Archived News

26/01/2011 (The Star Online), Petaling Jaya - Sime Darby Plantation Sdn Bhd, already one of the biggest plantation companies globally, now wants to be the largest producer of “green” palm oil.

26/01/2011 (The Star Online), Putrajaya - Some of the eight palm oil entry point projects (EPPs) identified under the Palm Oil National Key Economic Area (NKEA) have started making progress despite their launch only three months ago, said Performance Management and Delivery Unit (Pemandu) director of palm oil, agriculture and rubber industry, John Low.

25/01/2011 (Business Times) - Oil palm cultivation expanded by nearly 4.7 million hectares last year and has been listed as the second priority sector under the Economic Transformation Programme, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

26/01/2011 (Jakarta Post) - The Indonesian Palm Oil Producers Association (Gapki) called on the government to reduce the export tax imposed on crude palm oil (CPO), which is set to be increased to 25 percent next month.

25/01/2011 (Bernama), Putrajaya - Plantation Industries and Commodities Minister Tan Sri Bernard Dompok will launch a RM297 million allocation for oil palm smallholders to replace their aged trees on Jan 31 in Sabah.

25/01/2011 (Bernama), Putrajaya - A technical analyst and strategist says that crude palm oil pices have been overbought with the price likely to consolidate between RM3,300 and RM3,550 in the next two to five months.

25/01/2011 (Bangkok Post) - The first lot of 20,000 tonnes of imported crude palm oil will reach Thailand tomorrow to ease the current shortage.

25/01/2011 (The Nation Multimedia) - The Commerce Ministry will propose that the National Oil Palm Policy Committee permit the import next month of another 50,000 tonnes of crude palm oil after finding that supplies are even lower than previously thought.

25/01/2011 (The Economic Times), New Delhi - Central Vigilance Commissioner PJ Thomas has told the Supreme Court that he was a victim of the political rivalry between Congress-led United Democratic Front (UDF) and Left Democratic Front (LDF) in Kerala, tainting his image in the palmolein oil scam case.

25/01/2011 (The Star Online), Carey Island - Sime Darby Plantation Sdn Bhd, one of the largest palm oil producers in the world, expects to start its maiden oil palm planting in Liberia by April that marks its first African plantation deal.

24/01/2011 (The Malaysian Insider), Carey Island - Sime Darby , the world’s largest listed planter in terms of landbank, expects the price of crude palm oil to average RM3,000 this year as demand chases tight vegetable oil supplies, a key official said today.

24/01/2011 (World Bakers) - Palm oil prices have dropped, putting them at the lowest level since the beginning of the year, according to Bloomberg.