Archived News

02/06/2012 (Bangkok Post) - Pressure from rising prices of cooked food and fresh produce pushed up May inflation 2.53% year-on-year, says the Commerce Ministry.

01/06/2012 (Reuters) - Malaysian palm oil futures slipped to near a one-week low on Thursday and notched their biggest monthly loss since September 2009 as they tracked a wide sell-off in commodities due to worries over the effect of the euro zone debt crisis on the global economy.

01/06/2012 (Hindu Business Line) - India's $16-billion vegetable oil industry is agog with rumours of an imminent increase in customs duty on imported vegetable oils. For over a year now, industry and trade associations have been flooding the Government with numerous representations to raise the customs duty on imports or to at least revise the tariff value of refined palmolein upwards to reflect market conditions; but policymakers have remained unmoved.

01/06/2012 (WorldPressOnline) - Kao Corporation (President and CEO: Motoki Ozaki) is pleased to announce that its Kashima Plant passed the requisite screening and was recognized RSPO*1 SCCS*2 certification in March 2012, which certifies that the plant is capable of producing, processing, and marketing products that use sustainable palm oil.

01/06/2012 (Bernama) - Felda settlers will definitely get priority in the listing of Felda Global Ventures Holdings (FGVH) when over 70 per cent of the retail shares offered for public listing are allocated for the settlers, Felda staff and individuals who have contributed to the organisation.

01/06/2012 (Bernama) - Minister of Plantation Industries and Commodities, YB Tan Sri Bernard Dompok will be leading a palm oil, rubber, timber and kenaf working visit to India from 3 to 8 June 2012. The delegation comprises Malaysia Palm Oil Board (MPOB), Malaysia Palm Oil Council (MPOC), Malaysia Rubber Export Promotion Council (MREPC), Malaysia Timber Council (MTC), National Kenaf and Tobacco Board (LKTN) and private sectors.

01/06/2012 (Jakarta Globe) - Unilever, one of the world’s top producers of consumer goods, plans to build a manufacturing factory in Sumatra to create an export base for its palm oil products.

31/05/2012 (Bloomberg) - Palm-oil shipments from Indonesia, the world’s largest producer, are poised to advance 9 percent this month as importers increase purchases before the Muslim fasting season of Ramadan starts in July.

31/05/2012 (Reuters) - Malaysian palm oil futures snapped a four-day rally on Wednesday, falling more than 2 percent as euro zone debt jitters weighed on prices, although losses were capped by expected demand ahead of the Muslim fasting month of Ramadan in July.

31/05/2012 (Bernama) - Sime Darby Bhd's shares on Bursa Malaysia rose four sen, or 0.42 per cent, to RM9.64 as at 3.43 pm today after posting a good nine-month period financial result Wednesday.

31/05/2012 (Bernama) - Conglomerate Sime Darby Bhd is optimistic it will outperform its previous financial performance bolstered by better showing by its plantation, industrial and property divisions.

31/05/2012 (Bernama) - MYBiomass Sdn Bhd, a unit of the Malaysian Industry-Government Group for High Technology (MIGHT), has shipped 12 tonnes of oil palm biomass to a pilot plant in Italy which converts the raw material into industrial sugar.