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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
CPO Price Rally May Be Short-lived
24/03/2014 (The Star) - The dramatic narrowing of crude palm oil (CPO) price discount to its competitors – soybean and rapeseed oils – can hamper the steady increase in the price of the local commodity, currently trading above RM2,700 per tonne, from touching the targeted RM3,000 per tonne mark this year.
An Indigenous Agro Firm to Extract Oil Palm for Export
24/03/2014 (GhanaWeb) - Building Business on Values Integrity and Dignity with an acronym B-BOVID, an agro-based firm in the Western Region will soon start extracting palm oil and palm kernel oil for local consumption and export.
Palm Oil Producers to Benefit From Local Market
24/03/2014 (Jakarta Post) - As domestic palm oil producers struggle with various barriers in export destinations, ranging from repeated trade remedy measures to environmental concerns, they are turning to the great potential of the local market.
RI Palm Oil Dodging Barriers
24/03/2014 (Jakarta Post) - Palm oil business players are shifting their focus to new foreign markets this year amid trade remedies and other barriers implemented in some key export destinations.
Moody's Expects CPO Prices To Average US$700-800 A Tonne This Year
24/03/2014 (Bernama) - Moody's Investors Service expects crude palm oil (CPO) prices to average between US$700 and US$800 (US$1.00 = RM3.30) per tonne this year, its Vice President Alan Greene said.
Palm Production in Indonesia Rising for First Time in Six Months
22/03/2014 (Bloomberg) - Palm oil production in Indonesia, the world’s largest supplier, will probably climb for the first time since September as yields recover from a seasonal decline. Prices in Kuala Lumpur tumbled to a one-month low.
Rotterdam Vegetable Oil Prices
22/03/2014 (Business Recorder) - Friday's Rotterdam vegetable oil prices at 1700 GMT.
RI Proposes Trade Platform for CPO Exports
22/03/2014 (Jakarta Post) - Indonesia has proposed that the European Union establish a common platform on sustainability to ease the flow of crude palm oil (CPO) exports into Europe.
Edible Oils Slip on Slack Offtake
22/03/2014 (Hindu Business Line) - The edible oils market witnessed weak trend on Friday, tracking extended loss on the futures market. On the Bombay Commodity Exchange Groundnut, soya oil, sunflower and rapeseed oil ruled steady. At Rajkot, groundnut oil Telia tin quoted static at ₹1,170 and loose (10 kgs) at ₹745. Palmolein rose by ₹3 and cotton oil increased by ₹5. Sources said that in the absence of physical demand, activities remained thin and isolated. Hardly 80-100 tonnes of palmolein were resold in the market. Stockiest preferred to fulfil old commitments. The slide in soyabean oil futures continued for the second day on persistent selling by stockists amid good supply from producing regions and weak trends in overseas markets.
