Archived News

04/11/2014 (Jakarta Globe) - Indonesian palm oil output will climb 7 percent next year as trees mature, the chairman of an industry body in the world’s top producer said, although exports will dip as domestic biodiesel demand rises.

04/11/2014 (Borneo Post) - The B7 Biodiesel Programme for the transport sector will be implemented in Sarawak and Sabah next month.

04/11/2014 (The Star) - Malaysia’s efforts to reduce the carbon footprint of palm oil production will be bolstered when 13 more biogas plants currently being built are commissioned.

04/11/2014 (BusinessDay) - PZ-Wilmar joint venture (JV) project in oil palm business worth $650 million, which had acquired 26,000 hectares of oil palm plantations in Cross River State, is asking the Federal Government to propose a backward integration policy in palm oil sector, as it did in cement and sugar where the country’s annual production has jumped tremendously.

04/11/2014 (The Star) - Micaline Sdn Bhd, a 55:45 joint venture between Danum Shipping Sdn Bhd and Sarawak Oil Palms Bhd (SOP), will deploy its fourth chemical tanker to transport crude palm oil (CPO) between Malaysia and China early next year.

04/11/2014 (The Star) - Profit taking on plantations and weakening crude oil prices weighed on the FBM KLCI at the midday break on Tuesday while the broader market showed signs of weakening.

04/11/2014 (The Star) - Affin Hwang Investment Research is maintaining its Add rating for IJM Plantations but lowered the target price to RM3.63 from RM3.71.

03/11/2014 (FnBNews.com) - With the recent sharp rise in import of edible crude as well as refined vegetable oils into the country, domestic oil manufacturing and refining companies are seeking government intervention in the form of increase in import duty on both varieties of oils.

03/11/2014 (Bernama) - Malaysia's palm oil industry needs to increase its productivity and enhance its environmental performance for it to compete in world markets, said Malaysian Palm Oil Board (MPOB) director general Datuk Dr Choo Yuen May.

03/11/2014 (Bernama) - Malaysian companies garnered a 58 per cent increase in sales amounting to RM123.19 million from RM78.07 million recorded in 2012 at the Salon de International de l' alimentation Paris 2014, the world's largest food and beverage exhibition.

03/11/2014 (Jakarta Post) - Foreign Minister Retno LP Marsudi said on Monday that Germany remains one of Indonesia’s most important partners, as the country’s bilateral trade vision correlates well with the government’s current development program.

03/11/2014 (Business Standard) - The consumer arm of the Rs 13,500-crore Godrej Group reported a 20 per cent growth in consolidated net profit for the three months ended September 2014 to Rs 234.53 crore versus Rs 194.97 crore a year ago. Consolidated net sales of Godrej Consumer (GCPL) grew 5 per cent to Rs 2,047.51 crore versus Rs 1957.38 crore a year ago. This was marginally lower than the Bloomberg consensus estimates of Rs 2,182 crore. However, the company clearly did better on the net profit front with the Bloomberg consensus estimates pegged at Rs 229 crore.