Archived News

06/06/2012 (Bloomberg) - Palm-oil inventories in Malaysia, the second-biggest supplier, probably dropped to the lowest level in more than a year in May, potentially curbing a 19 percent slump in prices of the commodity used in candy bars and biofuels.

06/06/2012 (Reuters) - Malaysian palm oil futures rebounded on Tuesday, tracking a recovery in overseas markets, as investors looked to policymakers for new action to tackle the euro zone's debt crisis.

06/06/2012 (Bernama) - Malaysia, the world's second largest palm oil producer, will help India with its cultivation of oil palm, said Minister of Plantation Industries and Commodities, Tan Sri Bernard Dompok.

06/06/2012 (Jakarta Post) - An environmental group has accused Central Kalimantan Governor Agustin Teras Narang of issuing a recommendation for a palm oil company to open a plantation in a primary forest in Pulang Pisau regency, a move that could be in violation of a forest-clearing moratorium agreed upon in a deal signed by the Indonesian and Norwegian governments.

06/06/2012 (AllAfrica.com) - The Liberian Government has received a US$15 million credit from the World Bank to increase access to finance, inputs, technologies and markets for smallholder tree crop farmers in Liberia, and to develop a long term development program for the tree crops sector. This Smallholder Tree Crops Revitalization Support Project (STCRSP) would be implemented over a period of four years in several districts of Liberia's main tree crop producing counties.

06/06/2012 (Business Recorder) - C.V Maersk Kingston carrying containers was allotted berth at Port Qasim International Containers Terminal on Monday last.

06/06/2012 (Mongabay.com) - One of the world\'s largest palm oil companies has become the first to identify and disclose high carbon forests and peatlands in its concessions.

06/06/2012 (Jakarta Globe) - Indonesia is seeking to expand its footprint in the Russian crude palm oil market, saying there remains a large opportunity to tap the country, where only 2 percent of Indonesia’s CPO is currently exported.

06/06/2012 (Bernama) - Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok, who is on a five-day working visit to India, had a fruitful meeting with Indian Finance Minister Pranab Mukherjee with whom he discussed key issues involving both countries.

06/06/2012 (Bernama) - Malaysia's total trade increased 3.2 per cent in April 2012 to RM107.97 billion from the same month last year, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today.

06/06/2012 (Hindu Business Line) - Imported palmolein declined further by Rs 4 for 10 kg on Tuesday, taking its total loss to Rs 15 in the last four days on limited demand and bearish foreign markets. Groundnut oil rose by Rs 5, tracking steady improvement in Saurashtra market. Soya oil, sunflower oil, rapeseed oil and cotton oil rule unchanged on steady trend at producing centres.

06/06/2012 (Financial Express) - Bangladesh is expecting to boost its exports of garment and pharmaceutical products to Malaysia once a free trade agreement (FTA) is signed between the two countries, officials said on Tuesday.