Archived News

10/12/2012 (Borneo Post) - The US payroll released on Friday indicated 146,000 gain in November and jobless rate at four-year record low 7.7 per cent. Oil fluctuates as dollar rose last week while remaining strong above 80.00 levels. Gold was weakening due to lesser import from China until it bounced up on Friday from better US figures. Eurozone debt remains worrisome and cut demand for commodity prices.

10/12/2012 (Pattaya Mail) - Oil palm planters in Thailand’s southern provinces have threatened to protest if the government fails to help boost the price of palm oil, which has dropped to Bt2.90 per kg, its lowest in seven years.

10/12/2012 (Jakarta Post) - Local palm oil exporters will face no barriers in entering the French market after the French senate rejected a proposal that would have quadrupled import taxes on the commodity, Deputy Trade Minister Bayu Krisnamurthi said on Sunday.

10/12/2012 (Phys.Org) - The roar of chainsaws has replaced birdsong, the once-lush, green jungle scorched to a barren grey. The equivalent of six football pitches of forest is lost every minute in Indonesia.

10/12/2012 (Business Times) - Palm oil exports from Indonesia, the world's largest producer, will probably drop to the lowest level in five months in December as a global economic slowdown curbs demand, according to a Bloomberg survey.

08/12/2012 (Mongabay.com) - Animal fats and margarine consumption in the United States have been largely replaced by palm oil, a plant-based oil that has similar cooking properties, but may not be as environmentally-friendly as commonly believed, argues a researcher in this week\'s issue of Nature.

08/12/2012 (eco-business.com) - Veteran carbon entrepreneur Dorjee Sun has launched a new company that seeks to turn palm oil waste into useful fertiliser, which helps the industry reduce its environmental impact even as it reduces costs.

08/12/2012 (Live Trading News) - Malaysia’s exports contracted by 3.2% in October from a year earlier, a bit worse than market expectations, as the protracted eurozone debt crisis and the slowing economies of India and China squeezed demand for electronics and Palm Oil.

08/12/2012 (Business Recorder) - The Karachi Port handled 96,733 tonnes of cargo comprising 71,516 tonnes of import cargo and 25,217 tonnes of export cargo including 5,705 loaded & empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 71,516 tonnes comprised 34,716 tonnes of containerised cargo; 7,558 tonnes of general cargo and 29,242 tonnes of oil/liquid cargo.

08/12/2012 (Hindu Business Line) - Food Minister K V Thomas today said the Government has no immediate plans to hike import duty on edible oils even as the industry has expressed concern over cheap imports of vegetable oil affecting oilseeds farmers.

08/12/2012 (Bloomberg) - World food costs slipped for a second month in November as prices for oilseeds and cooking oils as well as sugar fell to the lowest in two years, the United Nations' Food & Agriculture Organisation said

08/12/2012 (Reuters AlertNet) - Experts on the sidelines of the UN climate conference in Doha are weighing in on whether Indonesia should extend its two-year ban on the issuance of new forestry concessions in order to give the country a chance to meet its emissions reductions goals by 2020.