Archived News

12/06/2012 (Reuters) - Malaysian palm oil rose on Monday on a bigger-than-expected stock draw although gains were curbed by concerns the euro zone debt crisis was far from resolved even after the bloc agreed on a rescue package for Spain's struggling banks.

12/06/2012 (The Star) - Local palm oil inventory in May fell 4.5% to the lowest in 13-month at 1.76 million tonnes compared with 1.85 million tonnes recorded a month earlier, according to the Malaysian Palm Oil Board (MPOB).

12/06/2012 (Business Standard) - India's vegetable oil imports are expected to rise by 9% to 9.48 million tonnes (MT) in the current oil year, an industry expert has said.

12/06/2012 (Cameroon Radio Television) - Farmers in the Adamawa region have been urged to modernise their methods in order to increase the production of milk, honey and fish in order to meet with local and external demand.

12/06/2012 (Reuters) - Traders' forecasts for India's vegetable oils imports in May 2012 in tonnes, and percentage change from the previous month and a year ago.

12/06/2012 (Biodiesel Magazine) - A recent Global Agricultural Information Network report filed with the USDA Foreign Agricultural Service shows reports that Thailand’s Ministry of Commerce has imposed an export surcharge of approximately $317 per metric ton on crude palm oil, effective through June 30, 2012. According to the report, the move came following government action in April to import 40,000 tons of semirefined palm oil, which was done to alleviate shortages and increasing prices.

12/06/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 7,000 metric tons of 11,000 tons of the commodity it offered at an auction in Jakarta.

11/06/2012 (Reuters) - Malaysian crude palm oil prices may fall around 17.5 percent to 2,450 ringgit per tonne in the last quarter of 2012 from current levels if Brent crude oil prices come down to $80 per barrel, a top analyst said on Friday.

11/06/2012 (Bloomberg) - Palm oil may extend a decline from its lowest level in seven months as a drop in crude oil prices reduces the appeal of the tropical oil for use in biofuels, according to LMC International Ltd.

11/06/2012 (Reuters) - Malaysian palm oil futures ended almost flat on Friday, as a firm demand outlook for the edible oil was offset by fears of slowing global growth that could crimp commodity demand.

11/06/2012 (Bernama) - Malaysia and Indonesia would continue to dominate the supply of palm oil in the world for at least another 10 years although many countries have ventured into oil palm cultivation.

11/06/2012 (Business Recorder) - Port Qasim maintained port\'s activities of total cargo volume of 95,119 tonnes including 56,862 tonnes of import; 38,257 tonnes of export cargo and the total number of 2,822 loaded and empty containers (TEUs) are handled during the last 24 hours of business activity on Friday.