Archived News
17-10-2011
Update Data, Indonesia Told
17/10/2011 (The Star) - Indonesia needs to clean up its act and provide up-to-date statistics on its palm oil sector given its status as the world’s largest crude palm oil (CPO) producer, according to an industry player.
17-10-2011
NCDEX Soybean Climbs on Palm Oil Gains, Festive Demand
17/10/2011 (Commodity Online) - Taking cues from the upside in Malaysian palm oil prices, soy bean has climbed on the NCDEX. NCDEX October soybean contract has gained 3% at Rs.2141 on 14.00 hrs.
17-10-2011
Indonesia’s PT Kharisma Sells 8,000 Tons of Palm Oil
17/10/2011 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 8,000 metric tons of the 12,500 tons of the commodity it offered at an auction in Jakarta today.
17-10-2011
Ghee, Cooking Oil Prices Surge
17/10/2011 (Daily Times) - Swinging prices of ghee and cooking oil in the retail markets of Karachi has posed financial hardship for consumers.
17-10-2011
Boustead to Benefit From Buoyant CPO Prices
17/10/2011 (Borneo Post) - Boustead Holdings Bhd (Boustead) is projected to deliver stronger earnings in the second half of financial year 2011, owing to stronger plantation earnings and lucrative land deals.
17-10-2011
Thailand To Increase Biodiesel Mandate From B4 To B5
17/10/2011 (Biofuel Digest) - In Thailand, the Energy Ministry announced that biodiesel blends will be increased from 4% to 5%, starting October 21 until December.
17-10-2011
GAPKI Expects No Increase in CPO Products Export Duty
17/10/11 (The Star) - GAPKI, or the Indonesian Palm Oil Association, does not expect the Indonesian government to increase its CPO refined products export duty any time soon after slashing it by almost half starting early last month.
17-10-2011
Bakrie & Brothers in Final Negotiations for Financing
17/10/2011 (Bloomberg) - PT Bakrie & Brothers Tbk said it’s in final negotiations for a new financing facility, which will allow it to resolve issues relating to a $597 million loan arranged by Credit Suisse Group AG.
17-10-2011
Propagating the MFN Argument
17/10/2011 (PakistanToday.com.pk) - The much touted ‘Most Favoured Nation’ (MFN) status granted to India by Pakistan is another positive step amongst several that the country has started to take towards building self-sustenance post-IMF era.
17-10-2011
Malaysia Think Tank Downgrades 2011-2012 Growth Outlook
17/10/2011 (Borneo Post) - A leading think tank has downgraded its economic growth forecast for Malaysia for this year and 2012, citing concern that Europe’s financial crisis could hit the country’s trade-focused economy.
17-10-2011
India STC Buys 15,000 T RBD Palmolein at $1,005/T- Sources
17/10/2011 (Reuters) - India's State Trading Corp. Ltd has bought 15,000 tonnes of RBD palmolein at $1,005 per tonne, two government sources said, lower than the last known price paid by another state-run firm.
17-10-2011
Press Release: UN wants to send Special Rapporteur to Indonesia for MIFEE
17/10/2011 (Scoop.co.nz) - The UN Commission to Combat Racial Discrimination and Protect the Rights of Indigenous People has sent a letter to the Indonesian ambassador to Geneva, Anwar Kemal, regarding several matters.