Archived News

10/11/2012 (Jakarta Post) - Indonesia, the world’s largest palm oil producer, expects to see investment of up to US$2 billion in the downstream industry over the next three years, a move that will spur the growth of a wide range of oleochemicals and refined products, an industry association says.

10/11/2012 (The Star) - Exports in September unexpectedly rose despite the volatile global economic environment, with shipments of electrical and electronic products supporting growth.

10/11/2012 (Selangor Times) - Ukraine will be promoting Selangor as an investment destination for palm-oil based manufacturing industries.

10/11/2012 (The Star) - Singapore palm oil firm Wilmar International Ltd beat forecasts with a 26% rise in third-quarter net profit, helped by its sugar business and a rebound at its oilseeds and grains unit after two quarters of losses.

10/11/2012 (Jakarta Post) - Indonesia, the world’s biggest palm oil producer, should cut tax on exports to preserve its market share and counter the impact of lower tariffs proposed by Malaysia, a growers’ group said.

10/11/2012 (Guardian) - During a heated debate at the European Development Days, I learned that increased greenhouse gas emissions and diminishing food security are the main concerns in Europe about biofuels. From my perspective, however, violations of people's fundamental rights deserve equal attention. Last month, when the European commission (EC) announced stricter rules on biofuels, I was in Brussels to discuss these rules with representatives of the commission, the ethanol industry and NGOs.

09/11/2012 (Bernama) - Crude palm oil (CPO) prices are expected to recover in the first quarter of next year from the current level of RM2,300 per tonne, said Felda Global Ventures Holdings Bhd (FGV) Group President, Datuk Sabri Ahmad.

09/11/2012 (Reuters) - Malaysian palm oil futures fell to their lowest in more than a month on Thursday, tracking losses in global markets caused by renewed worries that economic woes in the United States and Europe could hurt commodity demand.

09/11/2012 (Reuters) - French food makers on Thursday denounced a proposed fourfold tax increase on palm oil in food, saying that if it was damaging to health it should be banned, not taxed.

09/11/2012 (Bloomberg) - Palm oil, the world’s most-consumed cooking oil, must decline about 6 percent in the next few weeks to attract buyers and clear record inventories, according to Dorab Mistry, director at Godrej International Ltd.

09/11/2012 (Bloomberg) - Palm oil exports from Indonesia, the world’s largest producer, will probably climb 13 percent this month to the highest level since January as lower prices and taxes spur importers to boost purchases.

09/11/2012 (Borneo Post) - A suggestion to impose a moratorium on further expansion of oil palm plantations within the Heart of Borneo (HoB) was recently heard during the HoB International Conference.