Archived News

29/03/2012 (DNA) - Blame it on scarcity of oil seeds, or rise of edible oil prices globally, or Indian speculators pushing up prices artificially, but down the line consumers become the victims as they end up shelling out more for their daily requirement. In last one year, edible oil prices have already gone up by 50%. The fear factor is that the experts believe that still there is huge room for further hike in edible oil prices.

29/03/2012 (Business Times) - Crude palm oil futures (CPO) contracts closed easier yesterday on profit-taking despite bullish external outlook, dealers said.

29/03/2012 (Bloomberg) - Presco Plc (PRESCO), a Nigerian palm-oil producer, jumped the most in almost six months after saying it would pay a dividend for 2011.

28/03/2012 (Reuters) - Malaysian palm oil futures hit a new one-year high on Tuesday as traders bet on strong export growth after droughts had damaged the South American soy harvest that is crushed into competing soyoil.

28/03/2012 (Business Recorder) - Malaysian palm oil futures hit a more-than-one-year high on Tuesday as traders bet on strong export growth after droughts had damaged the South American soy harvest that is crushed into competing soyoil.

28/03/2012 (Bangkok Post) - PTT Plc, the largest firm listed on the Stock Exchange of Thailand, is considering listing its businesses in other Asean countries, starting with its palm oil operation in Indonesia

28/03/2012 (Hindu Business Line) - Groundnut oil shot up by Rs 5 for 10 kg and cottonseed refined oil by Rs 2 for 10 kg tracking bullish reports, while rapeseed oil declined by Rs 2 for 10 kg on profit booking. Imported palmolein extended gains by Rs 5 for 10 kg,

28/03/2012 (Borneo Post) - Crude oil palm (CPO) prices are expected to trend higher due to projected moderation in output as well as soybean production disruption in South America.

28/03/2012 (2merkato) -.Ethiopia is to increase its import of palm oil and sugar in the next budget year. The government plans to increase the import of palm oil by 56% and sugar by 11% according to the Ministry of Trade.

28/03/2012 (Business Times) - Kenanga Research upgraded Malaysia’s plantation sector to "overweight", expecting the total return of the sector to record more than 10 percent on positive demand and supply fundamentals.

23/03/2012 (Business Recorder) - The Karachi Port handled 103,014 tonnes of cargo including 59,071 tonnes of import, 43,943 tonnes of export cargo and 4,355 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Tuesday.

27/03/2012 (Reuters) - Malaysian palm oil futures extended gains to a one-year high on Monday as strong exports data and drought woes in soy-producing South America boosted investor sentiment.