Archived News

26/11/2013 (Jakarta Post) - Greenomics Indonesia’s spatial verification results on the “Global Forest Cover Change 2000-2012” map, which was published by the University of Maryland in the US in mid-November, show that oil palm plantations have been mapped out as forest cover gains.

26/11/2013 (Bloomberg) - Palm oil climbed toward a 14-month high as data showed demand is increasing for supplies from Malaysia, the world’s second-biggest producer.

26/11/2013 (Bernama) - TA Ann Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2013 rose to RM46.12 million from RM41.62 million in the same quarter a year ago.

26/11/2013 (Reuters) - Oil palm plantation company PT Salim Ivomas Pratama, a unit of Salim group, plans to develop two palm oil processing plants in South Sumatra and East Kalimantan, Kontan reports.

26/11/2013 (Bloomberg) - Palm oil dropped for a third day on speculation that output in Malaysia, the world’s second-biggest producer, may climb for a ninth month and a decline in soybean oil prices may spur consumers to switch to the alternative oil.

25/11/2013 (Borneo Post) - Malaysian palm oil futures ended higher by one per cent for the week although took a turn as investors booked profits from prices which soared more-than-one-year highs on Friday, while prospects of higher output from the world’s top producer weighed on the market.

25/11/2013 (Borneo Post) - The Dow Jones Industrial Average (DJIA) Index made a new historical high last week by going above 16,000 benchmark. The US net long-term portfolio investment inflow was US$25.5 billion in September, which implied funds moving into US equities and currency.

25/11/2013 (4-Traders) - The 11th Annual Roundtable Meeting on Sustainable Palm Oil (RT11), the world's largest sustainable palm oil meeting, concluded today in Medan, North Sumatra, Indonesia. The meeting, presented by international multi-stakeholder organization the Roundtable on Sustainable Palm Oil (RSPO), confirmed the strong commitment from palm oil stakeholders worldwide towards Sustainable Palm Oil.

25/11/2013 (Science Daily) - A recently isolated bacterial strain converts waste from palm oil production into industrially useful lactic acid.

25/11/2013 (4-Traders) - CDC invests US$14.5m to lead a US$25m equity funding round, giving CDC a 27.5% stake in the company

25/11/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended lower on Friday on profit-taking with prospects of higher output from the world’s top producer weighing on the market. Indonesia’s palm oil output will jump 13 per cent to 29.5 million tonnes next year as more maturing plantation areas are harvested, the Indonesian Palm Oil Board estimated.

25/11/2013 (Jakarta Post) - Crude palm oil (CPO) plantation firm PT Provident Agro (PALM) said it was looking to acquire approximately five plantation companies from the proceeds of its rights issue, which is expected to fetch the company Rp 887.03 billion.