Archived News

29/12/2012 (Borneo Post) - The oil palm plantation industry is set to see an increase in supply of 2.7 million tonnes next year, paving the way for a year of abundant supply boosted by favourable weather conditions, increasing yield from young trees as well as newly mature areas in Indonesia.

29/12/2011 (MCOT) - India is expected to remain the biggest market for Indonesia`s palm oil exports in 2012.

29/12/2011 (Borneo Post) - President of the Federation of Chinese Associations cum Kota Kinabalu Chinese Chamber of Commerce and Industry Datuk Seri Panglima Sari Nuar has described 2011 as a tough year for the global economy.

29/12/2011 (Reuters) - Sri Lanka\'s stock market rose for a fourth day on Wednesday to a four-week high on gains in illiquid large caps, despite foreign selling, while the central bank kept the rupee steady by selling over $30 million.

29/12/2011 (MSN) - Select edible oil prices strengthened by Rs 50 per quintal on the wholesale oils and oilseeds market today, largely in tandem with a firming global trend.

29/12/2011 (Business Recorder) - Malaysian palm oil will gain more to 3,240 ringgit per tonne, as indicated by a rising channel.

29/12/2011 (Business Recorder) - The Karachi Port handled 108,277 tonnes of cargo comprising 68,749 tonnes of import cargo and 39,528 tonnes of export cargo including 3,440 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday.

29/12/2011 (Bernama) - OSK Research is raising the average crude palm oil (CPO) price to RM3,000 per tonne for next year from the RM2,700 per tonne estimated previously.

29/12/2011 (Vanguard) - More states are to benefit from World Bank’s $150million Commercial Agriculture Development Project, CADP, across the six geo-political zones of the country.

28/12/2011 (BusinessDay) - PZ Cussons, makers of home used products has revealed that, its $56 million palm oil refinery in partnership with Singapore’s Wilmar International would be operational by the third quarter (3rd of next year, the chief executive of Cussons’ Nigerian unit said on Friday.

28/12/2011 (Jakarta Globe) - A consortium consisting of state plantation company Perkebunan Nusantara III and German engineering group Ferrostaal are set to start construction in January of a Rp 5 trillion ($550 million) palm oil industrial zone in Sei Mangke, North Sumatra.

28/12/2011 (BBC News) - Eight-month-old baby orangutan Elaine would have never survived without her carer Rosa.