Archived News

07/07/2012 (The Star) - Fitters Group Bhd has secured a US$3.87mil (RM12.28mil) contract with PT United Kingdom Indonesia Plantations (UKINDO) for its green mill project.

07/07/2012 (Hindu Business Line) - Barring groundnut oil that ruled steady, most edible oils extended gain on Friday. Weak and erratic monsoon pushed up indigenous oil prices higher, while price hike by domestic refineries tracking strong the dollar making import costlier, led imported palmolein and soya oil to increase by Rs 6 and Rs 8 each for 10 kg. Domestic market rose despite decline in Malaysian palm oil and domestic futures. The undercurrent remains firm on weather-driven cues, said sources.

07/07/2012 (GhanaWeb) - Benso Oil Palm Plantation, BOPP has once again stood out as the best performing stock on the Ghana Stock Exchange in terms of returns to investors for second quarter of this year.

07/07/2012 (CNN) - Even if you've never visited Malaysia or Indonesia, it's likely that you've made contact with these countries through the chocolate bar you've just eaten or the soap you've just washed your hands with.

06/07/2012 (Reuters) - Malaysian crude palm oil futures rose to the highest in more than five weeks on Thursday, as investors anticipated a dry-weather rally would continue after U.S. markets reopened from a holiday.

06/07/2012 (Hindu Business Line) - Andhra Pradesh leads in oil palm cultivation in the country, but till now only the south coastal districts of East Godavari, West Godavari and Krishna were in the forefront. Now farmers in the north coastal districts are also taking to cultivation of the crop on a large scale. The Union Government is offering substantial subsidy on oil palm cultivation to reduce edible oil imports.

06/07/2012 (Ghana) - More than 2,600 farmers in the Western Region have been provided with 1.4 million oil palm seedlings to wean them off illegal mining activities which tend to degrade the environment and pollute water bodies. The move is part of a sustainable livelihood empowerment programme.The project, which was spearheaded by the Minerals Commission in the Western Region, covers areas such as Wassa Amoansa, Bogoso, Nsuta Nbease, Huni Valley and Haiman.

06/07/2012 (Business Recorder) - The Karachi Port handled 117,068 tonnes of cargo comprising 79,239 tonnes of import cargo and 37,829 tonnes of export cargo including 3,793 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 79,239 tonnes comprised of 24,376 tonnes of containerised cargo; 863 tonnes of general cargo; 11,300 tonnes of coal and 42,700 tonnes of oil/liquid cargo.

06/07/2012 (Bernama) - Since the launch of the Sabah Development Corridor (SDC) in 2008 and as of June 30 this year, Sabah has attracted planned and committed investments of RM112.8 billion.

06/07/2012 (Creamer Media's Engineering News) - Community-scale production of biodiesel from used oils and fats can effectively provide a high-value product to supplement local fuel use and form an additional revenue stream for farmers who produce oil-yielding crops, says UK biofuels company Green Fuels founder and CEO James Hygate.

06/07/2012 (Bernama) - The Government has identified the booming oil palm industry as one of the prime sectors to stimulate the economy and propel Malaysia into a high-income nation by 2020, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said Thursday.

06/07/2012 (B92) - The Indonesian government reached a decision on Thursday by which Serbia will become distribution center for Indonesian strategic raw materials.