Archived News

25/10/2012 (Bloomberg) - Palm oil advanced to the highest level in almost four weeks after China reported increased imports, estimates from Malaysia showed rising shipments and analysts including Oil World forecast a rally.

25/10/2012 (The Star) - Pakatan Rakyat should stop making wild allegations that the Government’s treatment of sugar tycoon Robert Kuok was a factor which hampered Malaysia’s unsuccessful palm oil deals with China, said Deputy Commodities and Plantation Industries Minister Datuk Hamzah Zainuddin.

25/10/2012 (Borneo Post) - The Industrial Development Ministry is targeting RM3.883 billion investment with 2,183 jobs in the state by next year, said its minister Datuk Raymond Tan.

25/10/2012 (Reuters) - Palmci posted a mid-year net profit of 21.76 billion CFA francs ($43.01 million), down 21 percent from a year earlier, the natural palm oil producer said on Wednesday.

25/10/2012 (EON: Enhanced Online News) - The Initiative for Public Policy Analysis (IPPA), the Nigeria-based public policy think-tank, and leading African economists wrote today to the chief executives of Casino, System U, Jacquet and Lays in support of the legal complaint before the Tribunal de Commerce de Paris by the Inter-professional Association of Oil Palm Industry (AIPH) of Cote d'Ivoire against System U for their inflammatory and harmful campaign against palm oil. The untruths leveled by these companies against palm oil is having harmful effects on small farmers across Africa and Asia – and it will affect the livelihoods and life chances of hundreds of thousands of low-income farmers.

25/10/2012 (India Times) - Malaysian palm oil exports to India are likely to touch a record high of over two million tonnes (mt) in calendar 2012. "Due to the export duty cut announced by Malaysia from January 1, we believe it would prompt India to buy more palm oil from us next year. The figure may touch 2mt this year," said Lee Yeow Chor, chairman, Malaysian Palm Oil Council (MPOC).

25/10/2012 (Bernama) - Total investments in the Sabah Development Corridor (SDC) reached RM114.045 billion from 2008 to Sept 30 this year, said Chief Minister Datuk Seri Musa Aman.

25/10/2012 (Bernama) - Felda Global Group has reiterated that Felda buys fresh fruit bunches (FFB) from its settlers at current market price, and not as alleged by an opposition lawmaker.

24/10/2012 (Bernama) - Senior Malaysian and Indonesian officials will meet early next month to discuss areas of cooperation for the oil palm sector, said Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok.

24/10/2012 (Reuters) - Malaysian palm oil futures fell on Tuesday as investors booked profits after the previous session's three-week high on worries that October's stronger-than-expected exports were not enough to trim record high stocks in the world's No.2 producer.

24/10/2012 (Bernama) - Sabah has targeted investment inflows of RM3.883 billion next year which is expected to generate 2,183 job opportunities.

24/10/2012 (The Star) - Palm-oil prices are set for a “pronounced recovery” as global demand for vegetable oils outpaces consumption, Oil World said.