Archived News

11/11/2011 (UkrAgroConsult) - Indonesian Trade Minster Gita Wirjawan said on Wednesday that the country's exports may be down next year as the gloomy global economy has started to weaken the demand of Indonesia's products.

11/11/2011 (Business Recorder) - Palm oil prices have tapered down in recent months as the havoc in advanced economies has market participants curbing forecasts for demand in coming months.

11/11/2011 (The Star) - Palm oil theft by syndicates is causing plantation owners to lose RM325mil every year.

11/11/2011 (Reuters) - Malaysian palm oil futures fell for a second day on Thursday as investors shifted to price in concerns that Europe's debt crisis may stall global growth from prospects of tight oilseed supply.

11/11/2011 (Hindu Business Line) - A sudden spurt in crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) firmed up edible oils on Thursday. Supportive palm oil production, exports and stocks data buoyed the futures market in Malaysia.

11/11/2011 (EON: Enhanced Online News) - A global provider of environmentally sustainable biofuels, is pleased to announce a first of its kind for the region, the construction of a major waste material processing facility. The facility, to be located in Sandakan, Sabah Malaysia will allow Mission to recover palm oil from waste material in the palm oil refining process. The waste material, called Spent Bleached Earth (“SBE”) has historically had no application.

11/11/2011 (ZME Science) - Biofuels are considered one of the leading alternative fuels on the market right now, because of their lower impact on the environment. Biofuels are made from plants or animals, and have gained a lot of attention from the general public and scientists driven by a need for increased energy security and concern for greenhouse gas emissions. However, biofuels aren’t all green. To make biofuels, a huge amount of carbon is released into the atmosphere, not by combustion, but as a result of its production process. A team of researchers from University of Leicester have revealed in a recently published study that carbon dioxide emission levels, due to oil palm plantations, are more than 50 percent larger than previously thought.

11/11/2011 (Reuters) - Kim Eng Securities has downgraded its rating on the world's largest listed palm oil firm Wilmar International to sell from hold and lowered its target price to S$4.50 from S$5.31.

10/11/2011 (Reuters) - Malaysian palm oil futures slipped off seven-week highs on Wednesday ahead of a key industry report that is expected to show stocks rising to a 22-month high last month.

10/11/2011 (Business Standard) - Crude palm oil prices rose by 0.57% to Rs 487 per 10 kg in futures trade today as speculators indulged in creating fresh positions on expectations of rise in demand due to the marriage season.

10/11/2011 (Business Recorder) - Four ships carrying containers at QICT, Furnace Oil at FOTCO, Palm Oil at LCT and Sun Flower at FAP arrived during past 24 hours at Port Qasim, said a report issued by Port Qasim Authority on Wednesday afternoon.

10/11/2011 (The Star) - IOI Corp Bhd and Dutaland Bhd have agreed to rescind the sale and purchase agreement (SPA) for the proposed acquisition of almost 12,000ha of oil palm plantation land in Sabah for RM830 mil.