (Bloomberg) - Cooking-oil purchases by India, the world’s biggest consumer after China, probably dropped for the first time in five months in June after a plunge in the rupee to a record low deterred importers. Futures in Malaysia tumbled.

12/07/2012 (Reuters) - Malaysian crude palm oil futures slipped on Wednesday on weaker export data, although losses were curbed by tight global oilseed supply and expectations that demand will rise in the next few weeks due to Asian festivals.

12/07/2012 (Borneo Post) - Simunjan assemblyman Datuk Mohd Naroden Majais said he was glad to see that the people in the constituency have accepted the oil palm plantation project in the area.

12/07/2012 (Bernama) - Sarawak is determined to promote the application of good agricultural practices in the oil palm industry.

12/07/2012 (Pattaya Mail) - Commerce Minister Boonsong Teriyapirom has assigned Department of Internal Trade (DIT) to check stocks of palm oil and refineries.

12/07/2012 (Ghanaian Chronicle) - The Minister for Food and Agriculture, Mr. Kwesi Ahwoi, has announced that Ghana needs $157 million to develop the country’s tree crop sector in the next five years.

12/07/2012 (Bloomberg) - Ghana will invest $630 million from June next year to cultivate 10,000 hectares of oil palm as it seeks to meet growing international demand for the crop, Daily Graphic reported, citing Kwesi Ahwoi, the agriculture minister.

12/07/2012 (Ghana) - The Government of Ghana’s vision for the development of Tree Crops is holistic and aims at promoting sustainable growth of the entire sub-sector, taking into account all the differences between the crops and the various production areas.

12/07/2012 (Reuters) - India's refined palm oil imports fell in June as the world's biggest vegetable oil importer looked likely to raise taxes to cut cheap supplies from Indonesia, traders surveyed by Reuters said.