Archived News
20-02-2011
Govt may require biofuels mixed into non-subsidized fuels
20/02/2011 (The Jakarta Post) - In an effort to reduce prices, the government may issue a regulation requiring state oil and gas company PT Pertamina to use biofuels in producing non-subsidized fuels, a senior official said Friday.
20-02-2011
Cooking oil firm faces DSI probe
20/02/2011 (The Nation) - Major edible oil producer Morakot Industry Co came under the spotlight yesterday after authorities found it had not used a 1,400-tonne government-issued inventory of palm oil to produce bottled cooking oil despite acute shortage.
20-02-2011
Najib: Malaysia can repeat strong economic performance in 2011
20/02/2011 (The New Straits Times) - Prime Minister Datuk Seri Najib Tun Razak says Malaysia is capable of repeating its strong economic performance this year if the growth momentum continues although faced with uncertain external challenges.
19-02-2011
India expects to buy more palm oil from Malaysia.
19/02/2011 (The Star Online) - India sees continued demand for Malaysian palm oil this year, given the current shortage of edible oils in the country, said India Commerce and Industry Minister Anand Sharma.
19-02-2011
Palm Oil Declines Amid Speculation on China Tariff Reductions
19/02/2011 (Bloomberg) - Palm oil declined for a fourth day as importers deferred purchases on speculation that China, the biggest user, may cut tariffs to help quell inflation.
19-02-2011
Indonesia palm oil output to hit 22mln T in 2011 -IPOB -INTERVIEW
19/02/2011 (Reuters) - Indonesia's palm oil production is estimated to rise by 7-9 percent in 2011, while global consumption will rise 5 percent annually over the next five years, the Indonesian Palm Oil Board (IPOB) said on Friday
19-02-2011
Malaysian Growth at Decade High Puts Pressure to Tighten Policy
19/02/2011 (Bloomberg) - Malaysia’s economy expanded 4.8 percent last quarter, spurring full-year growth to the quickest pace in a decade and putting pressure on the central bank to take more steps to curb inflation.
19-02-2011
DSI probes cooking oil hoarding
Two major refineries face inspection today
19-02-2011
Refined Soya oil gains on short covering
19/02/2011 (CommodityOnline) - NCDEX March Refined soya oil futures improved slightly yesterday on account of short covering after continuous fall during the last 4-5 trading sessions.
19-02-2011
Food supply is threatened by hoarding of bio-fuel stocks
Thailand's bio-fuel policy is apparently flawed, as evidenced by the current domestic shortage of cooking oil
18-02-2011
CPO PRICES DOWN ON PROFIT-TAKING
18/02/2011 (The Star Online) - Crude palm oil (CPO) futures extended their downtrend to trade below RM3,800 per tonne yesterday as prices succumbed to profit-taking on speculations of an improved La Nina weather pattern and better soybean harvests, according to market players.
18-02-2011
DSI MAY LOOK INTO PALM OIL HOARDING
18/02/2011 (Bangkok Post) - The Department of Special Investigation may be asked to look into suspected palm-oil hoarding that has led to a critical shortage of cooking oil for months.