Archived News

09/08/2011 (Commodity Online) - Crude palm oil futures declined on Monday tracking weak global markets and on sluggish demand in the local markets.

09/08/2011 (Business Recorder) - Prices of vegetable oils in the European market fell on Monday on concerns about global economic growth following the United States credit rating downgrade, traders said. Improved weather conditions in the US also pressured the prices, traders said.

09/08/2011 (UkrAgroConsult) - Malaysian palm oil futures are unlikely to fall below M$3,000 ($996) per tonne due to higher exports although the debt crisis in Europe and other parts of the world may affect some purchases, an industry official said today.

09/08/2011 (Business Times) - IOI Corp fell the most in 30 months in Kuala Lumpur trading, leading a drop by Malaysian plantation companies after palm oil futures slumped for a third day to a one-month low.

09/08/2011 (Bernama) - MIDF Research is revising downward its average crude palm oil (CPO) price forecast for 2011 by -5.8 per cent from RM3,400 per tonne to RM3,200 per tonne.

09/08/2011 (Livemint) - Operating profit margins of consumer goods firms were squeezed by higher raw material costs in the April-June quarter, forcing them to cut on advertising and increase product prices.

09/08/2011 (Business Daily) - The fall in commodity prices at the international market amid fears of a slowdown of the global economy is set to reduce exposure to imported inflation and exchange rate instability.

09/08/2011 (The Star) - The Sarawak Oil Palm Plantation Owners Association (Soppoa) is happy with the state Immigration Department “for being very cooperative” during the Legal Foreign Workers Biometric Registration Programme.

09/08/2011 (Reuters) - The Jakarta Futures Exchange (JFX) will launch sharia-compliant commodity contracts in September, an official said.

08/08/2011 (Bernama) - International Trade and Industry Minister Datuk Seri Mustapa Mohamed said serious efforts should be taken by both Malaysian and Indonesian businessmen to step up investments in each other's country.

08/08/2011 (Business Times) - China and India helped push palm oil exports from the world's top producer, Indonesia, up almost 10 per cent in the first half of the year from the same period last year, the nation's palm oil association (GAPKI) said.

08/08/2011 (Financial Express) - Hindustan Unilever’s Q1FY12 recurring PAT (profit after tax) of R 5.8 bn was in line with our estimates. Operating Ebitda (earnings before interest, taxes, depreciation and amortisation) of R6.79 bn (margin of 12.3%, and +50 bps and -20 bps QoQ and YoY, respectively) was slightly ahead of our estimates. Net revenues increased 15% year-on-year to R55 bn.