Archived News

02/11/2012 (Reuters) - Malaysian palm oil futures climbed on Thursday as strong Chinese demand for soybeans fuelled expectations for more edible oil orders in coming weeks.

02/11/2012 (BigHospitality.co.uk) - The British Hospitality Association (BHA) has welcomed the Government’s recent commitment to achieve 100 per cent sourcing of credibly sustainable palm oil by the end of 2015, despite many charities and retailers labelling the target as ‘weak’.

02/11/2012 (Fox Business) - IOI Corp. Bhd. (1961.KU) will boost replanting efforts and improve agricultural practices to raise crop yields in the face of increasingly scarce land that is suitable for palm cultivation, Hidde van Kersen, the sustainability director at IOI Loders Croklaan, said Thursday.

02/11/2012 (Bernama) - The Malaysia External Trade Development Corporation (Matrade) is encouraging Malaysian exporters to look to the twin-island republic of Trinidad and Tobago for business opportunities.

02/11/2012 (Bernama) - Sabah needs good and adequate infrastructural support to attract more foreign investors to the state, says Yayasan Sabah Deputy Director Datuk Dr Johan Ariffin A. Samad. "In order to attract investors, Sabah needs to have certain things in place or guarantee, such as enough electricity, water, land and ports for export.

02/11/2012 (The Star) - CB Industrial Product Holding Bhd’s pretax profit increased to RM30.27mil for the third quarter ended Sept 30 this year, from RM21.11mil in the same period last year.

02/11/2012 (Link2Portal) - A policy U-turn by the European Commission, on the indirect effects on land use and greenhouse gas emissions caused by biofuels, has managed to upset almost all parties.

02/11/2012 (Bloomberg) - Palm oil climbed the most in more than a week after improved manufacturing data from China buoyed speculation that the economy is picking up in the second-largest buyer, lifting commodity prices.

02/11/2012 (Jakarta Globe) - The Roundtable on Sustainable Palm Oil has often been met with resistance, suspicion and lack of government support in Indonesia since its establishment in 2001. But former Indonesian Agriculture Minister Bungaran Saragih believes this will change within five years.

02/11/2012 (Tax-News.com) - Indonesia has reduced the export tax on crude palm oil (CPO) from 13.5% to 9%.

02/11/2012 (4-traders) - The rising demand for personal care products is triggering greater demand for crude palm oil by local manufacturers in Ghana. Due to local production being unable to keep pace with escalating demand, Ghana remains a net importer of palm oil. Similarly, Nigeria, is also still a net importer of palm oil, despite being the 3rd largest producer of palm oil globally.

02/11/2012 (Food Ingredients First) - In The food and drink industry, the UK's largest manufacturing sector, has signed up to a national statement pledging to work with other industries with the stated ambition of sourcing 100% sustainable palm oil by 2015. Food and Drink Federation (FDF) members recognise the need for collaborative efforts between sectors to support and promote this common aim.