Archived News

20/08/2013 (Reuters) - Indian soybean production is likely to rise by as much as 18 percent to a record 13.34 million tonnes in 2013/14 from the year before as rains boost crops in key growing areas, a senior industry official said.

20/08/2013 (Business Standard) - The value of Indian imports of edible oils and pulses is set to plummet as international prices drop and domestic output climbs in the wake of heavy monsoon rains, helping save the country around $4 billion as it struggles to narrow a gaping current account deficit.

20/08/2013 (Confectionery Production) - Edible coatings manufacturer Mantrose-Haeuser has expanded its proprietary line of high performance polishes, palm oil free polishes and anti-sticking agents for the confectionery industry.

20/08/2013 (Marketwired) - NextFuels, a pioneer in transforming agricultural residue into biofuels, unveiled its strategy today for economically producing transportation and industrial fuels from wet, unprocessed agricultural waste.

20/08/2013 (Bloomberg) - Palm oil retreated from a five-week high as crude oil fell, reducing the appeal of vegetable oils as biofuel feedstock.

19/08/2013 (Borneo Post) - Crude Palm Oil Futures (FCPO) rebounded when the market opened after the Hari Raya festivities and went above the consolidation range again as it hit its highest in more than a month on Friday.

19/08/2013 (Borneo Post) - The US economy showed jobless claims dropped to 320,000 in the week ended August 10, lowest record since October 2007.

19/08/2013 (Borneo Post) - The Microbiology Research Group at the University Malaysia Sabah (UMS) Biotechnology Research Institute has developed a simple and easy way to produce biofertiliser from oil palm fibre empty fruit bunches (EFB) within 40 days.

19/08/2013 (The Star) - The repartee between Kulim (Malaysia) Bhd and the independent directors of New Britain Palm Oil Ltd (NBPOL) is a great example of the depth of debates that should take place in buyouts that involve minority shareholders. Sadly, we rarely see such detailed arguments put forward in buyout situations involving our own companies here.

19/08/2013 (fnbnews.com) - Karnataka government recently passed two landmark bills. One is the State Agricultural Produce Marketing (Regulation and Development) (Second Amendment) Bill, 2013, which envisages introduction of warehouse-based sales and single unified licence to traders. The second is the Bill to provide for the Regulation of Cultivation, Production and Processing of Oil Palm.

19/08/2013 (Jakarta Post) - Indonesia expects to lure Australian investors to invest in developing an integrated cattle breeding system in the country’s oil palm plantations to boost both the cattle herdand palm oil production.

19/08/2013 (Bloomberg) - Palm oil climbed to a five-week high as soybeans rallied on concern that dry weather in the U.S. may hurt crops in the largest grower of the oilseed crushed to make an alternative oil.