Archived News

13/07/2011 (Bernama) - Malaysia's palm oil exports will reach RM70 billion this year if the high crude palm oil (CPO) prices continue in the second half of the year, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

13/07/2011 (Economic Times) - Speaking at an inter-active session at the Indian Chamber of Commerce (ICC) on Tuesday, the Indonesian ambassador to India, Lt General (retd) Andi Ghalib, said that the Prime Minister of India Manmohan Singh and the President of Indonesia, Sushilo Bambang Yudhoyono, had signed an agreement in New Delhi early last year worth billions of US dollars with the objective of strengthening bilateral business ties between the two countries. The Indonesian President was the Special Guest at the Indian Republic Day ceremony in New Delhi last year.

13/07/2011 (Bernama) - Bilateral trade between Taiwan and Malaysia is expected to increase to US$14.5 billion (US$1=RM2.99) this year from US$13.67 billion in 2010, said Taipei Economic and Culture Office in Malaysia.

13/07/2011 (NIS News Bulletin) - The Netherlands and Indonesia are going to work together for the next five years to enhance sustainable production and trade of goods like cocoa, coffee, tea, spices, palm oil, timber and fish.

13/07/2011 (Mongabay.com) - Agribusiness giant Cargill will ensure all palm oil supplied to customers in Europe, United States, Canada, Australia and New Zealand is certified under the Roundtable on Sustainable Palm Oil (RSPO), an environmental standard, or originated from smallholder growers by 2015, according to a statement issued by the company. Cargill says it will extend the commitment to 100 percent of its products and customers globally – including China and India, the largest consumers of palm oil – by 2020.

13/07/2011 (The Star) - The downward pressure on crude palm oil (CPO) prices continued yesterday amid rising production and an 18-month-high inventory. This has also triggered market talk that the commodity may slip to below RM3,000 per tonne this week.

13/07/2011 (Business Times) - Malaysian palm oil prices may fall below RM3,000 per metric ton this month as consumers may defer purchases in anticipation of lower selling prices, according to CIMB Investment Bank Bhd in a report today.

13/07/2011 (Pattaya Mail) - The office of Energy Policy and Planning Office (EPPO), Ministry of Energy, is pressing the industrial sector to adopt a better waste management plan by developing a bio-fuel system.

12/07/2011 (Bernama) - The smallholder sector which makes up 40 per cent of oil palm planted areas in Malaysia, is among crucial components in the country's palm oil industry.

12/07/2011 (Myanmar Times) - Indonesia is seeking to expand trade with Myanmar, said Mr Edy Putra Irawady, Deputy Minister for Industry and Trade Affairs.

12/07/2011 (Gulf News) - Palm oil stockpiles in Malaysia, the second-biggest grower, climbed to the highest level in 18 months in June as production expanded, even as exports reached near-record highs.

11/07/2011 (Jakarta Post) - Indonesia will continue to rely on major commodities such as palm oil, rubber as well textile and electronics products as the main drivers of the country’s future non-oil and gas exports, a senior Industry Ministry official says.