Archived News

08/06/2012 (Bloomberg) - Cooking oil imports by India, the world’s second-biggest consumer, may climb 15 percent this year as a drop in local oilseeds harvest reduces supplies, according to GG Patel & Nikhil Research Co.

08/06/2012 (Reuters) - Palm oil stocks in Malaysia, the world's second biggest producer, are likely to fall further in coming months due to the Ramadan festival after they may have dropped below the 1.86 million tonnes touched in April, a trade body executive said on Thursday.

08/06/2012 (Bernama) - Tax issue in the palm oil industry is one of the subjects in the plan to be presented to the cabinet but whether there will be a change is up to the government, Minister of Plantation Industries and Commodities, Tan Sri Bernard Dompok said.

08/06/2012 (Bernama) - Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.

08/06/2012 (Bernama) - The listing of Felda Global Ventures Holdings Bhd is a remarkable success story and Malaysian Prime Minister, Datuk Seri Najib Tun Razak, should be congratulated for his tenacity and determination in driving it, says Godrej International Ltd's director, Dorab Mistry.

08/06/2012 (Business Standard) - The price of crude palm oil (CPO) is likely to decline by 10 per cent from the current level, owing to macroeconomic concerns, according to Dorab Mistry, director of London-based Godrej International.

07/06/2012 (Reuters) - Malaysian palm oil futures extended gains on Wednesday, as investors bet on rising Asian demand for the edible oil, although caution prevailed, inspired by concerns the euro zone crisis will crimp economic growth and commodity demand.

07/06/2012 (Bloomberg) - Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years, according to the country’s Labor Ministry.

07/06/2012 (Jakarta Globe) - Sinar Mas Agro Resources and Technology, a plantation unit of Sinar Mas Group, plans to boost the capacity of its refinery production to tap into demand for edible fat.

07/06/2012 (Jakarta Globe) - Indonesia’s mining, plantation and forestry sectors said they were committed to implementing sustainable development practices at a stage-setting seminar on environmentally-conscious development on Wednesday.

07/06/2012 (The Express Tribune) - The government is likely to face a tough time as a parliamentary panel discussing next year’s budget and the entire business community have opposed 1% tax on all types of manufacturing.

07/06/2012 (Bernama) - The private sectors in Malaysia and India should redefine the business approach in the industry by forming partnerships and strategic alliances to discover new avenues to expand the edible oil and palm oil businesses.