Archived News

29/05/2012 (Reuters) - Malaysian palm oil futures rose to a near two-week high on Monday, as investor worries about the euro zone debt crisis eased and demand showed signs of improving ahead of the Muslim fasting month of Ramadan in July.

29/05/2012 (Economic Times) - Crude palm oil prices edged up marginally by Rs 1.90 to Rs 580.40 per 10 kg in futures trade today as speculators created fresh positions on expectations of pick-up in spot market demand.

29/05/2012 (Business Recorder) - India is likely to end its freeze on the base import price of refined vegetable oils, government sources said on Monday, to protect its refineries from cheaper imports of palm oil from Indonesia, the world's top producer of the cooking oil.

29/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, sold 7,000 metric tons of the 11,000 tons of palm oil it offered at an auction in Jakarta.

29/05/2012 (Borneo Post) - Sarawak Plantation Bhd (SPB), one of the pioneer players in the oil palm industry stock saw its earnings wihin expectations despite ongoing liquidity issues.

29/05/2012 (The Star) - In Malaysia, labour shortage has become the bane of many oil palm plantation players.

29/05/2012 (The Star) - While advanced and emerging economies are noteworthy for their myriad differences, it is often instructive to highlight ways in which the wealthy North and the developing South are actually quite alike.

29/05/2012 (Business Recorder) - The Karachi Port handled 141,467 tonnes of cargo comprising 115,929 tonnes of import cargo and 25,538 tonnes of export cargo including 5,454 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 115,929 tonnes comprised of 39,949 tonnes of containerised cargo; 19,380 tonnes of coal and 56,600 tonnes of oil/liquid cargo.

29/05/2012 (Bernama) - Boustead Holdings Bhd's pre-tax profit rose 33 per cent to RM224 million in the first quarter ended March 31, 2012 from RM168 million recorded in the same quarter last year.

28/05/2012 (Business Recorder) - The Karachi Port handled 96,161 tonnes of cargo comprising 79,051 tonnes of import cargo and 17,110 tonnes of export cargo including 5,506 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 79,051 tonnes comprised of 47,718 tonnes of containerised cargo; 2,217 tonnes of general cargo; 25,500 tonnes of bulk cargo and 3,616 tonnes of oil/liquid cargo.

28/05/2012 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives ended the week higher boosted by the robust exports demand and the temporary ease of the eurozone debt crisis issue.

28/05/2012 (The Star) - In tandem with the weaker performance of other commodities, the crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to see choppy trading this, dealers said.