Archived News

13/03/2012 (Business Standard) - Crude palm oil fell by Rs 3.40 to Rs 556.60 per 10 kg in futures trade today on emergence of profit-selling at existing higher levels after a decline in demand in the spot market.

12/03/2012 (Economic Times) - Branded cooking oil prices will rise on Monday (March 12) -- the fourth time in five months -- after palm oil prices hit a nine-month high due to a smaller soyabean crop in South America and hopes of a strengthening US economy.

12/03/2012 (Bangkok Post) - Palm oil producers are urging the government to speed up restructuring of the commodity\'s price management before history repeats itself and shortages return, says the Thai Oil Palm and Palm Oil Association.

12/03/2012 (Business Recorder) - Strong Asian demand chasing limited edible oil supply may boost palm oil prices that have gained six percent in February, reflecting the appeal of food commodities at a time of shaky global growth and rising geopolitical tension.

12/03/2012 (The Star) - Independent local palm oil refiners are pushing for the abolishment of duty-free export quota for crude palm oil (CPO) and crude palm kernel oil (CPKO), given yearly to selected local plantation companies with refineries overseas.

12/03/2012 (The Star) - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to continue their steady performance this week.

12/03/2012 (Borneo Post) - United Malacca Bhd (United Malacca), a plantation company with oil palm estates in West Malaysia and Sabah, is expected to see a boost in its fresh fruit bunch (FFB) production and sustainable growth due to near optimally aged trees moving forward.

12/03/2012 (The Star) - Felda Global Ventures Holdings Bhd (FGVH) and its partners are looking to sell their controlling 17% stake in Australian Agricultural Co Ltd (AAco), the largest beef-cattle producing company Down Under, sources said.

12/03/2012 (Hindu Business Line) - The Solvent Extractors' Association has petitioned the Finance Ministry for an upward revision in tariff value (for calculation of customs duty) on the ground that the huge surge in import of refined palmolein was seriously affecting the domestic vegetable oil refining industry pushing it towards closure. However, the demand looks enervated when placed in context.

12/03/2012 (Sin Chew Daily) - Recycled cooking oil is harmful to health, but it is not environmental friendly to dump used cooking oil just like that. The best solution is to used it for industrial purposes, namely to reproduce into biodiesel.

12/03/2012 (Postzambia.com) - Zambia and Kenya have emphasised the need to resolve outstanding issues on palm based oil, milk and milk products.

12/03/2012 (Business Recorder) - Business RecorderThe Karachi Port handled 82,515 tonnes of cargo comprising1 48,199 tonnes of import cargo and 34,316 tonnes of export cargo including 4,552 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday.