Archived News

26/11/2011 (Pro Active Investor) - Africa-focused farming and oil palm plantation company Feronia (CVE:FRN) narrowed its third-quarter losses as revenue grew four percent on a 90 percent improvement in crude palm oil production, and higher prices.

26/11/2011 (Jakarta Globe) - Villagers in East Kalimantan’s West Kutai district are demanding an inquiry to resolve an ongoing land dispute with a palm oil company, an environmental group said on Thursday.

26/11/2011 (Dow Jones)- The Roundtable on Sustainable Palm Oil has delayed plans to adopt resolutions related to sustainable palm oil sourcing and certification due to low turnout at its recent general assembly, a spokeswoman for the group said Thursday.

26/11/2011 (Reuters) - Malaysia's Sime Darby reported a net profit rise of 63 percent for its first quarter ended September mainly driven by higher crude palm oil prices and better contributions from business segments including motors and manufacturing.

26/11/2011 (British Baker) - A number of the UK’s leading bakery manufacturers and retailers have been named as the most responsible buyers of certified sustainable palm oil in the world.

26/11/2011 (Investors Chronicle) - New Britain Palm Oil has enjoyed a storming first nine months of the year as the company continues to benefit from buoyant palm oil prices and the contribution from acquisitions and plantations expansions it has carried out in recent years.

26/11/2011 (StockMarketWire.com) - Peter Bayliss, Managing Director of Equatorial Palm Oil, is to resign from the Company's Board of Directors with immediate effect, in order to pursue other business interests.

26/11/2011 (Jakarta Globe) - A leading environmental group is suing Aceh Governor Irwandi Yusuf for allegedly approving a permit for an palm oil plantation inside a protected peat forest.

26/11/2011 (Fijivillage) - The 2012 National Budget has seen major cuts in personal and corporate taxes, targeted tax increases for luxury items and the introduction of some new levies to provide expanded services to the people.

26/11/2011 (Business Times) - Sarawak Plantation Bhd posted an increased pre-tax profit of RM83.233 million for the first nine-months of 2011, compared with the RM41.824 million last year. Revenue also rose to RM367.746 million from the RM225.223 million recorded in the corresponding period in 2010.

25/11/2011 (Reuters) - Malaysian palm oil futures dropped to their lowest in two weeks on Thursday as weak global economic sentiment weighed, with an unsuccessful German bond sale adding to worries that the Europe debt crisis was deepening.

25/11/2011 (Financial Times) - Chinese traders have cancelled orders for more than 300,000 tonnes of palm oil imports, according to a government report, as slower-than-expected demand growth has depressed Chinese domestic prices for palm oil.