Archived News

18/05/2012 (Reuters) - Shares in cooking palm oil producer Lam Soon (Thailand) gained as much as 10.3 percent to their highest in almost a year after a report that it was among a list of firms receiving allocation of the government's low price crude palm oil import.

18/05/2012 (AllAfrica.com) - In Sierra Leone, palm oil is an essential cooking ingredient.

18/05/2012 (Reuters) - Shares in cooking palm oil producer Lam Soon (Thailand) , which gained as much as 10.3 percent to its highest in almost a year, retreated slightly to be up 4.4 percent at 4.24 baht ($0.13) as the company's comments eased profit hopes.

18/05/2012 (The Guardian) - Papua is one of the last great frontier wildernesses. Its vast rainforests and coral rich waters are home to more than 250 indigenous tribes, the most linguistically diverse population on Earth. But it is also the scene of a brutal and under-reported conflict.

18/05/2012 (Biodiesel Magazine) - The government of Colombia is touting the greenhouse gas (GHG) savings associated with its biofuel production. A notice posted to the Colombia Ministry of Mines and Energy’s website stated that biodiesel produced from the country’s palm oil, and ethanol made from its sugarcane, can achieve GHG reduction rates of 83 and 74 percent, respectively. According to information published by the ministry, these ratings could allow Colombia to become a world leader in biofuels production while meeting high environmental and social sustainability standards. It is not clear whether GHG emissions associated with indirect land use change (ILUC) were addressed in the life-cycle assessment that was performed.

18/05/2012 (Business Recorder) - The Karachi Port handled 92,565 tonnes of cargo comprising 49,055 tonnes of import cargo and 43,510 tonnes of export cargo including 3,496 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday.

18/05/2012 (EnergyBoom) - As governments roll out public policy directing increased biofuel production for all sectors of the transportation industry, serious questions around environmental sustainability still remain.

18/05/2012 (Bernama) - East West One Consortium Bhd has launched the East West One Planter's Scheme which guarantees an average annual return of between eight and 10 per cent for short term investments of six to eight years.

18/05/2012 (Bernama) - State government- owned company TDM Bhd remains positive on its plantation division's performance this year despite the lower forecast for crude palm oil (CPO) production and CPO prices compared to last year, said chief executive officer Badrul Hisham Mahari.

18/05/2012 (GhanaWeb) - As part of efforts to encourage farmers benefiting from the “Sustainable Community Empowerment and Economic Development Programme (SEED)" on oil palm farming, Abosso Goldfields Limited (AGL)- Damang mine, has rewarded 250 farmers for their hard work.

17/05/2012 (Bloomberg) - Malaysia, the world’s second-largest palm-oil producer, needs to reform the industry’s tax structure to counter new rates in Indonesia that improved the competitiveness of refiners there, according to a trade group.

17/05/2012 (Bloomberg) - Palm oil slumped the most in more than 14 months as concern that Europe’s debt crisis will worsen with the possible exit of Greece from the euro zone cut demand for commodities. Volume was a record 63,019 contracts.