Archived News

27/06/2012(Borneo Post) - The Department of Environment (DoE) will control and monitor the disposal of scheduled wastes generated by palm oil plantations, starting with Miri in September.

27/06/2012 (Bernama) - The initial public listing (IPO) of Felda Global Ventures Holding (FGVH) on 28 June is another cornerstone in the agency's continuous transformation process.

27/06/2012 (Bernama) - The world's second largest initial public offering (IPO), Felda Global Ventures Holdings Bhd's (FGVH) share price is expected to exceed RM5 upon listing on Thursday, an analyst says Tuesday.

27/06/2012 (Jakarta Post) - Publicly listed palm oil company PT BW Plantation (BWPT) would open next month its third palm oil mill in Central Kalimantan with a refining capacity of 35 tons an hour and has allocated Rp 90 billion (US$9.4 million) for new land acquisition for plantation expansion.

26/06/2012 (MarketWatch) - Malaysia's palm oil exports during the June 1-25 period were up 8.8% from the same period in May at 1.21 million metric tons, cargo surveyor SGS (Malaysia) Bhd. said late Monday.

26/06/2012 (Reuters) - Malaysian crude palm oil futures closed higher on Monday on hopes demand for the tropical oil would get a boost as dry weather in the United States curbs supply of competing soybean oil.

26/06/2012 (Times of India) - Indian government and industrialists may be speaking on sustainable growth and raising a voice for a greener world at the UN conference on Environment and Development at Rio, but their palm oil import practices tell another tale. A report released on Tuesday by Greenpeace, an environment NGO, shows that many Indian companies source palm oil, an essential ingredient in food products and soaps, from an Indonesian production firm, known for its environmental malpractices. The Indonesian palm oil giant supplies the oil to a big importer in India, which in turn sources it to major food and beverage companies. The Indonesian company has almost 1.5 lakh hectares of palm oil plantation area which it has extensively deforested, said a report released by Greenpeace.

26/06/2012 (Reuters) - Indonesia, the world's top palm oil producer, will cut its export tax for crude palm oil to 15 percent in July from 19.5 percent for June, a trade ministry official said on Monday.

26/06/2012 (Pakistan Observer) - Consul General of Indonesia Rossalis Rusman Adenan has said that Indonesia-Pakistan Preferential Trade Agreement will be enforced by July 2012 and Indonesian Commerce Minister is visiting Pakistan next month to meet his counterpart and discuss about the implementation of PTA.

26/06/2012 (Hindu Business Line) - Dry - Unfavourable weather and concerns about ongoing Kharif crop sowing in main producing states Madhya Pradesh, Gujarat and Maharashtra boost edible oil prices on Monday. Rainfall in India has been 24 percent below average so far this season. The physical market has also been taken support from dry weather in the U.S., which pushed up Chicago and Malaysian futures markets higher. In Mumbai imported Palmolein rose by Rs.8. Soya refined oil, Sunflower oil and cotton refined oil increase by Rs.15 each for 10 kgs. Groundnut and rapeseed oil were steady. Malaysian BMD crude Palm oil closed higher by 77, 74, 77 ringgits a tone on weather concerns and higher demand.

26/06/2012 (Borneo Post) - Buoyant crude palm oil (CPO) prices provided strong support for Sarawak Oil Palms Bhd (SOP) for the financial year 2011 (FY11), registering a revenue of RM1.16 billion – a 60.2 per cent increase from the previous year’s RM728.1 million.

26/06/2012 (Bernama) - The Rubber Industry Smallholders Development Authority (Risda) and Felcra Berhad have planted 282,966.54 hectares of land in the peninsula with oil palm and rubber.