Market News

08.06.09

CPO Production Expected Lower on Month

In Indonesia, palm oil production for July is pegged at between 2.03 million and...

08.06.09

ADM Reports 83% Earnings Drop

ADM reported fourth quarter financials this week, posting a 83% drop in earnings...

08.03.09

Coconut Oil Exports Surge

Philippine coconut oil exports climbed over 64% to 114k mt on the year in July d...

08.03.09

Argentina Congress Willing to Discuss Farm Export Tax

The head of the pro-government caucus in the Lower House, Deputy Agustín Rossi, ...

08.03.09

Palm Oil Price Hits 6-week High

Palm oil futures had the largest increase in six weeks as crude oil and soybeans...

07.24.09

CPO Rises on Increased Export Outlook

Malaysian CPO futures rose as much as 1.6% on Friday on an improved demand and e...

07.24.09

Rotterdam Port Undergoing Expansion During Trade Lull

A current slowdown of global trade is allowing the port of Rotterdam time to exp...

07.24.09

France and Italy to Cooperate on Biofuels

France and Italy have signed an agreement to cooperate on renewable energy resea...

07.24.09

Argentina Farmers Say Tax Cut Would Increase Grain Output

Argentina’s farmers will press the government to cut taxes and export restrictio...

07.24.09

Bunge Reports Q2 Financials

New York-based Bunge has reported a 58% decrease in net income to $313-million f...

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Goldman Sachs Says Oil Could Reach $200 Per Barrel

05.07.08

Oil could rise to $200 within the next two years as part of a "super-spike" driven by poor growth in oil supplies, investment bank Goldman Sachs said in a research note.

"We believe the current energy crisis may be coming to a head, as a lack of adequate supply growth is becoming apparent," Goldman said. "The possibility of $150-$200 per barrel seems increasingly likely over the next 6 to 24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty," Goldman said.



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