Archived News

31/01/2012 (Bloomberg) - Unilever Ghana Ltd., a maker of household products in the West African nation, said net income rose 75 percent to 39.9 million cedis ($24 million) last year on earnings from the sale of its palm-oil unit.

31/01/2012 (Biofuels Digest) - The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.47 percent to 73.89 as Mission NewEnergy and Aventine plunged. For the day, BP dropped 2.39 percent to $43.70.

31/01/2012 (The Star) - Scientists and oil palm growers gathered recently in Kota Kinabalu for a common cause to find ways to protect the wildlife of Sabah.

31/01/2012 (MoneyControl.com) - Nirmal Bang has come out with its report on agri commodities. As per the research firm outlook for Soybean is seen up for the day and CPO is expected to trade higher.

31/01/2012 (Bloomberg) - Singapore’s Straits Times Index dropped 1 percent to 2,888.29 at the close of trading. About four shares fell for each that rose in the 30-member gauge.

31/01/2012 (Borneo Post) - Glenealy Plantations (Malaya) Bhd (Glenealy Plantations) remains an undervalued stock and offers plenty of upside considering recent offers of privatisation by its major shareholder making buyback offers of public shares.

31/01/2012 (The Nation) - Tackling a sharp rise in the cost of living is expected to be a key challenge for the government this year, as a host of pressures threaten to lead to the marking up of goods prices.

31/01/2012 (AllAfrica.com) - Flour Mills of Nigeria Plc said it will invest N7 billion on a new 500 metric ton per day edible oil extraction and refining facility in Ibadan.

30/01/2012 (Hindu Business Line) - Vegetable oil traders across the world have been watching closely the South American weather developments, which are threatening to shake the market up with its somewhat sedate condition in recent months. It is becoming increasingly clear that the global vegetable oil market balance sheet for 2011-12 (October-September) is likely to stay tight (but not get into serious deficit), assuming that Brazil and Argentina face no major crop disaster. Ample stocks of South American soya bean are sure to retard any possible rally.

30/01/2012 (The Sun) - Palm oil biofuel has failed to meet greenhouse gas saving standards to qualify for the US renewable fuels programme, the Environmental Protection Agency (EPA) said, dealing another blow for southeast Asian producers in search of new markets.

30/01/2012 (The Star) - GOLD prices rallied strongly and penetrated above 1700.00 benchmarks after Federal Reserve chairman Ben Bernanke signalled the possibility of maintaining the near zero interest rate until 2014.

30/01/2012 (GhanaWeb) - The Minister of Trade and Industry, Ms Hanna Tetteh has launched a 2.8 million dollar Business Development Services (BDS) Fund with a call on the private sector to access the facility to improve their business performance.