Archived News

13/04/2012 (The Star) - Golden Land Bhd has proposed to buy an Indonesian company for US$5.4mil (RM16.6mil) and this could expand the group's oil palm plantation area overseas by another 10,000ha.

13/04/2012 (Business Times) - The crude palm oil futures on Bursa Malaysia Derivatives ended easier yesterday on profit-taking, dealers said.

13/04/2012 (Business Recorder) - The Karachi Port handled 66,879 tonnes of cargo comprising1 14,243 tonnes of import cargo and 52,636 tonnes of export cargo including 2,777 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday.

13/04/2012 (Jakarta Globe) - An aide to President Susilo Bambang Yudhoyono has expressed concern over a recent court ruling that cleared the outgoing Aceh governor’s action in granting a plantation concession in an ostensibly protected forest.

PLANTATION COMPANIES By Hwang DBS Vickers Research CPO price forecast: RM2,990/tonne 13/04/2012 (The Star) - Malaysia's March palm oil output of 1.211 million tonnes, 2% higher from a month before, was significantly below our forecast of 1.494 million tonnes, as fresh fruit bunch (FFB) yields in east Malaysia were 18% below the same month last year.

12/04/2012 (Mongabay.com) - Environmental groups are escalating their battle over an area of peat forest in Tripa, Sumatra that has been granted for oil palm plantations.

12/04/2012 (Liberian Observer) - The 14-year Civil war in Liberia was more than enough to put the country’s economy that was stabled and could even be compared to some European and Asian countries in a shattered state. The sound of guns and the terror created by those executing the war were far beyond human imagination. Investors at the time, who were considered the true engines of the country’s economy fled for their lives, leaving behind millions of dollars of investments in flames.

12/04/2012 (The Guardian) - Alusine Kortu says he hasn\'t seen any big, new agricultural investments in the Bonthe district of southern Sierra Leone. But the local chief has heard rumours about large-scale land deals in other parts of the west African country – where estimates suggest nearly 20% of farmland has been snapped up by investors – and says he wants to be ready if and when companies come to his area.

12/04/2012 (THISDay) - Vice-President Namadi Sambo has said agriculture would be the core of the transformational agenda of the country, not just for food security but for the creation of wealth and provision of employment to the teeming youths of the country.

12/04/2012 (The Star) - February Trade/IP by HSBC Global Research, February Trade by CIMB Research & Rating Ootlook By Moody's.

12/04/2012 (Jakarta Post) - The largest palm oil producer in the nation, Wilmar Indonesia, will build several new plants worth US$300 million in the next two years, a company executive said.

12/04/2012 (Reuters) - Shares of Singapore-listed Bumitama Agri Ltd opened 35 percent above its initial public offering price on Thursday, helped by a strong outlook for palm oil prices.