Archived News

10/04/2012 (Economic Times) - Crude palm oil prices rose by Rs 3.40 to Rs 624 per 10 kg in futures trade today as speculators created fresh positions, supported by a rising demand at spot markets.

10/04/2012 (AllAfrica.com) - The shares of Okomu Oil Palm Plc appreciated by 38.4 per cent in two weeks as investors reacted positively to an impressive 2011 financial performance and robust dividend proposal.

10/04/2012 (Business Times) - Crude palm oil futures (CPO) on Bursa Malaysia Derivatives closed lower in choppy trading yesterday, dealers said.

10/04/2012 (The Star) - Local palm oil refiners have been waiting patiently for the past eight months for a rescue plan to counter the negative impact of Indonesia's palm oil export duty revision.

10/04/2012 (RTTNews.com) - Import of sensitive items, including fruits, vegetables and edible oils, during April-January 2012 rose by 43 percent to Rs.83,714 crore from the Rs.58,697 crore in the corresponding period a year-ago, PTI reported, quoting the Commerce Ministry.

10/04/2012 (The Star) - Felda and Felda Global Ventures Holdings Berhad (FGVH) have joined a list of corporate bodies to sign an integrity pledge to eradicate corruption and promote good corporate governance and transparency.

10/04/2012 (The Malaysian Reserve) - Bursa Malaysia Derivatives Bhd (BMD) plans to revamp its membership rules and launch new contracts in an effort to improve access and liquidity on the exchange.

10/04/2012 (Jakarta Post) - President Susilo Bambang Yudhoyono visited China last month to improve a bilateral economic relationship that has been characterized by growing trade imbalances following the signing of a free trade agreement under the ASEAN framework in 2005. Industry Minister Mohammad S. Hidayat, who accompanied the President during the trip, spoke to The Jakarta Post’s Bagus Saragih and explained how the visit would build momentum for a more favorable partnership between the two countries. Below are excerpts from the conversation.

10/04/2012 (The Star) - Boustead Holdings Bhd, which derives most its income from plantations, expects to improve its yields on fresh fruit bunches (FFB) by 20% to 30% using more efficient methods.

10/04/2012 (Jakarta Post) - An Indonesian trade mission led by Deputy Trade Minister Bayu Krisnamurthi will explore business opportunities in South Africa — home to 48 million people — from April 9 to 14 as part of the government’s market diversification to nontraditional export destinations.

09/04/2012 (Reuters) - Malaysian palm oil futures rose to a near 13-month high on Friday, as traders continued to bet on strong demand ahead of key industry data due next week.

09/04/2012 (Bloomberg) - Palm oil, used in food and fuel, climbed to the highest in more than a year in Malaysia as South American soybean supplies declined. In China, palm and soybean oil rose to the costliest in more than six months.