Archived News

28/06/2013 (4-traders) - Palm oil producer New Britain Palm Oil Ltd (>> New Britain Palm Oil Limited), Thursday announced an agreement with Olenex C.V.--a joint venture between Archer Daniels Midland Company or ADM and Wilmar International Ltd--to supply ADM and Wilmar with palm oil.

28/06/2013 (AllAfrica.com)- The Board of Directors of the African Development Bank (AfDB) approved on 26 June 2013 a senior loan of USD 80 million in local currencies for OLAM Africa Investment Program (OAIP) to deepen the integration of OLAM Group's agricultural value chain by investments in processing of wheat and palm oil in Africa. The program includes five sub-projects in Cameroon, Ghana, Mozambique and Senegal. Ultimately, this program will enhance the regional food supply chain and act as a catalyst to support job creation and improve sustainability of agribusiness sector, thereby enhancing food security in Africa.

28/06/2013 (The Star) - The Star BLD Plantation Bhd subsidiary Kirana Palm Oil Refinery Sdn Bhd has doubled its production capacity to 2,400 tonnes a day with the commissioning of a second plant in Bintulu.

28/06/2013 (Hindu Business Line) - Groundnut oil, soyabean and rapeseed refined oil prices dropped for the third consecutive day on the oils and oilseeds market on Thursday. The fall is in view of optimism generated over the kharif oilseeds crop.

28/06/2013 (CosmeticsDesign-Europe.com) - Cosmetics firm Kao has announced that its Wakayama Plant passed the requisite screening and was recognized RSPO SCCS certification, following its Kashima Plant last year.

28/06/2013 (Bloomberg) - Palm oil dropped for a second day to the lowest in more than a month on speculation that demand for the commodity may weaken amid rising supplies of soybean oil.

28/06/2013 (Agrimoney.com) - The uproar over the smog blamed on the burning of Indonesian forests to clear ground for oil palm trees could prompt a clamp down on plantation groups, prompting a slowdown in output of the vegetable oil

28/06/2013 (Business Recorder) - The Karachi Port handled 52,342 tonnes of cargo comprising 24,840 tonnes of import cargo and 27,502 tonnes of export cargo including 2,242 loaded and empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 24,840 tonnes comprised 18,844 tonnes of containerised cargo; 362 tonnes of general cargo; 3,683 tonnes of soyabean meals and 1,951 tonnes of oil/liquid cargo.

28/06/2013 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak is expected to further promote Malaysia-Africa ties, investment and trade when he arrives for the Global Smart Partnership Dialogue, here, tomorrow.

27/06/2013 (Reuters) - Malaysian palm oil futures fell to a 3-week low on Wednesday as investor sentiment remained fragile on weak overseas markets, although losses were capped by healthy exports and a still-weak ringgit.

27/06/2013 (Bernama) - The Sarawak Oil Palm Plantation Owners Association (SOPPOA) is on the watch out for any open burning near its estates that are likely to pose real dangers to the oil palms, mills and workers in view of the current dry spell and haze recurrence, says Chairman Paul Won.

27/06/2013 (Bernama) - Cash- rich Felda Global Ventures Holdings Bhd (FGV), with RM3.85 billion cash from its initial public offering (IPO), is evaluating 12 acquisition proposals including plantation as well as downstream businesses.