Archived News

08/05/2013 (Hindu Business Line) - Ahead of Malaysian palm oil production and inventories data, edible oils market may bottom out and the next few days will be crucial in determining the course of the trade.

08/05/2013 (AllAfrica.com) - President Ellen Johnson Sirleaf on April 4 convened a meeting with concessionaires operating in Liberia, including the managements of Sime Darby Plantation (Liberia) Golden Veroleum Liberia, to resolve issues of land and community rights.

08/05/2013 (National News Bureu of Thailand) - The Department of Internal Trade (DIT) confirms that product prices are still at normal levels and prepares to arrange a meeting on price interference on palm produce in a bid to tackle the price drop.

08/05/2013 (Jakarta Post) - Plantation company PT Dharma Satya Nusantara is planning to sell new shares in an initial public offering (IPO) late this month and early June to raise funds for its business expansion.

07/05/2013 (Reuters) - Malaysian palm oil futures slipped to nearly a 5-month low on Monday, weighed down as the ringgit surged against the dollar following the ruling coalition's win in the country's general elections.

07/05/2013 (Bloomberg) - Palm oil tumbled to near a three-year low as the ringgit climbed the most since 1998 after Malaysian Prime Minister Najib Razak won re-election, lowering the appeal of commodities priced in the nation’s currency.

07/05/2013 (Bloomberg) - Golden Agri-Resources Ltd. (GGR), the palm oil producer with enough plantations to almost cover the Grand Canyon, is ripe for a buyout by its largest shareholder as the stock languishes 36 percent below the value of its net assets.

07/05/2013 (DigitalJournal.com) - The rainforest land and ancestral homes of small farmers and indigenous peoples of the Philippines are under threat, as the Philippine government plans to promote oil palm plantations on a vast scale.

07/05/2013 (Bizcommunity.com) - Unilever is celebrating the success of a partnership blossoming in the sunflower fields in Limpopo to ensure sustainable sourcing of sunflower oil for its products. Through the sunflower farming partnership, Unilever has successfully developed higher yielding hybrid seeds and it is now possible for the oils to be traced right back to the individual farms where the seeds were grown.

07/05/2013 (National News Bureau of Thailand [NNT]) – The Internal Trade Department will ask mall operators to keep prices of food court dishes from rising unreasonably; will also maintain the price of palm oil at 42 baht a bottle.

07/05/2013 (Business Mirror) - Militant labor organization Kilusang Mayo Uno (KMU) on Monday slammed the layoff of 104 palm-oil workers of the Malaysian-owned Agusan Plantation Inc. (API) in Agusan del Sur province’s Trento town on May 2 and blamed President Aquino for it.

07/05/2013 (THISDAY Live) - Crusoe Osagie writes that PZ Wilmar, which targets the peak of the nation’s oil palm plantation industry by its massive plantation development in Cross River State, will certainly reset the balance of power in the sector on completion of its 100,000 hectare plantation.