Archived News

24/10/2012 (The Star) - Indonesia, the world's top palm oil producer, may cut its export tax for crude palm oil to 10.5 percent for November, from 13.5 percent for October, an industry group said on Tuesday.

24/10/2012 (Hindu Business Line) - The edible oils market witnessed a firm trend on Tuesday on expectation of higher demand ahead of Diwali. The volume was lower as stockists have covered sufficient quantity previous day.

24/10/2012 (Borneo Post) - SCD Biotech Sdn Bhd (SCD Biotech) has come to the fore in the region as a proponent of all-natural organic technology to address environmentally friendly waste management solutions in industrial, commercial and residential environments.

23/10/2012 (Reuters) - Malaysian palm oil futures rose to their highest in more than three weeks on Monday, boosted by rising exports which investors said may help ease record stocks in the world's No.2 palm oil producer.

23/10/2012 (The Star) - During the colonial days, the basic rule of thumb among estate operators was to undertake 5% replanting activities annually, regardless of whether the price of the crop was north or south-bound.

23/10/2012 (Business Standard) - Edible oil industry officials anywhere in the world will always be awaiting cues about production, inventory and prices from Godrej International Director Dorab E Mistry, for he has the knack of coming up trumps on most occasions. Hardly anyone would mind Mistry being self-congratulatory about his production model for palm oil where Indonesia and Malaysia, in that order, have a domineering presence.

23/10/2012 (Business Mirror) - Improved government and much attention given to the Autonomous Region in Muslim Mindanao (ARMM) netted for it P10.736 billion in investments as of its latest monitoring.

23/10/2012 (Business Recorder) - The Karachi Port handled 136,989 tonnes of cargo comprising 109,267 tonnes of import cargo and 27,722 tonnes of export cargo including 4,575 loaded & empty containers during the last 24 hours ended at 0700 hours on Monday. The total import cargo of 109,267 tonnes comprised 38,445 tonnes of containerised cargo; 1,259 tonnes of general cargo; 3,890 tonnes of DAP and 65,673 tonnes of oil/liquid cargo.

23/10/2012 (Bernama) - A total of 219 palm oil mills in Sabah were issued with compounds for violating the Environmental Quality Act 1974 up to this month, involving a total of RM158,050 in fines.

23/10/2012 (Bernama) - OSK Research views positively the increase in Malaysia's palm oil shipment for the first 20 days of October as it represents significant month-on-month growth in the light of the current pessimism in demand.

23/10/2012 (Postnoon) - At 13 kg per annum, India’s per capita consumption of edible oils is below the global average of 20 kg — offering a great potential for growth.

22/10/2012 (Reuters) - Malaysian palm oil futures rose on Friday, with market players confident of a recovery in demand thanks to strong Malaysian exports in the first half of the month and a major festival next month.