Archived News

20/10/2011 (Reuters) - Malaysian palm oil futures bounced on Wednesday on improving sentiment after a news report said European policy makers will increase financial firepower to resolve the region's debt woes.

20/10/2011 (Jakarta Globe) - Stocks rebounded on Wednesday amid expectations of positive corporate earnings reports in the next couple of weeks and on good news out of Europe.

20/10/2011 (The Sun Daily) - Federal Land Development Authority (Felda) Holdings Bhd has shortlisted 15 investment banks to undertake the listing exercise of Felda Global Ventures Holdings Sdn Bhd (FGVH), said its Chairman Tan Sri Isa Abdul Samad.

20/10/2011 (VIVAnews.com) - President Susilo Bambang Yudhoyono has officially appointed Gita Wirjawan as Trade Minister replacing Mari Elka Pangestu in response to the cabinet reshuffle. The Indonesian president calls on Gita to improve domestic trade in an effort to reinforce the economy following the global economic downturn.

20/10/2011 (ICIS) - After bottoming out in September, the global fats and oils market is expected to see another upward price cycle in 2012, led by projected lower production volumes and increased consumption of biofuels, an industry consultant said on Wednesday.

20/10/2011 (The Star) - The Kelantan state assembly was told that two Ladang Rakyat schemes in Gua Musang had suffered losses since its implementation five years ago.

20/10/2011 (The Star) - Agrobank is aiming for a 15% to 20% year-on-year growth in net profit for the current financial year ending Dec 31, 2011 (FY11), said president and chief executive officer Wan Mohd Fadzmi Wan Othman.

20/10/2011 (Business Standard) - The country’s total oilseed production this kharif harvesting season is likely to decline by four-five per cent season due to severe crop damage, especially of soybean, in major areas of Madhya Pradesh, India’s largest producing state.

19/10/2011 (Reuters) - Anglo-Dutch consumer goods giant Unilever (UNc.AS) has resumed palm oil purchases from Sinar Mas Agro Resources and Technology (SMART) after the planter adopted new green policies, the Indonesian palm oil firm said late on Monday.

19/10/2011 (FoodBev.com) - The move by the consumer-​owned retailer will help to protect endangered species, such as the orang-​utan and the Sumatran tiger and safeguard the future of smallholder farmers.

19/10/2011 (APP): Three ships scheduled to load/offload cement, phosphoric acid and furnace oil were berthed at Multi Purpose Terminal, Engro Vopak Terminal and FOTCO Oil Terminal respectively on Monday, October 17.Meanwhile two more ships carrying containers and palm oil also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy remained at 54% for 2nd consecutive at the Port where a total of eight ships namely M.V Opal-II, M.V Sargodha, M.V Amira Dino, M.V Silver Star, M.V Lord Byron, M.T SC Belhai, M.T Bum Young and M.T Sea Sky are currently occupying berths to load/offload cement, rice, sunflower seeds, palm oil, chemicals and furnace oil respectively during last 24 hours.

19/10/2011 (Insider Media) - Solicitors from the Exeter and London offices of Michelmores LLP have played a lead legal role in a $20m (£12.68m) investment in Goldtree, a palm oil plantation and milling project in Sierra Leone.