Archived News

19/03/2012 (Borneo Post) - Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the government had allocated RM297 million under NKEA for 2011-2013 to assist smallholders to replant oil palm in the country.

19/03/2012 (Bangkok Post) - Prime Minister Yingluck Shinawatra Saturday tried to alleviate fears of high prices for food and consumer products, promising the economic situation will turn around in June.

17/03/2012 (Reuters) - Malaysian palm oil futures were almost flat on Friday, as some traders booked profits from a nine-month high notched in the previous session, while strong exports and soybean supply fears in drought-hit South America supported prices.

17/03/2012 (Bloomberg) - Indonesia, the world’s biggest producer of palm oil, withdrew 26,500 metric tons of vegetable oils from auctions today, citing low bids.

17/03/2012 (Business Recorder) - Malaysian palm oil futures were almost flat on Friday, as some traders booked profits from a nine-month high notched in the previous session, while strong exports and soybean supply fears in drought-hit South America supported prices.

17/03/2012 (Business Times) - Palm oil may rise for a second weekly advance as shipments from Malaysia expanded and export sales of soybeans, crushed to make a competing oil, gained pace.

17/03/2012 (New Vision) - Oil seed producers are calling for a revision of their tax obligations, arguing that palm oil industry has tax concessions that give them an unfair advantage and deprive oil seed farmers of extra income.

17/03/2012 (Malaysian Insider) - Malaysian palm oil is struggling around a resistance at RM3,398 per tonne, and may continue to hover around this level for one trading session.

17/03/2012 (Gold Star Daily World News) - The feverish push to include oil palm as high yield value crop in the National Greening Program (NGP) of the government shifted to high gear, the Philippine Palm Oil Development Council Inc. (PPDCI) said as it concluded the 1st Palm Oil Investment Forum here recently. PPDCI president Er win Garcia, himself a leading industry player, said the time has come for the national government to recognize oil palm farming as a solution to overcome rural poverty. Oil palm is widely known today as "Asia's miracle farm tree" due to its tremendous potential for high yield and farm income.

17/03/2012 (FoodManufacture.co.uk) - New Britain Palm Oil (NBPO) is investing millions to expand the volume and variety of sustainable palm oil (SPO) available to UK food manufacturers.

17/03/2012 (The Nigerian Observer) - As part of its Agricultural Transformation Plan, the Federal Government is promoting the production of cocoa, oil palm, rice, cassava, fisheries and livestock.

17/03/2012 (Hindu Business Line) - Continuing its focus on agriculture as a priority sector, the Union Budget has enhanced allocations to various schemes in the sector.