Archived News

15/06/2013 (Jakarta Globe) - Environmental activists have responded with alarm to new data showing Indonesia has the third-biggest area of land in the world given over to foreign control since 2000, warning of dire implications to the country’s rainforests, wildlife and indigenous communities.

15/06/2013 (The Star) - Felda Global Ventures Holdings Bhd (FGVH) is targeting to announce several mergers and acquisitions (M&As) later this year which will be financed with its RM6.2bil cash pile, according to its chief executive officer designate, Dr Mohammed Emir Abdullah.

15/06/2013 (Jakarta Globe) - Dharma Satya Nusantara, the wood product, timber estate and plantation company affiliated with Indonesian billionaire Theodore P. Rachmat, expects its revenue to increase by as much as 20 percent this year as it expands production volume following its initial public offering.

15/06/2013 (Business Standard) - Groundnut oil prices declined at the oils and oilseeds Vashi Wholesale market here today due to lower offtake from stockist and retailers amidst good arrivals from producing regions.

15/06/2013 (The Star) - Sime Darby Bhd is unlikely to demerge any of its core businesses anytime soon, said Sime Darby executive vice president group strategy & business development Alan Hamzah.

15/06/2013 (Hindu Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivatives Exchange ended higher on Friday, spurred by bargain hunting after recent declines and short-covering ahead of the weekend. A weaker ringgit cushioned prices of the edible oil by making it cheaper for overseas buyers and refiners who are restocking ahead of the Muslim festival of Ramzan.

15/06/2013 (Reuters) - Malaysian palm oil futures ended higher on Friday after falling to a one-week low initially as expectations exports will rise in the first half of the month offset uncertainty in global markets on the outlook for economic stimulus.

15/06/2013 (UkrAgroConsult) - Ivory Coast is seeking to double palm oil production to around 600,000 tonnes by 2020 but must first overcome opposition to the sector and gain access to land, government ministers said.

14/06/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Thursday as investors continued to book profits from a recent rally in prices, although trading was thin amid caution ahead of upcoming export figures for the first half of the month.

14/6/2013 (Reuters) - India's vegetable oil imports in May stood at 917,964 tonnes, up 40.2 percent from the previous month, trade data released on Thursday showed.

14/06/2013 (Bloomberg) - Palm oil fell the most in two weeks after the World Bank lowered its estimate for global growth this year, stoking concern demand for commodities may slow and as the currency weakened in India, the biggest importer.

14/06/2013 (Bloomberg) - Palm oil imports by India, the world’s biggest buyer, climbed to the highest level in three months in May after domestic supplies fell and demand increased.