Archived News

30/07/2012 (AllAfrica.com) - Deputy Minister for Agriculture, Food and Cooperatives, Mr Adam Malima, has said plans are afoot to increase production of palm and sunflower oil locally in a bid to reduce importation of edible oil.

30/07/2012 (Borneo Post) (30/07/2012) - The latest refinery in Malaysia was commissioned a few weeks ago in Bintulu, and it belongs to Sarawak Oil Palm Bhd, which has not owned a refinery before.

30/07/2012 (Philippines Star) - Malaysia, an economy that is expanding from its agricultural and manufacturing roots, is exploring opportunities in the services sector and is intent on pursuing opportunities in emerging segments such as biotechnology, and technology and design.

30/07/2012 (Business Times) - Competition bettween trading countries may not give you heart-pounding moments like the fierce sporting events taking place at the Olympics London 2012 but it tells you one thing.

30/07/2012 (Business Recorder) - The Karachi Port handled 146,130 tonnes of cargo comprising 109,813 tonnes of import cargo and 36,317 tonnes of export cargo including 4,154 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 109,813 tonnes comprised of 36,520 tonnes of containerised cargo; 1,959 tonnes of general cargo; 26,530 tonnes of bulk cargo and 44,804 tonnes of oil/liquid cargo.

28/07/2012 (Reuters) - Malaysian crude palm oil bounced up on Friday from a five-week low hit the previous day after the European Central Bank pledged to protect the euro zone in comments that helped risk assets.

28/07/2012 (Bloomberg) - Palm oil advanced, paring a third weekly decline, on speculation that central banks will act to spur economic growth, increasing demand for commodities.

28/07/2012 (Bangkok Post) - The National Palm Oil Policy Committee has agreed to import 30,000 tonnes of crude palm olein (CPO) to solve supply issues that could lead to price increases for the cooking product.

28/07/2012 (Bernama) - Some 80,000 hectares of land in Baram and Belaga districts will be developed into oil palm plantations following a joint-venture agreement signed between the state Land Consolidation and Development Authority (LCDA) and private developer Samling Oil Palm Sdn Bhd and Samling Properties Sdn Bhd here Friday.

28/07/2012 (Bernama) - Plantation company, Kim Loong Resources Bhd, has allocated about RM10 million for research and development (R&D) to drive its downstream business forward.

28/07/2012 (Jakarta Post) - Global demand for Indonesian palm oil grew at a steady rate in the first half of this year, as shown by an 8 percent growth in export volume to 7.91 million metric tons, easing off fears that the price of the commodity would continue to slump amid weakening global demand.

28/07/2012 (Ghana Business News) - Ecobank Capital, the investment banking arm of Ecobank, on July 25, 2012, announced it has successfully raised, in FCFA and Euro equivalent, the sum of $228 million required to close the first tranche of a loan syndication on behalf of Olam Palm Gabon (OPG), a joint venture between Olam International and the Gabon government.