Archived News

19/06/2012 (Reuters) - Malaysian palm oil futures closed higher on Monday after Greece's pro-bailout parties won closely-watched elections over the weekend, preventing the euro zone debt crisis from escalating and reviving risk appetite.

19/06/2012 (Borneo Post) - The Indonesian tax structure has created the disparity between the price of Malaysian crude palm oil and Indonesian crude palm oil and thus, putting all Malaysian refineries into uncompetitive position in the international market.

19/06/2012 (Business Standard) - Refined palmoil prices recovered marginally in an otherwise lacklustre oils and oilseeds market here today on mild retail demand amidst firm Malaysian cues.

19/06/2012 (Bernama) - Felda Global Ventures Holdings (FGVH) is confident of a successful listing on Bursa Malaysia, saying its strong business model would enable it to face global economic uncertainties.

19/06/2012 (Business Standard) - Crude palm oil prices rose by Rs 5.10 to Rs 535.70 per 10 kg in futures market today after speculators built up positions on the back of pick up in demand in the spot market amid a firming global trend

19/06/2012 (Jakarta Post) - Publicly listed plantation firm PT Sampoerna Agro (SRGO) says domestic demand for crude palm oil (CPO) will dominate the company’s sales for the year as external demand may be weakening against the backdrop of the global economic slowdown.

19/06/2012 (The Star) - Late last month, Malaysia's first shipment of oil palm biomass made its way to Italy.

19/06/2012 (Jakarta Globe) - Agrobusiness’ Sungai Budi Group is planning to invest Rp 1.2 trillion ($ 127 million) in capital expenditures this year, which will include seeking bank loans to finance its expansion of infrastructure, a company executive said.

19/06/2012 (Bernama) - Bilateral ties between Malaysia and China are now at their best ever period and level, and are poised to be even stronger in the years to come, said China's Ambassador to Malaysia, Chai Xi.

19/06/2012 (Hindu Business Line) - Edible oils, except groundnut oil, fared better on Monday on the back of global cues . Imported palmolein and soya oil rose by Rs 2 and Rs 5 for 10 kg each. Sunflower refined oil and cotton refined oil increased by Rs 5 and Rs 2. Rapeseed oil was up by Rs 10. Sentiment improved as market witnessed higher volumes on fresh demand. About 3,000 – 3,500 tonnes of edible oils were traded in the day, said a leading broker.

18/06/2012 (The Star) - Palm oil mill expert, CB Industrial Product Holdings Bhd (CBIP) will focus on increasing its order book for its Modipalm mills in Malaysia and overseas while pursuing acquisitions of greenfield landbank in Indonesia for oil palm plantations this year.

18/06/2012 (Borneo Post) - Malaysia’s largest Palm Oil Exhibition (Palmex 2012) and Oil and Gas Expos (Sogex 2012) are set to be held in Bintulu, Sarawak, with garnered interests from both local and international parties.