Archived News

02/07/2013 (AllAfrica.com) - Mr Deepak Singhal is the Managing Director/CEO, Dufil Prima Foods Plc, producers of Indomie instant noodles. In this interview with our correspondent in Lagos, he speaks about doing business in Nigeria, the indomie market and industry issues

02/07/2013 (ANTARA News) - Indonesia is currently preparing multiple researches which will prove its palm oil products are environmentally friendly, Minister of Research and Technology Gusti Muhammad hatta said here on Monday.

02/07/2013 (The Star) - Sarawak-based timber and plantation group Ta Ann Holdings Bhd expects maturing oil palm plantations, which represent 60% of its total plantation land, to help further reduce the group’s cost of production (COP) this year.

02/07/2013 (Market Watch) - CME Group, the world\'s leading and most diverse derivatives marketplace, today announced the first USD Malaysian Crude Palm Oil Calendar Swaps were cleared on 21 June 2013, through CME ClearPort. The trade was between Gunvor Group and Louis Dreyfus Commodities, and was brokered by Starsupply (SG) Pte Ltd, part of the SCB Group.

02/07/2013 (Mongabay.com) - A new report lays out key leverage points for shifting Indonesia's palm oil industry toward a greener development path.

01/07/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives were down throughout the whole week as the futures product was affected by the liquidity crisis in China which may affect the demand from China, one of the major consumers for palm oil products. According to a KL-based trader with a foreign commodities brokerage, most of the global commodities are depressed and moving downwards including palm oil. Moreover, investors chose to liquidate their positions ahead of a key industry report which is the US Department of Agriculture (USDA) report which could show higher supplies of rival oilseed soybean.

01/07/2013 (Borneo Post) - Gold and crude prices diversified last week and instilled confusion to market traders.

01/07/2013 (The Star) - Malaysian companies have generated over RM680mil worth of business in East Africa following the Global Smart Partnership Dialogue (GSPD) 2013.

01/07/2013 (Jakarta Post) - A report has revealed that Golden Agri Resources (GAR), the Sinarmas Group’s oil palm business, is expanding its oil palm plantations in more than 20,000 hectares of forests in Papua. The expansion permit was obtained after the forests were removed from the government’s moratorium map on primary forests, the report says.

01/07/2013 (Bloomberg) - Palm oil gained for the first time in four days as exports from Malaysia, the world’s second-largest producer, climbed ahead of the Muslim fasting month of Ramadan.

01/07/2013 (GhanaWeb) - Newmont Golden Ridge Limited, Akyem Project, in line with its commitment to improve the wellbeing of its operating communities, has trained women in income generating ventures.

01/07/2013 (Bloomberg) - Wilmar International Ltd. (WIL), the world’s largest palm oil trader, plans to cut ties with Indonesian suppliers that clear land with illegal fires after blazes engulfed Singapore in a record haze.