Archived News

18/04/2012 (Borneo Post) - Persafe Engineering Sdn Bhd (Persafe Engineering) and Kampung Pundut in Limbang Division, Sarawak, had successfully signed a Memorandum of Understanding (MoU) for oil palm plantation joint venture.

18/04/2012 (Bernama) - Wijaya Baru Global Bhd clarified today that it is negotiating with interested parties to start timber extraction and thereafter plant oil palm in the Papua Province in Indonesia.

18/04/2012 (Hindu Business Line) - Edible oil prices extended their losing streak on Tuesday. The market continued to remain bearish on less-than-expected physical demand despite a bounce-back in Malaysian palm oil. Indigenous groundnut oil, sunflower expeller refined oil and cotton refined oil dropped by Rs 5/10 kg each, while rapeseed/mustard oil were down Rs 10. Imported palmolein lost Rs 2 and soya oil declined by Rs 3 for 10 kgs. Volumes remained thin.

18/04/2012 (Jakarta Globe) - The Environment Ministry has said it will launch an investigation into the issuance of a plantation concession inside the Tripa peat swamp forest in Aceh province.

18/04/2012 (StockMarketWire.com) - MP Evans reports that Group profit for the year amounted to US$39.70 million, a 62% increase over 2010's US$24.45 million.

17/04/2012 (Bloomberg) - Demand for edible oils is climbing to a record as drought damages crops across South America, leaving buyers with the smallest stockpiles in three decades.

17/04/2012 (Business Times) - Exports of Malaysian palm oil to the Philippines have been growing at a steady rate of 10 per cent annually in the last decade.

17/04/2012 (Business Recorder) - Malaysian palm oil futures inched down on Monday as a drop in export numbers for the first half of the month led some traders to book profits, although losses were curbed by tightening edible oil supply.

17/04/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest plantation stock by market value, sold all of 7,000 tons of palm oil it offered at an auction in Jakarta.

17/04/2012 (Business Times) - The price of crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday, taking cue from the soft performance of crude oil and soyabean, said a dealer.

17/04/2012 (Business Recorder) - Malaysian palm oil will slide further to 3,401 ringgit per tonne, as indicated by its wave pattern and a Fibonacci retracement analysis.

17/04/2012 (Business Recorder) - The Karachi Port handled 231,384 tonnes of cargo comprising1 145,870 tonnes of import cargo and 85,514 tonnes of export cargo including 6,705 loaded & empty containers during last 48 hours ended at 0700 hours on Monday.