Archived News

17/03/2012 (AllAfrica.com) - The International Fund for Agricultural Development (IFAD) will provide a US$22.5 million grant to the Republic of Côte d'Ivoire to help improve food security and incomes of smallholder producers with a particular focus on rural young people and especially women.

17/03/2012 (Indian Express) - Highlighting that the agriculture sector has continued to perform “well”, Finance Minister Pranab Mukherjee’s Budget proposals today sought to streamline plethora of schemes into specific missions and rolled out tax proposals to woo the private sector investment in the sector. The aim being to clear the bottlenecks in infrastructure and market linkages.

16/03/2012 (Reuters) - Malaysian crude palm oil futures edged up to another nine-month high on Thursday, as strong export numbers painted a rosy demand outlook for the edible oil and as soybean supply fears in South America supported prices.

16/03/2012 (The Star) - Iran has not managed to buy palm oil from South-East Asia despite paying for some backdated orders with other currencies apart from the US dollar as Western sanctions bite, traders said.

16/03/2012 (Bangkok Post) - The Commerce Ministry is mulling dealing with the local palm nut shortage by importing 40,000 tonnes crude palm oil (CPO) from abroad.

16/03/2012 (Business Recorder) - Malaysian crude palm oil futures edged up to another nine-month high on Thursday, as strong export numbers painted a rosy demand outlook for the edible oil and as soybean supply fears in South America supported prices.

16/03/2012 (Hindu Business Line) - Imported palmolein and soya oil improved by Rs 2 and Rs 3 for 10 kg on Thursday on improved buying interest from stockist ahead of the Union Budget. A wholesaler said market was firm on expectation that import duty would be increased in the Budget on Friday.

16/03/2012 (Borneo Post) - Sarawak Oil Palms Bhd (SOP), a Main Market listed planter, is expected to see a 17 per cent boost in fresh fruit bunch (FFB) production and ramp up crude palm oil (CPO) production, putting behind the production slump experienced in the fourth quarter of 2011 (4QFY11)

16/03/2012 (Phuket Gazette) - Agricultural development initiatives look to position Krabi province as a new regional and world hub for the production, supply and retail of palm oil.

16/03/2012 (The Star) - Trade volume between China and Malaysia is expected to reach US$100bil this year, which would make Malaysia the third Asian country to break through that mark after Japan and South Korea, China's ambassador to Malaysia, Chai Xi, said.

16/03/2012 (Borneo Post) - The ongoing construction of the second phase of the fertiliser and container port at the Palm Oil Industrial Cluster (POIC) here is expected to be completed in a month’s time and will be fully operational by this coming June.

16/03/2012 (Reuter) - India announces its annual budget on Friday as high global oil prices pressure finances for Asia's third-largest crude importer and its commitment to providing cheap food to the poor weighs.