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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?
Indian Soyaoil Futures Rise
28/12/2016 (Reuters) - Indian soyaoil futures rose on Tuesday, tracking gains in Malaysian palm oil and other overseas markets. The Dalian soyabean oil contract for May rose 1.8 percent, while the March soyabean oil contract on the Chicago Board Of Trade was up 1.3 percent. Malaysian palm oil gained 2.2 percent, buoyed by data showing a slower decline in exports.
New Acquisition to Boost HSP’s Future Output
28/12/2016 (Borneo Post) - Hap Seng Plantations Holdings Bhd’s (HSP) outlook for 2017 has been viewed positively by analysts, given the prospects of various factors, which includes new acquitions, that are expected to boost its future output.
Oil Making Industry Capacity Drops to 35Pc
28/12/2016 (Zimbabwe Daily) - Capacity utilisation in the cooking oil manufacturing industry has plunged to below 35 percent largely due to failure to secure adequate foreign currency to import raw materials.The manufacturers have since approached the Reserve Bank of Zimbabwe to lobby for an increase in foreign currency allocation to prevent further drop in capacity utilisation in the oil processing industry.
Cooking Oils Turn Hot on Weaker ₹
28/12/2016 (Hindu Business Line) - Edible oils market gained on firm overseas futures amid weak domestic rupee which makes imports costlier. Local refineries increased their rates for palmolein by ₹5-10 per 10 kg. Indigenous oils too gained on positive reports from producing centres.
USDA Data Show Food Costs Decline as Biodiesel Market Soars
28/12/2016 (Biodiesel Magazine) - As Americans set the table for another holiday meal this year, they are paying less for it, according to the USDA’s Food Price Outlook. The Consumer Price Index for grocery store items is 2.3 percent lower than the last year, all while biodiesel production is higher than ever.
FGV Says Investors Need to Assess Its Performance Over Long Period of Time
28/12/2016 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) has asked its major investors to assess its business performance over a long period of time, its Group President and Chief Executive Officer, Datuk Zakaria Arshad said.
VEGOILS-Market Factors to Watch Dec 27
27/12/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Rotterdam Vegetable Oil Prices
27/12/2016 (Reuters) - The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:
Edible Oils Steady in Muted Trade
27/12/2016 (Hindu Business Line) - Edible oils market ruled steady in absence of cues from overseas as the markets (Malaysian palm oil and Chicago soya oil) were closed.
