Archived News

16/07/2013 (Sacramento Bee) - As part of its commitment to operating responsible supply chains, Cargill today announced a new assessment tool to help food and beverage customers achieve their growth, cost reduction and risk mitigation goals by identifying, prioritizing and quantifying risks and opportunities in its supply chains. The announcement was made at the 2013 Institute of Food Technologists (IFT) Food Expo.

16/07/2013 (Borneo Post) - Sarawak Oil Palm Plantation Owners Association (Soppoa) has claimed that the quality of fertilisers supplied in Sarawak is less than satisfactory.

16/07/2013 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) today presented tithe payment totalling RM15.96 million to 14 states at a breaking of fast ceremony.

16/07/2013 (Human Rights Watch) - Government corruption and mismanagement plague Indonesia’s forestry sector, with serious consequences for human rights and the environment, Human Rights Watch said in a report released today. The smog roiling Indonesia and its neighbors is partly a result of Indonesia’s ‘green growth’ strategy, which involves clearing forests for the rapid expansion of oil palm and pulp plantations.

16/07/2013 (Business Recorder) - Monday's Rotterdam vegetable oil prices at 1600 GMT.

16/07/2013 (Jakarta Post) - The palm oil industry has been blamed for the recent Sumatra land and forest fires that caused transborder haze pollution in Singapore and Malaysia. The governments of Singapore and Malaysia urged Indonesia to take measures to address the fires, while President Susilo Bambang Yudhoyono apologized for the haze saga.

15/07/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives fell from the peak of 2,400 to as low as 2,295 at end the week in a bearish note. Despite the Malaysian Palm Oil Board (MPOB) report leaning towards positive sentiment, the bearish export figures from both MPOB, Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS) reports dominated the week’s selloff.

15/07/2013 (Bloomberg) - India, the world’s biggest palm oil buyer, is set to import record amounts of the refined variety, taking advantage of lower export taxes in Indonesia and Malaysia as the producers seek to encourage domestic refining.

15/07/2013 (New Straits Times) - Universiti Sains Malaysia's Engineering Campus emerged overall winners at the recent 3rd Innovate Malaysia Design Competition, beating out more than 180 teams.

15/07/2013 (The Nation) - The Forestry Department will ask the Cabinet to issue guidelines governing the use of oil palm plantations where concessions have expired to try to cut chronic conflict between landless farmers and companies, after clashes with officials when farmers went on to forest reserves.

15/07/2013 (Borneo Post) - The Ministry of Plantation Industries and Commodities should provide detailed figures on oil palm planted areas in the state for the first half of this year.

15/07/2013 (Borneo Post) - Last week, the Fed chairmen Ben S Bernanke spoke after the Federal Open Market Committee (FOMC) minutes that he could foresee financial stimulus as necessary in current economy.