Archived News

23/02/2012 (Business Recorder) - Malaysian crude palm oil futures ended lower on Wednesday as nervous investors booked profits after an upbeat demand outlook and stronger crude oil prices helped the edible oil scale eight-month highs earlier in the session.

23/02/2012 (Reuters) - Wilmar International Ltd posted a 57 percent jump in quarterly profit, boosted by a huge revaluation gain in its core palm oil business and from its enlarged sugar operations, but investors dumped shares on concerns about declining margins.

23/02/2012 (Fox Business) - Kuala Lumpur Kepong Bhd (2445.KU), Malaysia's third-largest listed plantation company by land size, said Wednesday its first quarter net profit rose 12% helped by higher crude palm oil prices.

23/02/2012 (Business Times) - IJM Plantations Bhd's pre-tax profit for the third quarter ended Dec 31, 2012 increased to RM71.6 million compared with RM59.8 million previously.

22/02/2012 (India Times) - Palm oil prices have hit an eight-month high due to higher imports by China, forcing Indian companies to raise retail prices for the third time in four months.

22/02/2012 (Sacramento Bee) - A number of environmental groups have unfairly and inaccurately misled the public about the palm oil industry's positive efforts to minimize environmental impact and maintain animal habitats, especially in Malaysia.

22/02/2012 (Business Recorder) - Malaysian crude palm oil futures eased slightly on Tuesday as traders booked profits after the edible oil hit an eight-month high the previous day, although losses were limited by a Greek bailout deal.

22/02/2012 (New Straits Times) - An oil palm farmer from Parit Pechah in Muar has invented an organic fertiliser using the kernel and flesh of the oil palm fruit.

22/02/2012 (Business Recorder) - Pakistan's imports of palm oil from top producer Indonesia will more than quadruple to 800,000 tonnes over the next three years, an executive at an Indonesian industry group said on Tuesday.

22/02/2012 (Pakistan Today) - A high powered business delegation from Pakistan is going to visit Malaysia on February 26 to seek further opportunities of trade.

22/02/2012 (Borneo Post) - The current upward trend in natural rubber and crude palm oil prices will continue to sustain over the long-term, says Rubber Industry Smallholder Development Authority (Risda) chairman Tan Sri Rahim Tamby Chik.

22/02/2012 (Reuters) - Archer Daniels Midland Co and Wilmar International Ltd have signed a memorandum of understanding to work together in areas such global fertilizer purchasing, freight and tropical oils refining, Wilmar said on Wednesday.