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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
Pakistan’s Inflation Surges By 4.9% in March
04/04/2017 (Daily Times) - The Consumer Price Index (CPI) inflation general increased by 4.9% on a year-on-year (YoY) basis in March 2017 compared to an increase of 4.2% in the previous month, reported the Pakistan Bureau of Statistics (PBS) on Monday.
Palm Oil Futures Test Resistances
04/04/2017 (Hindu Business Line) - Malaysian palm oil futures were up on Monday, rising from a near six-month low and snapping two sessions of losses as they gained strength from rival soya oilseed, weaker production outlook and rising exports. Though production growth could rise in line with the seasonal trend, it is expected to be lower than expectations. Production in February declined 1.4 per cent month-on-month, according to data from the Malaysian Palm Oil Board, the industry regulator. March data is scheduled for release on April 10. Exports of Malaysian palm oil products for March rose 6.9 per cent to 1,088,677 tonnes from 1,018,604 tonnes shipped in February, cargo surveyor Societe Generale de Surveillance said on Friday.
FGV Signs MoU With Strategic Business Partner to Explore India Market
04/04/2017 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) has signed a memorandum of understanding (MoU) with Trimex Industries Private Limited (Trimex), with the aim to explore the feasibility of supplying and distributing various palm oil products to penetrate India's midstream and downstream market.
Crude Palm Oil Futures Rise By 0.31 Per Cent
04/04/2017 (Business Standard) - Crude palm oil prices were up by 0.31 per cent to Rs 514.30 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.
MPOC Signs Pacts to Promote Palm Oil in India
04/04/2017 (Business Standard) - Malaysian Palm Oil Council today signed pacts with edible oil industry body Solvent Extractors' Association and Mumbai Dabbawala Association (MDA) to promote palm oil in India.
Oil’s Not Well
04/04/2017 (Hindu Business Line) - In a landmark move, the Centre has decided to liberalise oilseeds exports by allowing bulk export of soyabean oil, groundnut oil, sesame oil and maize oil. So far, except for rice bran oil and coconut oil whose exports were allowed in bulk, edible oil exports were permitted only in 5-kg packs with a minimum export price of $900 a tonne. For a nation that is chronically edible-oil deficient (we import 70 per cent of our needs, running up an import bill of about ₹70,000 crore annually), this may seem as a bold measure. But it is part of a policy strain that holds that liberalisation will spur farmers to produce more.
FGV Signs MoU to Penetrate India’s SME and Consumer Market
04/04/2017 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) has signed a memorandum of understanding (MoU) with Trimex Industries Pte Ltd, with the aim to explore the feasibility of supplying and distributing various palm oil products to penetrate India’s midstream and downstream market.
Malaysian palm oil price loses gains, falls to 5-mth low
01/04/2017 (The Star Online) - Malaysian palm oil futures slumped to a more than five-month low on Friday evening, shedding earlier gains as they tracked a weaker performing rival soyoil on the Chicago Board of Trade.
Malaysia grateful to France for rejecting ‘unfair’ palm oil tax
29/03/2017 (The Star Online) - Malaysia is grateful to France for not imposing unfair taxes on palm oil which could have affected the livelihoods of thousands of Malaysians, said Prime Minister Datuk Seri Najib Tun Razak.
