Archived News

29/04/2011 (Forex Pros) - China, the world's No.2 vegetable oil buyer, must cut its import duties for palm oil to help boost Indonesian exports which are seen little changed at 2 million tonnes this year, an industry association said on Thursday.

29/04/2011 (India Infoline) - the edible oils ruled weak in the absence of demand. Palmolein and soya refined oil ruled steady despite Malaysian crude palm oil (CPO) continuing to rule lower. In Mumbai market, groundnut oil after witnessing a jump of Rs. 40 in last one week, dropped Rs. 10. In Saurashtra, groundnut oil came down by Rs. 20 to Rs. 1,275 (Rs 1,295) for telia tin and Rs. 15 to Rs. 825 (Rs 840) for 10-kg loose. Rapeseed oil and cotton oil also declined by Rs. 7 and Rs. 5 respectively. Soya oil, palmolein and sunflower oil ruled steady.

29/04/2011 (Bernama) - China is keen to increase investment in Malaysia, especially in the resource-based industry in Sarawak, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

29/04/2011 (Borneo Post) - The wholly-owned subsidiaries of Bintulu Port Holdings Bhd (Bintulu Port) are expected to benefit from potential new cargo coming their way after seeing improvement in its results for Financial Year (FY) 2010.

29/04/2011 (Reuters) - Astra International, Indonesia's main vehicle distributor and biggest listed company, on Thursday said its first quarter 2011 net profit rose 43 percent, driven by higher coal and palm oil prices.

29/04/2011 (Mongabay.com) - Indonesia's low carbon development strategy will not impede the palm oil industry's growth said a key Indonesian climate official during a meeting with leaders from the country's palm oil industry.

29/04/2011 (Live Trading News) - Singapore should see a stronger day today and Shayne Heffernan best buys in Singapore today are Golden Agri-Resources down 1.5 per cent yesterday to S$0.670 and Noble Group which fell 0.9 per cent to S$2.20.

29/04/2011 (Live Trading News) - A recovery in Palm Oil futures yesterday will give help Plantation companies today, Shayne Heffernan best buys are Genting Plantations and Kuala Lumpur Kepong.

29/04/2011 (Live Trading News) - In Jakarta today Plantation companies should perform well after Palm oil for July delivery increased 1.4 percent to 3,324 ringgit ($1,121) per ton on the Malaysia Derivatives Exchange.

29/04/2011 (Business Standard) - Crude palm oil prices rose further by 5.20 to Rs 508.70 per 10 kg in futures trade today as speculators created fresh positions on the back of a rise in demand in the spot market amid low stocks.

28/04/2011 (Business Times) - CRUDE palm oil futures contracts on Bursa Malaysia Derivatives ended lower yesterday on continued profit-taking by speculators and lower demand.

28/04/2011 (Economic Times) - Wipro's consumer products division will increase prices of its soap brands such as Santoor and Chandrika for the second time this calendar year due to high palm oil prices, a top executive said.