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Malaysia raises palm oil export duty for April
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?
Domestic Edible Oil Production Set to Rise By 1.5 Million Tonnes
29/12/2016 (Hindu Business Line) - Even as the sowing of kharif oilseeds has increased over last year, the trade is expecting higher oilseed availability, resulting in a rise in domestic edible oil production, but with no impact on imports.
VEGOILS-Palm Hits Its Highest in More Than A Week
29/12/2016 (Reuters) - Malaysian palm oil futures rose to their highest in one-and-a-half weeks on Wednesday, marking a second consecutive session of gains, helped by tight supplies and improving exports.
PSQCA Clarifies Regarding Vegetable Ghee, Cooking Oil
29/12/2016 (Pakistan Observer) - Pakistan Standards and Quality Control Authority (PSQCA) is the sole National Standards Body (NSB) of Pakistan. It is mandated under the PSQCA Act VI of 1996 to check the quality of products declared mandatory and bring them under compulsory certification through SROs. Presently 108 products stand declared as ‘mandatory’, including Edible Cooking Oil and Ghee.
No Synergy Seen in Felda’s Eagle High Buy
29/12/2016 (The Edge) - More questions are being raised on the rationale for the purchase of a 37% non-controlling stake by Federal Land Development Authority (Felda) in Indonesia’s PT Eagle High Plantations Tbk as there would be no unlocking of value for Felda. In fact, the US$505.4 million or RM2.26 billion investment should be spent on Felda’s locally listed arm Felda Global Ventures Holdings Bhd (FGV).
Govt Asked to Reduce Taxes on Edible Oil Imports
29/12/2016 (The Nation) - Chairman Businessmen Panel and Pakistan Business Group Alliance of FPCCI Mian Zahid Hussain, FPCCI Presidential Candidate Abdul Rahim Janoo, FPCCI Candidate for SVP Mian Anjum Nisar and Chief Convener Election Cell Syed Abdul Waheed Shah on Tuesday said that the government should consider reducing taxes and duties on import of edible oil to promote this sector.
VEGOILS-Market Factors to Watch Dec 28
28/12/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Rotterdam Vegetable Oil Prices
28/12/2016 (Reuters) - The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:
VEGOILS-Palm Gains 2 Pct on Slower Export Decline, Stronger Soy
28/12/2016 (Reuters) - Malaysian palm oil gained 2.2 percent by the end of Tuesday's trading day, buoyed by data showing a slower decline in exports and improved sentiment for rival oils on Dalian and CBOT.
Malaysia's Felda Faces Criticism Over 'Expensive' Indonesian Palm Deal
28/12/2016 (Reuters) - Malaysia's Federal Land Development Authority (Felda) came under mounting criticism on Tuesday for its plans to purchase a stake in Indonesian palm oil firm PT Eagle High Plantations Tbk in what critics have called an overpriced deal.
