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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
India's New Govt to Avoid Palm Oil Duty Hike-Sources
05/06/2014 (Reuters) - India's new government will not raise duties on palm oil in the short-term, despite demands by domestic oilseed processors to cut cheap imports from the world's top producer Indonesia, official sources said on Wednesday.
Rotterdam Vegetable Oil Prices
05/06/2014 (Reuters) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.
VEGOILS-Market Factors to Watch June 5
05/06/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Still Positive on Plantations Sector Despite High Chances of El Nino
05/06/2014 (Borneo Post) - Analysts are still positive on Malaysia’s plantations sector despite the recent threat of lower crude palm oil (CPO) price and heightened chances of El Nino occuring in Malaysia.
Refineries Cut Palmolein, Soya Oil Prices
05/06/2014 (Hindu Business Line) - The sentiment in the edible oils market improved on Wednesday after a sharp bounce back in the futures market towards the end of the day. In the Bombay Commodity Exchange, most edible oils registered a drop of ₹2-5 for 10 kg, as local refineries reduced their rates for palmolein and soya oil, tracking the overnight bearish trend in the overseas markets. But with Malaysian palm oil futures rebound and local demand improving, the sentiment turned positive at the end of the day.
TDM Invests RM500m for Expansion Since 2004
05/06/2014 (Daily Express) - State government-owned company TDM Bhd has invested RM500 million for expansion since 2004 to double its oil palm hectarage and triple its hospital operations by 2022, says its Chairman Tan Sri Datuk Wan Abu Bakar Wan Omar.
MIDF Remains Positive on CPO Prices
05/06/2014 (The Star) - MIDF Research released a report on Wednesday maintaining a positive call for crude palm oil (CPO) prices at an average RM2,700 per tonne this year despite recent price weakness.
Influx of Cheaper Palm Oil Harming Local Producers
05/06/2014 (BusinessDay) - The increased importation of cheap palm oil into the country is causing a glut in the market, thereby eroding margins of local producers and stifling the growth prospects of companies in the sector.
Unilever To Receive Olein From Sister Firm
05/06/2014 (Jakarta Post) - Consumer goods giant PT Unilever Indonesia (UNVR) hopes to be able to reduce imports starting from 2015 as its sister company, PT Unilever Oleochemical Indonesia, is slated to commence project commissioning at the end of this year.
