Archived News

10/02/2012 (The Star) - Certified sustainable palm oil (CSPO) has grown to 11% of global crude palm oil production, with Malaysia leading the pack.

10/02/2012 (Hindu Business Line) - Despite lower-than-expected local demand, edible oils rose on Thursday as local refiners increased prices tracking firm overseas markets. Arrivals of oilseeds dropped in producing centres and soya oil futures firmed up.

10/02/2012 (The Star) - Credit Suisse expects Malaysia's gross domestic product (GDP) growth to outperform regional small open economies, attributable to strong domestic demand, high palm oil and crude oil prices and a governmental fiscal boost.

10/02/2012 (Fox Business) - World food prices increased in January for the first time since July 2011, with an overall gain of almost 2% led by oils and cereals, the Food and Agricultural Organization said Thursday.

10/02/2012 (The Nation) - Sanctions against Iran are squeezing the flow of trade from other countries, affecting iron ore, cooking oil and even the aromatic basmati rice that are often routed through the Emirates.

10/02/2012 (Business Times) - OSK Research has maintained a "buy" call for QL Resources Bhd with the fair value unchanged at RM3.62, backed by the company's solid earnings track record and an on-track expansion in Vietnam and Indonesia.

10/02/2012 (Business Times) - Bursa Malaysia Bhd's (Bursa Malaysia) profit after tax and minority interest (PATMI) for the financial year ended Dec 31, 2011 rose 29 per cent to RM146.2 million from RM113 million in the same period of 2010. Total revenue rose 16 per cent to RM420.1 million, from RM361 million recorded previously.

10/02/2012 (Business Times) - Sime Darby Bhd, the world’s largest listed producer of palm oil, has seen the foreign shareholding in the company rise to its highest level since August 2008.

10/02/2012 (The China Post) - Malaysia said Thursday it posted record trade activity in 2011 as China became the country's largest export market, helping blunt the impact of global economic weakness.

09/02/2012 (Reuters) - Malaysian crude palm oil jumped to a near three-week high on Wednesday as the market reopened after a two-day break, tracking broader markets, such as soyoil, ahead of a key U.S. crop report on Thursday.

09/02/2012 (Reuters) - Malaysian palm oil exporters have stopped supplying Iran with most of the 30,000 tonnes of the food staple the Middle Eastern country buys each month, or about half its demand, as Western financial curbs on Tehran stymie payments, two trading sources said.

09/02/2012 (Bloomberg) - India, the world’s biggest palm oil buyer, probably imported more cooking oils last month after prices had the first monthly decline since September and domestic supplies dropped, according to a Bloomberg News survey.