NEWS FEED
  • 28 August, 2015
    Malaysia Says Cooperating With Indonesia In Palm Oil Industry
    Malaysia said it agreed with Indonesia to improve cooperation in the palm oil industry given the grim global economic environment that has stoked worries about demand and pushed down prices. Benchmark Malaysian palm prices slumped to a 6-1/2 year low of 1,863 ringgit ($441.68) a tonne this week amid a drop in financial markets that was led by a brutal selloff in equities in China, one of the world's top palm oil consumers.
  • 28 August, 2015
    Palm oil imports to hit record 10 million tonnes as 'producers dump' at discount: Ruchi Soya
    Overseas purchases of palm oil in the year starting November are set to rise nearly eight percent to a record 10 million tonnes as producers dump the tropical oil at steep discounts, key importer Ruchi Soya BSE 4.01 % said on Thursday. Higher purchases by India, the world's top importer of cooking oils, could support benchmark Malaysian palm oil futures which are trading near their lowest level in 6-1/2 years due to soft prices and concerns over China.
  • 28 August, 2015
    Palm Oil Industry Leadership Forum 2015 : Renminbi Trade Financing - Tool Of Trade To Enhance Palm Oil Export To China
    Palm Oil Industry Leadership Forum (PILF) will be organised in conjunction with the Palm Oil Industry Leadership Award (PILA) Dinner. This forum provides a platform for leaders in the palm oil industry to discuss emerging trends and share their thoughts, ideas and concerns within the industry.
  • 27 August, 2015
    Agni To Build RM150 Million Biomass Energy Power Station In Bera
    Renewable energy provider, Agni Power Sdn Bhd, has allocated RM150 million to build a biomass energy power station using empty oil palm fruit bunches (EFB) here. Its Director, Admi Othman, said the power station, which would be developed on eight hectares in Jalan Gugusan Bera, is expected to be completed in two years under the supervision of the main contractor, Emrail Sdn Bhd.
  • 26 August, 2015
    Sime Darby sees palm oil at RM1,900-2,000 a tonne until September
    Palm oil prices will likely trade between RM1,900 and RM2,000 ringgit per tonne between now to September, said the chief executive of Malaysia's Sime Darby Bhd, the world's top oil palm planter by land size.
  • 25 August, 2015
    Palm oil futures on Bursa tumble to 6½-year low
    Malaysian palm oil futures extended earlier losses to fall more than 4% yesterday as the tropical oil tracked other global markets lower on concerns about the Chinese economy. At the close, the benchmark palm oil contract for November on Bursa Malaysia Derivatives ended 3.6% lower at RM1,915 a tonne. Palm oil has sunk 10% this month and is now trading at its lowest level in nearly 6½ years.
  • 24 August, 2015
    Palm trades at near one-year low on Chinese economic woes
    Malaysian palm oil futures fell more than 3% on Monday as the tropical oil tracked other global markets lower on concerns about the Chinese economy. The benchmark palm oil contract for November on the Bursa Malaysia Derivatives Exchange traded 3.1% lower at 1,924 ringgit ($455) a tonne by the midday break.
  • 24 August, 2015
    Palm oil may drop to 1908 ringgit
    Palm oil may break a support at 1,925 ringgit per tonne and fall more to the next support at 1,908 ringgit, as suggested by its wave pattern and a Fibonacci projection analysis.
  • 24 August, 2015
    For frying out loud, use palm oil
    It has been around 25 years since Chef Federico Michieletto left the classrooms of the Italian Culinary Arts Institute in Castel Franco Veneto, Italy. However, there is one lesson he remembers clearly from his days as a culinary arts student and that which the Marini’s on 57 chef practises until today. “Use palm oil to deep fry,” says the chef, as a matter of fact. “That’s what they taught me in school and I still do what my teachers told me.”
  • 24 August, 2015
    Tough times for palm planters
    A BUMPY ride ahead is envisaged for plantation companies as their earnings are expected to be dragged down by weaker average crude palm oil (CPO) selling prices. The price of CPO, which has fallen by about 14% year-to-date, is currently trading below the RM2,000-per-tonne mark.