Archived News

08/07/2013 (The Star) - Employees of plantation conglomerate Felda Global Ventures Holdings Bhd (FGVH) will bid adieu to their friendly and soft-spoken group president and chief executive officer Tan Sri Sabri Ahmad whose term is expiring next Monday.

08/07/2013 (The Star) - Plantation group Felda Global Ventures Holdings Bhd (FGVH) will hold a signing ceremony on Tuesday on its share purchase agreements.

06/07/2013 (Reuters) - Malaysian palm oil futures rose to a more than one-week high on Friday, reversing losses seen earlier in the session as hopes for a drawdown in stocks in the world's No.2 producer helped offset concerns about rising output.

06/07/2013 (MENAFN.COM) - Scandic has been working with sustainability issues since the mid-1990s. Water, energy, waste and carbon dioxide emissions are some of the areas monitored by the Group every month, to ensure continuous improvement with respect to sustainability. Now the company is focusing on its restaurant offer, and has decided to replace palm oil with rapeseed and sunflower oil. Scandic's restaurants use around 75 thousand litres of oil every year just for deep-frying. The use of palm oil has already ceased in Norway, Denmark and Finland.

06/07/2013 (Mongabay.com) - Illegal palm oil expansion inside Indonesia’s Tesso Nilo National Park is threatening protected forests and the reputation of two companies who claim to be sources of sustainably-produced palm oil, says a new WWF-Indonesia report.

06/07/2013 (4-Traders) - Unilever has today broken ground for its palm oil processing plant in the Sei Mangkei Special Economic Zone (SEZ) in North Sumatera.

06/07/2013 (The Star) - Malaysia’s exports in May fell 5.8% to RM55.37bil from a year ago, which was below consensus forecast of a 3% decline as exports of palm oil and electrical and electronic (E&E) products fell.

06/07/2013 (Business Standard) - To protect the sugar sector and edible oil refineries, the government is likely to raise the import duties on both raw sugar and refined oil.

06/07/2013 (Afribiz.info) - Liberia’s post-war economic growth was sustained in 2012, led by the first full year of iron ore exports, construction, and a strong performance in the service sector. Real GDP is estimated to have grown by 8.9% in 2012, and is projected to expand by 7.7% in 2013 and 5.4% in 2014, supported by iron ore production and concession-related foreign direct investment (FDI). This outlook, however, remains vulnerable to commodity price fluctuations, particularly for iron ore and rubber, FDI, and overseas development assistance (ODA), including the partial withdrawal of the substantial United Nations Mission in Liberia force (UNMIL). Disputes regarding concession agreements, particularly in the forestry, palm oil, and oil sectors, also constitute substantial risks. Faster job creation will be necessary to ensure stability. Consumer price inflation moderated to 6.9% in 2012, reflecting lower international food and fuel prices. Inflation is expected to slow down to 5.1% in 2013.

05/07/2013 (Reuters) - Malaysian palm oil futures inched higher on Thursday, spurred by early gains in China's soy markets and investor optimism for stocks in the world's No.2 producer to shrink for a sixth straight month.

05/07/2013 (Reuters) - Malaysia\'s end-June palm oil stocks likely dropped to their lowest in a year as demand for the edible oil continued to outstrip supply, a Reuters survey of five plantation companies showed on Thursday.

05/07/2013 (AllAfrica.com) - Chief Okey Ikoro is the chairman of the Vegetable/Edible Oil Producers Association of Nigeria. In this interview, he talks on how the sector, which should have been the best revenue generator for the country after crude oil, is gradually being killed by federal government's selective policy of duty waivers, and the activities of member countries of the Economic Community of West African States (ECOWAS) which allegedly sabotage Nigeria's economy through cross border smuggling