Archived News

31/07/2012 (Reuters) - Malaysian crude palm oil edged to a one-week high on Monday, tracking gains in broader financial markets on expectations the Federal Reserve and European Central Bank (ECB) will announce new measures to encourage growth, boosting commodity demand.

31/07/2012 (Reuters) - Average palm oil prices in Malaysia may hold their ground at 3,200-ringgit this year, a Reuters poll showed, supported by a squeeze in supplies of edible oil from the drought-hit U.S. Midwest and the brewing El Nino weather pattern.

31/07/2012 (The Guardian) - Unilever has announced it will reach its target of 100% certified sustainable palm oil covered by GreenPalm Certificates by the end of 2012, three years ahead of schedule. At the same time, we have set a new target of buying all our palm oil from traceable sources by 2020.

31/07/2012 (Business Recorder) - The Karachi Port handled 55,773 tonnes of cargo comprising 36,975 tonnes of import cargo and 18,798 tonnes of export cargo including 1,964 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 36,975 tonnes comprised of 12,889 tonnes of containerised cargo; 7,348 tonnes of general cargo; 10,538 tonnes of bulk cargo: 3,662 tonnes of DAP; 6,876 tonnes of rock phosphate and 6,200 tonnes of oil/liquid cargo.

31/07/2012 (Reuters) - Malaysia will increase shipping quotas for tax free crude palm oil by up to 2 million tonnes this year to help planters cope with higher output in the next few months, government sources said, as the world's No.2 supplier struggles to maintain its export momentum.

31/07/2012 (Business Times) - The government will increase the duty-free quota for crude palm oil (CPO) exports by another two million tonnes, a move which is widely frowned upon by palm oil downstream players.

31/07/2012 (The Nation) - The Cabinet yesterday approved the Finance Ministry's request to extend the deadline of car delivery under the government's policy for first-time car buyers to March next year. However, all first-time car buyers need to submit the required documents to the Excise Tax Department by the end of December. The buyers will also enjoy a tax refund if they hang on to the car for at least a year.

30/07/2012 (The Star) - Local plantation players say crude palm oil (CPO) is still fundamentally strong with the average price this year expected in the range of RM2,800 to RM3,000 per tonne.

30/07/2012 (Pattaya Mail) - The National Palm Oil Policy Committee has resolved to green light the import of more palm oil by next month.

30/07/2012 (The Star) - South-East Asia's palm oil, energy, construction, and automotive industries are playing a key role in cushioning the impact of the global slowdown on local manufacturing companies.

30/07/2012 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives plunged this week due to the forecast of improved weather condition in US and the resurfacing of the eurozone debt crisis.

30/07/2012 (The Philippine Star) - During the launching of the Food Staple Sufficiency Program (FSSP) at the World Trade Center in Pasay City last July 5, President Aquino took pride in the accomplishments of his administration towards national rice self-sufficiency.