Archived News

16/09/2011 (Business Week) - Malaysia's palm oil exports Fell 32 percent in the first 15 days of September from the same period in August, independent market surveyor Intertek said.

16/09/2011 (APP): Pakistan-Indonesia Business Forum was concluded at Jakarta with resolve to enhance bilateral trade between the two countries.The forum, attended by the top fifty Pakistani and Indonesian businessmen,was the first event of its kind held in the last fifteen years,said a press release received here on Thursday.Addressing the forum Director General, Ministry of Trade of Indonesia Gusmardi Bustami said that the two countries together make up an ever growing market of more than 440 million people which offers the best opportunities to businessmen and economic entities for building a sound economic partnership.

16/09/2011 (Jakarta Post) - Bank Indonesia’s new rule requiring exporters and debtors to bring their foreign currencies home from overseas goes into effect in October with a three-month transition period, the central bank said.

16/09/2011 (Bernama) - Farmers, smallholders and those involved in the palm oil industry are enjoying better incomes as the global demand for palm oil products continued to grow this year, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

16/09/2011 (Reuters) - Nestle , the world's biggest food group, has resumed palm oil purchases from Sinar Mas Agro Resources and Technology (SMART) , the Indonesian palm oil firm said on Thursday.

16/09/2011 (Dow Jones) - Unilever PLC (UL) Friday said it hasn't resumed palm oil purchases from Golden Agri-Resources Ltd. (E5H.SG) in Indonesia after Nestle S.A. (NESN.VX) said it placed an order following progress by the producer on environment and sustainability.

16/09/2011 (Jakarta Post) - Indonesia resumed talks on a preferential trade agreement with Pakistan on Wednesday with an expectation to conclude the long-negotiated deal within days.

15/09/2011 (Reuters) - Following are some of the higlights of a Reuters interview with Palm Oil Refiners Association of Malaysia (PORAM) Chief Executive Mohammad Jaaffar. For the full story, see

15/09/2011 (Bloomberg) - Palm oil dropped for a second day to the lowest level in more than a week on concern that a slowing world economy may reduce demand for commodities.

15/09/2011 (Jakarta Globe) - Malaysia’s palm oil exports for the rest of 2011 will be flat at best with a negative outlook for next year as refiners are at a price disadvantage after No.1 producer Indonesia slashed refined palm olein export taxes, a top industry official said.

15/09/2011 (India Infoline) - Solvent Extractors' Association (SEA) OF India requested the government for the revision of Tariff Value on Refined Edible Oils\RBD Palmolein so that the difference between the Crude Edible Oils & Refined Edible Oils be maintained at 7.5% at least. This will also protect the domestic refined industries from the possible flood of imported refined palm oil from Indonesia.

15/09/2011 (Reuters) - Malaysian palm oil futures reversed early losses on Wednesday, with investors citing an over-sold market and fluctuations in currencies, but gains were capped by a bigger-than-expected U.S. soybean crop outlook.