Archived News

05/09/2012 (AllAfrica.com) - The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has rejected proposals for his ministry to import crude palm oil into the country.

05/09/2012 (Solomon Star) - The government will hand over registered land titles to 10 tribes within the Auluta basin, east Malaita, this Friday.

05/09/2012 (Business Recorder) - Soyabean prices will cause a major swing in demand towards cheaper palm oil in coming months which in turn will push palm prices up, Hamburg-based oilseeds analysts Oil World said on Tuesday. "Global dependence on palm oil will rise significantly in the next 12 months to compensate (for) insufficient supplies of other vegetable oils," Oil World said. "We expect palm oil prices to recover owing to increased export demand."

05/09/2012 (NewsMaker) - SBS Dateline last night reported on the mission to rescue Critically Endangered orangutans left with nowhere to go on the Indonesian island of Sumatra due to large-scale dramatic deforestation for palm oil plantations. A huge swathe of destruction has occurred in the last 12 months in the Tripa Peat Swamp.

05/09/2012 (Reuters) - Malaysia palm oil futures closed lower on Tuesday after rising to their highest level in a week, as traders booked profits from a rally triggered by record high soybean prices.

05/09/2012 (Bernama) - Malaysia and Egypt aim to further strengthen trade ties in palm oil, construction, electrical and electronics, services and manufacturing sectors through a three-day visit by Egypt's senior presidential adviser, Hassan Malek.

05/09/2012 (Bloomberg) - Palm-oil use is expected to climb in the year through September 2013 to compensate for a shortage of other vegetable oils, Oil World said.

05/09/2012 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives ended the week lower due to profit taking and positions squaring activities ahead of the long weekend after the market rose sharply for the past two weeks.

04/09/2012 (Reuters) - Malaysian crude palm oil futures rose on Monday, following strong exports last month and after U.S. Federal Reserve chief Ben Bernanke kept the door open for further stimulus that could prop up global growth and support commodity demand.

04/09/2012 (Pattaya Daily News) - The Thailand palm oil industry is strongly urging the government to allow free-market retail pricing after the price-freezing ends this month. Palm oil producers and sellers are losing money since the fixed prices do not cover their costs, they said.

04/09/2012 (Borneo Post) - WWF-Malaysia shares the public’s concern about the perennial pollution problem in the Kinabatangan River, as highlighted in the local media on numerous occasions.

04/09/2012 (AllAfrica.com) - The Federal Government may have finally approved the crash of import duties on vegetable oil coming into the country at the peril of local producers of the commodity, THISDAY has learnt.