Archived News

31/08/2012 (Radio Australia) - New Britain Palm Oil has seen its profit for the first half of 2012, drop by well over half.

31/08/2012 (Shanghai Daily) - Nigeria is targeting 8 billion U.S dollars revenue from palm oil export under the Agriculture Transformation Agenda (ATA), a top government official said on Thursday.

31/08/2012 (Daily Times Nigeria) - The Ondo State Government has cultivated 800,000 improved varieties of oil palm seedlings in three agricultural villages to enhance palm oil production in the state.

31/08/2012 (Hindu Business Line) - Weak tendency remained in edible oils market on Thursday due to month-end eased demand. In ready market, the absence of fresh demand pulled down rapeseed oil by Rs 5 and cotton refined oil by Rs 3 for 10kg, while other edible oils such as groundnut oil, sunflower oil, palmolein and soya oil ruled steady with cautious mood.

31/08/2012 (Jakarta Globe) - Indonesia said it is ready to fight a complaint by European biodiesel producers of dumping in the European market if necessary, but will first ask EU regulators to clarify their allegations, trade ministry officials said on Friday.

31/08/2012 (Investors Chronicle) - Sliding palm oil prices forced earnings to slide at Anglo-Eastern Plantations (AEP) - even though the Indonesian producer sold more palm oil in the period than during last year's first half. Add that price attrition to currency headwinds, as well as to the rising cost of maintaining the group's estates, and near-term catalysts for a re-rating look hard to spot.

31/08/2012 (RenewableEnergyWorld.com) - For years Europe has encouraged motorists to use diesel over petrol in its efforts to cut carbon dioxide emissions. Now, as the focus switches to introducing renewable fuels, it is proving far easier to produce clean bioethanol to replace petrol than clean biodiesel, leaving Europe's renewable fuel targets looking vulnerable.

31/08/2012 (Biofuels Digest) - Distillates are petroleum products that includes diesel, jet fuel, and fuel oil. Renewable distillates may be categorized as substitutes or drop-in replacements. The most common distillate substitute is biodiesel, and drop-in replacements can be produced via hydrotreating or gasification plus Fischer-Tropsch (FT) technology.

30/08/2012 (Reuters) - Malaysian crude palm oil futures slipped to the lowest in nearly a fortnight, as traders booked profits with market focus shifting to rising stocks level in the world's second-largest producer.

30/08/2012 (Bloomberg) - Indonesia will cut its tax on exports of crude palm oil to 13.5 percent in September, the lowest rate this year, from 15 percent this month as prices of the commodity declined.

30/08/2012 (The Star) - Crude palm oil (CPO) futures fell on Wednesday, dragging plantation stocks and the 30-stock FBM KLCI lower, on speculation that the stockpile could have increased.

30/08/2012 (Bernama) - The chairman of the Malaysia-Pakistan Business Council, Datuk Mohamad Salim Fateh Din, has been awarded Tamgha-i-Imtiaz or Medal of Excellence by the Pakistan government in recognition of his effort in enhancing bilateral trade between Islamabad and Kuala Lumpur.