Archived News

29/01/2013 (The Star) - With a RM432mil budget allocation for an aggressive oil palm planting and replanting drive this year, efforts to replant the country\'s ageing oil palm estates are certainly a top priority to address the current high palm oil stock situation.

29/01/2013 (Business Recorder) - The European vegetable oils market was mostly firmer on Monday in thin trade due to lack of fresh leads and the absence of direction from Malaysian palm oil futures due to a public holiday.

29/01/2013 (Jakarta Globe) - The parent of Indonesia\'s biggest private oil firm, Medco Energi, is in talks to buy oil and gas blocks in the Middle East and North Africa and aims to list its palm oil unit, a top executive said on Tuesday.

29/01/2013 (Bloomberg) - Palm oil shipments from Indonesia, the world’s largest producer, fell for the first time in three months in December as demand from China and Europe tumbled, a growers’ group said.

29/01/2013 (Bloomberg) - China’s oilseed and vegetable oil imports are forecast to climb to a record in 2012-13, boosted by demand for soybeans and palm oil, according to Oil World.

28/01/2013 (The Star) - Palm oil exports from Indonesia, the world\'s top producer, rose 39 percent to 1.978 million tonnes in November compared to the previous month, industry data showed on Monday.

28/01/2013 (Business Mirror) - Environmental groups have expressed their opposition to the government’s plan to convert Mindanao’s grasslands and marshlands into palm-oil plantations, fearing its potentially adverse impact on the environment and people.

28/01/2013 (BusinessDay) - Two key ministries, Trade and Investment, and Agriculture and Rural Development, anchoring government’s transformation agenda, are now enmeshed in conflict over tariff on imported crude palm oil (CPO), BusinessDay has gathered.

28/01/2013 (mydigitalfc.com) - Palm oil declined after India implemented higher taxes on crude imports and data showed that shipments this month from Malaysia remained below December’s pace, boosting concern stockpiles will remain near a record.

28/01/2013 (Borneo Post) - The US Dollar Index (USDX) weakened on Friday af­ter the European Central Bank (ECB) said the borrowing banks would pay back more than forecast in coming week, hence spiking the euro value.

28/01/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives end­ed the week higher, supported by weather concern in South America and firm soybean oil prices.

28/01/2013 (Hindu Business Line) - Edible oils prices witnessed a weak trend on Monday on lack of retail demand and close of Malaysian palm oil futures markets. Domestic soyabean oil March-April futures dropped by Rs 7 on speculative selling.