Archived News

15/02/2012 (Business Recorder) - India imported 659,979 tonnes of vegetable oils in January, down 8.5 percent from a year earlier, data released by a leading trade body showed on Tuesday, lower than the average forecast in a Reuters survey Palm oil imports - the bulk of India's edible oil purchases - eased 2.6 percent in January to 511,043 tonnes, data released by the Solvent Extractors' Association of India (SEA) showed.

15/02/2012 (Tempo Interactive) - The government is ready to respond to the Environmental Protection Agency (EPA) notification on Indonesian oil palm products and their derivatives which have been considered to be environmentally unfriendly. Agriculture Ministry, Trade Ministry, and other ministries engaging in technical matter have gathered research data and are ready to respond to the warning.

15/02/2012 (Bloomberg) - Felda Global Ventures Holdings Bhd., Malaysia’s biggest plantation operator, aims to file documents this week for the nation’s biggest initial share sale in more than a year, the parent company’s chairman said.

15/02/2012 (Bernama) - Turkey expects its bilateral trade with Malaysia to increase to US$2 billion this year from US$1.75 billion last year, driven by the huge potential in the construction sector and the signing of the free trade agreement (FTA) expected by mid-year.

15/02/2012 (The National) - Iranian exporters in Oman are struggling to send home staples, such as rice, in the face of US-led sanctions against Iran.

15/02/2012 (Business Recorder) - The Preferential Trade Agreement (PTA) signed between Pakistan and Indonesia early this month, is expected to be ratified by the end of March, officials said on Tuesday.

15/02/2012 (Fiji Times) - Unscrupulous food dealers who breach food safety laws face up to five years imprisonment if caught.

15/02/2012 (India Blooms) - India's annual rate of inflation for the month of January this year dropped at 6.55 per cent, the lowest in the past over 25 months.

15/02/2012 (Reuters) - Malaysian crude palm oil futures rose to more-than-a-month high on Tuesday, tracking a rally in U.S. soybeans on investor concern that hot, dry weather in South America could hurt production.

14/02/2012 (Reuters) - Malaysian crude palm oil futures rose to near three-week high on Monday after Greece passed an unpopular austerity bill that could help avoid a messy default.

14/02/2012 (Stabroek News) - Chinese investors have projected a palm oil industry in the District of Nickerie, just like in Marowijne and Para, legislator Rashied Doekhie tells de Ware Tijd. Talks are currently underway so Doekhie refuses to name the investors.

14/02/2012 (Business Recorder) - Buoyed by a firming global trend, crude palm oil prices edged higher by Rs 1.20 to Rs 531.10 per ten kg in futures trading today.