Archived News

23/09/2011 (Business Standard) - Crude palm oil prices declined by Rs 3.20 to Rs 500.40 per 10 kg in the futures trade today on emergence of profit-booking by speculators, driven by sluggish demand in the physical market and a weak global trend.

23/09/2011 (Borneo Post) - Mounting global economic uncertainties have put pressure on crude palm oil (CPO) demand as slower gross domestic product (GDP) in major palm oil consuming countries threaten the worldwide consumption of CPO.

23/09/2011 (The Edge Malaysia) - Shares of KUALA LUMPUR KEPONG BHD (KLK) slipped on Friday, Sept 23, weighed down by the weaker crude palm oil (CPO) futures which fell below RM3,000.

22/09/2011 (The Star) - The Roundtable on Sustainable Palm Oil (RSPO) has applauded the Dutch Product Board for Margarine, Fats and Oils’ (MVO) call for the European Union (EU) to abolish the import duty on RSPO’s certified sustainable palm oil (CSPO) from Malaysia and Indonesia.

22/09/2011 (Reuters) - Malaysian palm oil barely moved on Wednesday as investors grew wary over attempts to resolve Europe's debt crisis and shore up the U.S. economy against a slide back into recession -- factors that can stall global commodity demand.

22/09/2011 (Proactive Investors UK) - Equatorial Palm Oil (LON:PAL) plans to take advantage of a growing demand for palm oil in foodstuffs among both traditional markets and regions where palm oil has not generally been used for food products.

22/09/2011 (Biodiesel Magazine) - Australia-based Mission NewEnergy Ltd. recently announced the development of an improved palm oil supply chain process called Mission g-Palm that is designed to maximize greenhouse gas (GHG) savings when producing biodiesel. According to information released by Mission, the company has petitioned the U.S. EPA for approval to sell its enhanced g-Palm oil-based biodiesel in the U.S. Mission also stated that its biodiesel product has already been accepted into major European markets after demonstrating to regulatory authorities that it meet EU sustainability requirements.

22/09/2011 (The Star) - Six plantation companies, including one from Peninsular Malaysia, are expected to invest over RM300mil to open up some 33,200ha of native customary rights (NCR) land in Sarawak for oil palm development.

22/09/2011 (Geo Television Network) - Owing to a fall in the international palm oil prices the price of 16 liter canister has reduced by Rs25 in Karachi wholesale market, Geo News reported.

22/09/2011 (Biofuels Digest) - In Indonesia, PT INKUD Exchange has signed an MOU with Malaysian company Lestari Pasifik Berhad to jointly develop 616 biorefineries in the two countries to process oil palm waste into ethanol during the next five years. The JV’s pilot project will be set up in Sumatra. Lestari Pasifik has a JV with Russian company Arter Group for the technology licensing, which led to the deal with Inkud.

22/09/2011 (Manila Buletin) - In agribusiness, you have to be fast in spotting money-making opportunities. In good times and in bad, there are always money-making opportunities for the enterprising.

22/09/2011 (The Sun Daily) - The National Economic Management Team (EMT) recently announced plans for an agricultural programme that is expected to create 3.5 million jobs in four years. Tagged Agricultural Transformation Action Plan (ATAP), the initiative will focus on five crops – rice, cassava, sorghum, cocoa and cotton. Minister of Agriculture, Dr. Akinwunmi Adesina, told journalists in Abuja that the programme will inject N300 billion ($2 billion) additional income into the hands of Nigerian farmers, and N350 billion ($2.2 billion) into the economy through sufficiency in rice production.