Archived News

29/12/2012 (AllAfrica.com) - Eighty one ships, including one laden with 5,000 tonnes of palm oil, are expected at the Lagos ports between Dec. 28 and Jan. 15, 2013, the Nigerian Ports Authority (NPA) has said.

29/12/2012 (Bernama) - Sarawak Oil Palms (SOP)' earnings will spring back in 2013, driven by lower fertilizer costs, says a research house.

28/12/2012 (Reuters) - Malaysian palm oil futures climbed to a five-week high on Thursday on expectations for stronger demand and as monsoon-driven floods in the country's key producing regions sparked concerns of supply disruptions.

28/12/2012 (Hindu Business Line) - Palmolein continued its bullish run tracking extended gain in Malaysian crude palm oil futures on Thursday. Soyabean, rapeseed and cotton oil dropped by Re 1, Rs 3 and Rs 4 each. Sunflower expeller refined oil dropped by Rs 10 on higher selling pressure.

28/12/2012 (Hindu Business Line) - Last month, Dorab Mistry, Godrej International’s director, called for a 10 per cent Customs duty on crude palm oil imports. This, he said, would help the country protect its farmers.

28/12/2012 (GlobalPost) - In rural villages here, the role of “stranger-father” holds a key place in traditional community life. An outsider wanting to move into a village must find such a person to introduce him to leaders and take responsibility for his behavior. As trust builds, the outsider may be allowed to put up a hut and plant subsistence crops. Eventually, he may become a recognized member of the community, sharing a customary right to the land where the villagers live and farm.

28/12/2012 (The Star) - Kulim (M) Bhd is confident of carving a new growth path in its palm oil and other non-core businesses once it exits the food and restaurant operations.

28/12/2012 (Bloomberg) - Palm oil rallied to the highest in eight weeks on speculation rising shipments will deplete record reserves from this month.

28/12/2012 (Pattaya Mail) - Palm planters in this southern province, successful in pressing for government intervention to elevate the price they receive for palm nuts, are encountering a new challenge – there are not enough palm oil refineries to buy their produce.

28/12/2012 (Bangkok Post) - The government will promote greater use of biodiesel instead of fuel oil to generate electricity in an attempt to absorb a surplus of palm oil, according to Deputy Prime Minister Kittiratt Na-Ranong.

28/12/2012 (The Star) - The Malaysian commodities industry has lost a champion and visionary with the passing of Tun Dr Lim Keng Yaik.

27/12/2012 (Reuters) - Malaysian palm oil futures rose to a one month-high in light trade on Wednesday with investors turning their focus to seasonal rains that could trigger floods and curb edible oil supply in Southeast Asia.