Archived News

12/06/2013 (Associated Press of Pakistan) - In absolute term the overall exports posted an increase of $ 818 million in the first ten months of the current fiscal yer over the same period last year.The Economic Survey of Pakistan 2012-13 released here Tuesday said that of this increase, 76 percent or US$ 621.8 million was contributed by textile manufactures while all other items increased by 24 percent or $196.2 million.This increase of $ 818 million was slashed due to a decline in exports of rice ($ 128.6 million).

12/06/2013 (The Star) - Crude palm oil (CPO) prices are expected to remain firm in the near term, as palm oil inventories continue to decline, buoying prices.

12/06/2013 (Bloomberg) - Indonesia, the world’s largest producer of tin and palm oil and the third-biggest coffee grower, is seeking the help of futures-exchange owner CME Group Inc. (CME) to expand domestic trading of commodities, according to Deputy Trade Minister Bayu Krisnamurthi.

12/06/2013 (Jakarta Post) - With Rp 4,000 trillion (US$405 billion) of planned investment before 2025, the Masterplan for the Acceleration and Expansion of Indonesian Economic Development (MP3EI) sounds extraordinary.

12/06/2013 (Proactive Investors UK) - Pan African agricultural group Agriterra increased revenues by more than 50% to US$20.8mln last year.

11/06/2013 (Reuters) - Malaysian palm oil futures edged lower on Monday as a fall in inventory levels missed expectations, although losses were capped by recovering demand for the edible oil.

11/06/2013 (Bloomberg) - Palm oil imports by India, the world’s largest buyer, probably jumped to the highest in three months in May as local supplies fell amid expanding demand.

11/06/2013 (Business Mirror) - A private research group here cautioned the government against turning Mindanao into a center of palm-oil production, saying this would directly threaten existing coconut plantations, the island’s major agriculture export crop.

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.