Latest News

MARKET DEVELOPMENT
08-06-2012

Cooking Oil Imports by India Set to Gain 15% on Lower Crop

08/06/2012 (Bloomberg) - Cooking oil imports by India, the worldâ€™s second-biggest consumer, may climb 15 percent this year as a drop in local oilseeds harvest reduces supplies, according to GG Patel & Nikhil Research Co.

MARKET DEVELOPMENT
08-06-2012

Malaysian Palm Oil Stocks to Fall in Coming Months

08/06/2012 (Reuters) - Palm oil stocks in Malaysia, the world's second biggest producer, are likely to fall further in coming months due to the Ramadan festival after they may have dropped below the 1.86 million tonnes touched in April, a trade body executive said on Thursday.

MARKET DEVELOPMENT
08-06-2012

Tax Issue Will Be In The Plan To Cabinet, Says Dompok

08/06/2012 (Bernama) - Tax issue in the palm oil industry is one of the subjects in the plan to be presented to the cabinet but whether there will be a change is up to the government, Minister of Plantation Industries and Commodities, Tan Sri Bernard Dompok said.

MARKET DEVELOPMENT
08-06-2012

Malaysia\'s Exim Bank Expands Into India

08/06/2012 (Bernama) - Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.

MARKET DEVELOPMENT
08-06-2012

Najib Lauded For Listing Felda

08/06/2012 (Bernama) - The listing of Felda Global Ventures Holdings Bhd is a remarkable success story and Malaysian Prime Minister, Datuk Seri Najib Tun Razak, should be congratulated for his tenacity and determination in driving it, says Godrej International Ltd's director, Dorab Mistry.

MARKET DEVELOPMENT
08-06-2012

Crude Palm Oil To Decline 10% on Macro Economic Concerns

08/06/2012 (Business Standard) - The price of crude palm oil (CPO) is likely to decline by 10 per cent from the current level, owing to macroeconomic concerns, according to Dorab Mistry, director of London-based Godrej International.

MARKET DEVELOPMENT
07-06-2012

VEGOILS-Palm Gains on Firm Demand; Euro Zone Fears Linger

07/06/2012 (Reuters) - Malaysian palm oil futures extended gains on Wednesday, as investors bet on rising Asian demand for the edible oil, although caution prevailed, inspired by concerns the euro zone crisis will crimp economic growth and commodity demand.

MARKET DEVELOPMENT
07-06-2012

Cargill Plans Palm-Oil Plantations in Ivory Coast, Ministry Says

07/06/2012 (Bloomberg) - Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years, according to the countryâ€™s Labor Ministry.

MARKET DEVELOPMENT
07-06-2012

Smart Refinery to Boost Palm Oil Production as Demand Keeps Rising

07/06/2012 (Jakarta Globe) - Sinar Mas Agro Resources and Technology, a plantation unit of Sinar Mas Group, plans to boost the capacity of its refinery production to tap into demand for edible fat.

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