Archived News

14/02/2011 (The Sun Daily Online) - THIS was the headline in The Telegraph two weeks ago. The article went on to say that new satellite imagery has shown, with demand for palm oil, land has been cleared indiscriminately. "We never knew exactly what was happening in Malaysia and Borneo," the newspaper quoted Alex Kaat from Wetlands International as saying. "Now we see there is a huge expansion (of deforestation) with annual rates that are beyond imagination."

14/02/2011 (The Denki Shimbun (The Electric Daily News)) - In Malaysia, a thermal power generation project using waste from the milling of palm fruit for oil extraction as fuel has gotten on track. Initially, there was a problem with unsteady combustion temperature in boilers due to an inability to skillfully adjust the amount of moisture in the fuel, but this problem was resolved with experience, and the boiler now remains in stable operation.

14/02/2011 (Bangkok Post) - The Commerce Ministry will seek a budget of one billion baht to subsidise prices of palm oil sold to consumers as shortages continue.

14/02/2011 (Daily News & Analysis India) - The markets witnessed a lower turnover week as traders displayed caution due to the unfolding drama in Egypt.

14/02/2011 (BorneoPost online) - Plantation Industries and Commodities Minister Tan Sri Bernard Dompok yesterday confirmed that the government has no plans to reduce the cooking oil subsidy although it is costly.

14/02/2011 (Pakistan Observer) - Manufactures have increased prices of cooking oil/ghee by Rs 10 per kg during the outgoing week, revealed a survey. Traders told that manufacturers of ghee and cooking oil had warned of further surge in prices of the commodities by Rs 5 to Rs 10 per kg in next few days.

11/02/2011 (The Star Online) - Next week's free trade agreement (FTA) signing between Malaysia and India will be a further boost for the country's palm oil sector and Sabah, in particular, stands to benefit.

11/02/2011 (The Jakarta Post) - The world’s second largest palm oil producer Golden Agri-Resources Ltd. (GAR) and its subsidiaries have pledged to produce sustainable palm oil while protecting carbon-rich forests and peat lands in Indonesia.

11/02/2011 (Food Nagivator-USA) - Archer Daniel Midland (ADM) has unveiled plans to invest in sustainable palm oil production, with an initiative that brings a new crop to its Brazilian supply chain.

11/02/2011 (Malaya Business Insight) - Palm oil output and stocks, already lagging robust demand due to rains in top Southeast Asia producers, could be made worse should the cooking ingredient become the next target for emerging markets seeking to buy big and dampen adverse effects of booming world food prices.

11/02/2011 (Borneo Post Online) - Sabah’s palm oil industry may hit firmer grounds, especially with demands for the product expected to increase in India.

11/02/2011 (The Star Online) - Kulim (M) Bhd is allocating RM20mil capital expenditure (capex) for replanting programmes in its local oil palm plantations this year.