Archived News

21/06/2012 (Hindu Business Line) - Bullishness continued in edible oil market, tracking extended gains in palm oil and soya oil futures abroad. Imported palmolein and soya oil extended gains by Rs 14 and Rs 8 for 10-kg respectively.

21/06/2012 (Hindu Business Line) - State-run trading firm PEC has invited bids for the import of 18,000 tonnes of refined, bleached and deodorised (RBD) palmolein for the domestic market.

21/06/2012 (The Star) - Jaya Tiasa Holdings Bhd recorded a lower pre-tax profit of RM38.901mil for the three-month financial period ended April 30, 2012 compared with RM72.841mil seen in the same period of 2011.

21/06/2012 (TODAYonline) - Wilmar International, the world's largest palm-oil processor, climbed by most in two years on speculation the stock's valuation has become attractive following a slump, the Bloomberg news agency reported on Wednesday.

21/06/2012 (AgriMoney.com) - A touch of vertigo set in to agricultural commodity markets on Wednesday, as investors pondered whether crops had not been inflated with enough weather premium for now. This was not just the case for grains.

21/06/2012 (Newstrack India) - Import of sensitive items such as fruits, vegetables, edible oil and milk surged 42.8 percent to Rs.100,911 crore in the financial year ended March 31, 2012, official data showed Wednesday.

21/06/2012 (Jakarta Globe) - Agricultural conglomerate Sungai Budi Group has set aside Rp 1.2 trillion ($128 million) this year for capital expenditure, a company executive has said.

21/06/2012 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO), an international multi-stakeholder organisation, foresees the global annual production for Certified Sustainable Palm Oil (CSPO) to reach over seven million metric tonnes by year-end.

21/06/2012 (The Star) - Malaysia is currently mapping out plans to make its palm oil sector more competitive but it would not mirror that of Indonesia's strategies, which in reality, will result in huge losses for producers.

21/06/2012 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

20/06/2012 (Reuters) - Malaysian palm oil futures closed higher on Tuesday on expectations of increased demand due to concerns that dry U.S. weather could damage the soybean crop, tightening global edible oil supply.

20/06/2012 (Financial Times) - As traders scour Asia for the next big trading opportunity, the sexy asset class is not equities, nor necessarily FX, but exchange-traded derivatives.