Archived News

28/02/2013 (Bloomberg) - Sime (SIME) Darby Bhd., the world’s biggest listed palm-oil producer, reported a 36 percent drop in second- quarter profit as prices of the commodity slid last year.

28/02/2013 (Reuters) - Felda Global Ventures Holdings Bhd, which posted a 39 percent drop in net profit for the financial year ended December 31 (FY12), is evaluating at least 12 potential acquisitions that could help boost future earnings.

28/02/2013 (Liverpool Daily Post) - A palm oil producer is doubling capacity at its Bootle refinery plant, it revealed today.

28/02/2013 (TEMPO Interactive) - The Trade Ministry has raised the tax on crude palm oil (CPO) export to 10.5 percent from 9 percent previously following a surge of international market prices of the commodity.

28/02/2013 (TEMPO Interactive) - The government has rejected calls to reduce the export tax rate on crude palm oil (CPO) regardless of a lower rate imposed by Malaysia, the world\'s second largest exporter of the commodity after Indonesia.

28/07/2013 (Pakistan Observer) - Edible oil import in the country during the first seven months of current financial year registered decreasing trend as import of palm oil slipped by 16.16 percent as compared to the same period of last Fiscal Year. According to the data of Pakistan Bureau of Statistics (PBS) palm oil import in the country during July-January, 2012-13 stood at 125,729 metric tons valuing US$ 46.68 million which was recorded at 1,275,921 metric tons in same period of last year.

28/02/2013 (India Times) - Cooking oil imports by India, the world\'s biggest palm oil buyer, will probably climb to a record this year as demand outstrips supplies, said Adani Wilmar Ltd. Purchases in the year through October are set to exceed the 9.98 million tonne in 2011-2012, according to Atul Chaturvedi, chief executive officer of the country\'s second- biggest importer.

27/02/2013 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) full-year profit before tax for financial year ended Dec 31, 2012 after fair value changes in Land Lease Agreement (LLA) liability hits RM1.126 billion.

27/02/2013 (Bernama) - The Malaysian Palm Oil Board (MPOB) has approved 2,432 applications from smallholders for the planting of new oil palm (TBSPK) in Sabah involving a total area of 8,439.58 hectares.

27/02/2013 (Bloomberg) - Palm oil climbed for the first time in six days on speculation that stockpiles in Malaysia may drop from a near record as India, the world’s biggest importer, boosts purchases to an all-time high this year.

27/02/2013 (3news.co.nz) - A group calling for the Government to require mandatory labelling of palm oil products is set to launch a petition with the help of the Green Party.

27/02/2013 (Eco-Business.com) - Palm oil is a widely-used commodity across the globe, especially in Asia Pacific. Major producers of palm oil include Malaysia and Indonesia, where a range of businesses from smallholder farmers to big corporations depend on it for livelihood. But palm oil development has been linked to deforestation and loss of wildlife in many parts of Southeast Asia. Here, UK food expert Kurt Berger gives an insight into the popular commodity.