Archived News

11/06/2013 (AllAfrica.com) - The Managing Director and Chief Executive Officer of PZ Cussons Nigeria Plc, Mr. Christos Giannopoulos, has said the oil palm plantation industry in Nigeria requires more competition in order to help the sector achieve its inherent potentials and drive it to global prominence.

11/06/2013 (Jakarta Post) - Indonesia, the world’s biggest palm oil producer, will spend at least US$2.7 billion to build crude palm oil (CPO) processing facilities until 2014 to further boost the country’s CPO production capacity, an executive from the palm oil producer association has said.

11/06/2013 (Daily Express) - Five major plantation companies signed the Biomass Joint Venture (JV) cluster agreement, the first of its kind in the biomass manufacturing industry, here, Monday.

11/06/2013 (Business Recorder) - The Karachi Port handled 108,596 tonnes of cargo comprising 58,031 tonnes of import cargo and 50,565 tonnes of export cargo including 5,050 loaded and empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 58,031 tonnes comprised 34,106 tonnes of containerised cargo and 23,925 tonnes of oil/liquid cargo.

11/06/2013 (The Star) - Malaysian blue chips have staged a rally, led by plantation heavyweights, pushing the FTSE Bursa Malaysia KL Composite Index up 12.21 points to 1,787.80, just a hair's breadth away from its record close of 1,788.43 points on May 14.

11/06/2013 (Hindu Business Line) - A weak rupeepushed up prices of imported palmolein by Rs 5 on Monday. Local refineries have raised their rates for palmolein, soyabean and sunflower oils by Rs 7-10 for 10 kg each. The bullish domestic market contrasted with the bearish trend in Malaysian palm oil futures, ahead of official inventory data.

11/06/2013 (The Star) - CIMB Equities Research is maintaining its Neutral recommendation on the plantation sector and its key picks are First Resources, Wilmar and IOI Corp.

11/06/2013 (Inter Press Service) - Africa is the main target for “land grabs” by foreign investors, according to a new report on large-scale land acquisitions around the world released Monday.

10/06/2013 (Mongabay.com) - Wah Soeng Berhad, a Malaysian conglomerate, will invest $744 million over the next decade to an establish oil palm plantation in Republic of Congo, reports Reuters.

10/06/2013 (THISDAY Live) - The Managing Director and Chief Executive Officer of PZ Cussons Nigeria Plc, Mr. Christos Giannopoulos, has said the oil palm plantation industry in Nigeria requires more competition in order to help the sector achieve its inherent potentials and drive it to global prominence.

10/06/2013 (Bernama) - Palm oil stocks fell 5.12 per cent to 1.82 million tonnes in May from 1.91 million tonnes in April, the Malaysian Palm Oil Board (MPOB) said Monday.

10/06/2013 (FoodBev.com) - FADM Cocoa UK has received certification for the use of segregated palm oil in its facility. Segregated palm oil is 100% RSPO certified sustainable.