Archived News

27/11/2013 (Bernama) - Jaya Tiasa Holdings Bhd, which aims to be Malaysia's leading producer of renewable and sustainable quality oil palm and wood-based products, is in the process of setting up two new palm oil mills in its plantation areas.

27/11/2013 (Mongabay.com) - A controversial palm oil project set in the West African rainforest in Cameroon has won a three-year provisional lease to convert 20,000 hectares of land for plantations. The project, which is run by U.S.-based Herakles Farms, has been heavily opposed by environmental groups who say it will destroy blocks of wildlife-rich forest.

26/11/2013 (Reuters) - Malaysian palm oil futures fell on Monday, reversing morning gains, after growers' estimates sparked concerns that output in the world's No.2 producer may have risen in November and could overwhelm demand.

26/11/2013 (Bloomberg) - Palm oil dropped for a second day on speculation that output in Malaysia is poised to climb this month, adding to the highest stockpiles in six months in the world’s second-biggest producer.

26/11/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

26/11/2013 (Reuters) - Palm oil output in Indonesia will grow by up to 6 percent to 28.5 million tonnes next year, an industry group in the top producer said on Monday, and global prices should also rise as the world economy recovers, to an average $850 to $950 a tonne.

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.