Archived News

19/08/2013 (Business Mirror) - The development of Mindanao as the palm oil capital of the Philippines has become the current focus of the Mindanao Development Authority (MinDA).

19/08/2013 (Sudan Vision) - Macaque monkeys that have developed the ability to use stone tools to open shellfish are in danger of losing the skill because of human development.

17/08/2013 (Reuters) - Malaysian palm oil futures hit their highest in more than a month on Friday and posted their best weekly performance since early February, as rising exports boosted investor optimism.

17/08/2013 (Bloomberg) - Palm oil headed for the biggest weekly gain in 32 months as soybeans rallied on concern that the U.S., the largest grower of the oilseed crushed to make an alternative oil, may harvest a smaller crop than forecast.

17/08/2013 (Hindu Business Line) - Weak domestic currency touching record low against the US dollar and extended gain in Malaysian palm oil futures have pushed up edible oils prices higher in domestic market on Friday.

17/08/2013 (Bernama) - The 5.0 per cent economic growth registered by India last year, the lowest in a decade, will not have an impact on bilateral trade, says India's High Commissioner to Malaysia, Vijay Gokhale.

17/08/2013 (The Star) - A “low-ball offer” is what many have termed Kulim (M) Bhd’s partial takeover of New Britain Palm Oil Ltd (NBPO), and that isn’t far from the truth.

17/08/2013 (The Star) - In a lengthy reply to the independent directors of New Britain Palm Oil Ltd (NBPOL), Kulim (M) Bhd has sought to defend its partial offer to enlarge its current holdings of 48.97% in NBPOL to 68.97%.

17/08/2013 (Hindu Business Line) - Rupee depreciation is likely to hit imports of crude palm oil by India, the world’s largest market for the commodity, driving down prices in the medium term. Concerns about demand from China, another major market, and a significant harvest in the first half of 2013 are also likely to depress rates for the cooking oil.

17/08/2013 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives ended higher and posted their best weekly performance since early February, as rising exports boosted investor optimism. Malaysian palm oil exports for the Aug. 1-15 period rose 17.7 per cent from the same period a month ago to 644,589 tonnes, cargo surveyor Intertek Testing Services said on Thursday.

16/08/2013 (Reuters) - Malaysian palm oil futures rose to the highest in more than a month on Thursday, boosted by strong exports from the world's second-largest producer as major buyer China stocks up ahead of the Mid-Autumn festival in September.

16/08/2013 (Wall Street Journal) - Scientists have identified the gene responsible for determining the yield of oil palm fruits. The discovery is being hailed as a breakthrough, potentially paving the way to thwart disease, increase yield and reduce tensions with environmentalists, though much work is ahead before the finding can be applied commercially.