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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Activity At Karachi & Qasim Ports
17/10/2014 (Business Recorder) - The Karachi Port handled 108,447 tonnes of cargo comprising 93,709 tonnes of import cargo and 14,738 tonnes of export cargo including 3,215 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 93,709 tonnes comprised of 22,427 tonnes of containerised cargo; 7 tonnes of general cargo; 50,627 tonnes of bulk cargo: 29,695 tonnes of coal; 9,688 tonnes of wheat; 11,244 tonnes of DAP and 20,648 tonnes of oil/liquid cargo.
IOI Corp Falls to March Low on Weak CPO Prices
17/10/2014 (The Star) - IOI Corporation’s share price fell to the March low of RM4.54 on Friday on some mild foreign fund selling of the plantation heavyweight following the weaker crude palm oil (CPO) prices.
SEA Demands Increase in Veg Oil Import Duty Amid Surge in Imports
17/10/2014 (The Dollar Business) - The Solvent Extractors’ Association of India (SEA) has reiterated its demand to increase import duty on crude vegetable oils from 2.5% to 10% and refined vegetable oils from 10% to 25% to prevent a price dip during the harvest season of major oil crops in India which has commenced in some parts of the country.
New Govt Told to Give Priority to Downstream Industry
17/10/2014 (Jakarta Post) - Outgoing Industry Minister MS Hidayat has called on the incoming government to continue giving priority to the development of the country’s downstream industry in its industrialization program.
Liberia Says Economic Growth to Stall on Ebola Outbreak
17/10/2014 (Bloomberg) - Liberia’s economic growth will stall this year as the worst-ever outbreak of Ebola curtails mining and agricultural production, Finance Minister Amara Konneh said.
Imported Edible Oils Drop
17/10/2014 (Hindu Business Line) - Imported edible oil palmolein and soyabean refined oil declined by ₹4 and ₹3 respectively each tracking bearish futures, while indigenous groundnut oil jumped by ₹20 for 10 kg in Mumbai, tracking a sharp rise in the Saurashtra market on higher demand ahead of Diwali, amid lower Groundnut production this year. Improved arrivals of cotton in producing areas pulled down cotton refined oil by ₹3. Sunflower and rapeseed oil rule unchanged. Volume remained thin on slack physical demand.
Four New Factories to Increase Palm Oil Production by 20,000 Tonnes in Cameroon
17/10/2014 (Business in Cameroon) - By the end of this year, an additional 20,000 tonnes of palm oil will be produced in Sombo (Centre), Bakingili et Mamfé (South-West) and Teze (North-West). This was revealed during a recent visit to the 5,000 tonne capacity per unit industrial oil factories built in the production zone.
VEGOILS-Palm Slips to Over 3-wk Low as Crude, Soy and Weak Exports Drag
16/10/2014 (Reuters) - Malaysian palm oil futures slipped to a more than three-week low on Wednesday, giving up gains made in the previous session as crude and soy oil prices slumped, and as export demand remained lacklustre in the first half of October.
Sime Darby's Acquisition Of NBPOL Is Credit Positive, Says Moody's
16/10/2014 (Bernama) - Sime Darby Bhd's proposed acquisition of the entire shares of New Britain Palm Oil Ltd (NBPOL) would be credit positive, said Moody's Credit Outlook.
