Archived News

19/02/2013 (Wall Street Journal) - One of Malaysia's largest palm-oil plantation firms is quietly buying up farmland in Western Australia at a time when low prices and rising wages in Indonesia are squeezing profits for makers of the commodity, which is used to make margarine and cookies.

19/02/2013 (The Star) - Over the past five years, oil palm planters' cost of production (COP) has been on a steady rise.

19/02/2013 (Bloomberg) - Palm oil advanced for a second day on speculation that shipments from Malaysia, the second-largest producer, may increase this month as exporters boost sales before a tax increase in March.

19/02/2013 (The Star) - Australian senator Nick Xenophon has been accused of tarnishing Malaysia's image by questioning our electoral process and smearing the palm oil industry.

18/02/2013 (The Star) - Local processors of crude palm kernel oil (CPKO) are facing a big dilemma, no thanks to the export tax treatment on it.

18/02/2013 (Manila Standard Today) - A fund created to promote and protect the coconut industry has been importing palm cooking oil, which was being sold cheap in the local market and cause losses to coconut farmers, the minority bloc in the House of Representatives said on Sunday.

18/02/2013 (Borneo Post) - A participant of Salcra oil palm development scheme here, Majen Minos, said Anthony Nogeh Gumbek, the Sarawak Progressive Democratic Party (SPDP)-nominated candidate for Mas Gading in the coming general election, could help the government to bring more development into the industry if he were a member of parliament .

18/02/2013 (The Inquirer.net) - There is a potential controversy surrounding oil palm that could discourage domestic and foreign investments. If not nipped in the bud, it will have an impact on poverty reduction, particularly in Mindanao.

18/02/2013 (The Star) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives, which closed bearish last week, is expected to rebound this week on renewed demand.

18/02/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives ended the week lower due to improved weather conditions in South America and the increase in Malaysian export tax for crude palm oil.

18/02/2013 (Borneo Post) - Gold prices declined on Fri­day as the US Dollar Index (USDX) value recovered from falling trend.

18/02/2013 (SpyGhana.com) - The Liberian Palm Development Ltd., has appointed the African Export-Import Bank (Afreximbank) as advisor to help it secure a $140 million financing.