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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
Muted Demand Drags Down Crude Palm Oil Futures by 0.50%
15/07/2016 (Business Standard) - Crude palm oil prices eased by 0.50 per cent to Rs 490.60 per 10 kg in futures trade today as traders trimmed their positions, tracking a weak trend at spot market on sluggish demand.
Provident Agro to Divest Oil Palm Units Ahead of Moratorium
15/07/2016 (Jakarta Post) - In the wake of the government’s plan to impose a moratorium on new oil palm plantation licenses, publicly listed plantation firm Provident Agro has announced a plan to sell millions of shares in four subsidiaries for up to Rp 2.7 trillion (US$206.1 million) in an effort to provide more capital to finance its operations and future expansion.
Edible Oil Import Growth Likely Slow at 10%
Akufo-Addo Promises to Site an Oil Palm Factory in Ahafo Ano
15/07/2016 (News Ghana) - An Akufo-Addo-led government will set up an oil palm processing factory in the Ahafo Ano South East constituency of the Ashanti Region, the 2016 presidential candidate of the New Patriotic Party (NPP) has said.
Spot Demand Lifts Crude Palm Oil Futures By 0.32%
15/07/2016 (Business Standard) - Crude palm oil prices moved up by 0.32 per cent to Rs 498.90 per 10 kg in futures trading today as traders created fresh positions after demand picked up in the spot market.
GLC-Linked Palm Oil Mill Ordered to Close Over River Pollution
15/07/2016 (The Star) - A palm oil mill belonging to a government-linked company in Ulu Remis here has been ordered to close for 60 days pending cleaning up of effluent discharge that could have caused high ammonia content in Sungai Johor.
Vegetable Oil Imports up 15% in June
15/07/2016 (Business Standard) - India's import of vegetable oils increased by 15 per cent to 11.69 lakh tonnes last month on rising shipments of refined palm oil, industry body SEA said, while seeking change in duty structure to protect domestic processors.
VEGOILS-Market Factors to Watch July 14
14/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
VEGOILS-Palm Rises Tracking Higher China, U.S. Oils
14/07/2016 (Reuters) - Malaysian palm oil futures rose on Wednesday, tracking higher Chinese soybean oil and palm olein prices, while gains in U.S. soyoil also helped hike sentiment.
