Archived News

05/03/2012 (Bloomberg) - Wilmar International Ltd. (WIL), the world’s largest palm oil trader, is giving investors in Goodman (GFF) Fielder Ltd. the chance for a 31 percent return as it considers an expansion into Crisco oil and Newman’s Own salad dressings.

05/03/2012 (The Borneo Post Online), Miri - Datuk Sebastian Ting has identified five factors that have contributed to the success of Miri as a flourishing city.

03/03/2012 (The Star Online), Kuala Lumpur - Top palm oil producer Indonesia's growing refining advantage over No. 2 supplier Malaysia will dominate an annual gathering of the world's palm oil business in Kuala Lumpur next week as traders examine shifts in demand.

03/03/2012 (Business Line) - Malaysian palm oil futures on Bursa Malaysia Derivaties exchange ended lower on Friday on profit-taking ahead of the Bursa Malaysia Palm Oil Conference next week where analysts are expected to present views on vegetable oil markets. Surging energy prices continue to support the edible oil markets. Energy prices slipped lower on Friday after surging 5 per cent to an 11-month high a day earlier, as fears of a supply disruption from Saudi Arabia eased. However, concerns over economic growth due to higher energy prices could cap gains going forward as the consuming countries begin to depreciate making cost of imports higher. Cargo surveyors have reported up to a 10.5 per cent drop in February exports from a month ago even though demand from China and India has been resilient.

03/03/2012 (The Star Online) - POLYURETHANES have a broader spectrum of properties and applications than any other natural or man-made material as polyurethane products range from solid to cellular, elastomeric to plastic, rigid to soft and hydrophilic to hydrophobic.

02/03/2012 (The Star Online), Petaling Jaya - The Netherlands will be pushing for the lifting of European Union (EU) import duties on sustainably produced crude palm oil at the European Commission in Brussels.

02/03/2012 (The Economic Times), New Delhi - With surge in import of refined palm oil, edible oil processors have urged finance minister Pranab Mukherjee to hike import duty on the commodity to 16.5 per cent from the existing 7.5 per cent to save the domestic industry from closing down.

02/03/2012 (The Jakarta Post) - State-owned largest lender PT Bank Mandiri Tbk signed on Thursday deals to disburse loans to cooperatives of oil palm farmers, in a move to boost the amount of credit disbursed to small and medium enterprises (SMEs) this year.

01/03/2012 (Bloomberg) - Cooking-oil imports by India, the biggest palm oil buyer, will climb as much as 12 percent to a record after dry weather and excessive rain curbed oilseed crops, according to GG Patel & Nikhil Research Co.

01/03/2012 (Asia One News), Petaling Jaya - The analysis of 64 samples of plastic-packed 1kg cooking oil conducted by the Oils and Fats Technology Centre of Malay-sian Palm Oil Board (MPOB) showed that they were of good quality.

29/02/2012 (Lankan Business Online), New Delhi - Global production of green palm oil is expected to surge sharply in the coming years on likely rise in demand from India and China, the world's biggest consumers of cooking oils.

29/02/2012 (Forests Blog, Center for International Forestry Research) - Malaysian scientists now have the ability to trace for high oil-yielding genes in the palm oil plant, allowing them to create “designer palms” with the capacity to control the amount and type of oil being produced.