Archived News

17/04/2012 (The Star) - Currently there is a grey area where the status of local palm biodiesel sector is concerned, be it in export or domestic consumption.

17/04/2012 (Hindu Business Line) - The edible oil market continued to remain bearish on Monday, tracking a weak foreign market. Malaysian crude palm oil futures continued last week's losing spree.

17/04/2012 (Jakarta Globe) - The International Monetary Fund says commodity-exporting countries such as Indonesia could face a tough time in the short-term, with global commodities prices forecast to decline.

17/04/2012 (Business Times) - Sime Darby Bhd plans to spend RM2 billion in the next 10 years to upgrade its workers' housing at its oil palm estates to that of mini-townships.

16/04/2012 (The Star) - OSK Research believes a correction in the crude palm oil (CPO) price has begun and production in the months ahead will be stronger.

17/04/2012 ((RTTNews) - India\'s headline annual inflation rate for all commodities, based on the new series of WPI (Wholesale Price Index), for the month of March fell marginally to 6.89 percent from the preceding month\'s 6.95 percent due to cheaper prices of onion, fruits and wheat and some other manufactured products.

17/04/2012 (Reuters) - 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 (Bernama) - The plantation industry, especially the palm oil sector, needs to be restructured to make it more efficient, competitive and increase the participation of local workers.

16/04/2012 (Reuters) - Malaysian palm oil futures closed lower on Friday, as traders took profits from a 13-month high hit earlier in the week, while market players are also keeping a close watch on Malaysian palm exports data due on Monday.

16/04/2012 (Bloomberg) - Cooking-oil imports by India, the world’s second-biggest buyer, climbed for the second month in March as an increase in domestic prices spurred buying.

16/04/2012 (Blooomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 9,000 metric tons of 15,500 tons of the commodity it offered at an auction in Jakarta.

16/04/2012 (The Star) - Slower growth in production and strong export demand will likely help support the price of crude palm oil (CPO) to stay above RM3,000 per tonne well into the second quarter this year.