Archived News

10/08/2011 (Bernama) - The Malayan Agricultural Producers Association (MAPA), which has 140 plantation companies under its umbrella, will guarantee and pay all plantation employees not less than RM850 per month, effective September.

10/08/2011 (WorldCrop.com) - Global biofuel mandates will soar to 60 billion US gallons (227 billion litres) by 2022, compared to production of around 26.5 billion US gallons (bg) in 2010, according to the International Energy Agency (IEA).

10/08/2011 (Bernama) - The potential for trade and economic cooperation between Sabah and East Kalimantan (Kaltim) is vast, and it would require serious exploration by both the neighbours, says Chief Executive Officer of Sabah Economic Development and Investment Authority (SEDIA) Datuk Dr Mohd Yaakub Johari.

10/08/2011 (Jakarta Post) - Indonesia’s palm oil exports increased by 8.9 percent in the first half of this year to 8.2 million tons, up from 7.47 tons in the same period last year, the Indonesian Palm Oil Producers Association (Gapki) says.

10/08/2011 (Bloomberg) - Sandeep Bajoria, chief executive officer of Sunvin Group, comments on the outlook for palm oil after prices dropped to a nine-month low today.

09/08/2011 (Bernama) - The Malaysian Palm Oil Board (MPOB) has increased supply of cooking oil to suppliers and wholesalers nationwide by 10 per cent for the fasting month and coming Hari Raya Aidilfitri celebrations.

09/08/2011 (The Star) - Talks about Malaysia introducing its own sustainable palm oil certification scheme have surfaced many times. But now they could become a reality following the recent directive by the Government for local oil palm authorities to work together to formulate a draft on the Malaysia Sustainable Palm Oil (MSPO) certification.

09/08/2011 (Calcutta Telegraph): A vigilance court here today ordered investigation into Kerala chief minister Oommen Chandy’s role in a palm oil import deal when he was the finance minister in the K. Karunakaran government in 1992.

09/08/2011 (Commodity Online) - Despite the steep fall in CPO prices since the start of the year (-20%), palm oil companies have stayed relatively resilient. Macquarie Equities Research believes that equities are currently factoring in the CPO price of RM3, 100/t, in line with Macquarie’s 2012 forecast, but there is near-term downside risk to valuations.

09/08/2011 (Commodity Online) - Crude palm oil futures declined on Monday tracking weak global markets and on sluggish demand in the local markets.

09/08/2011 (Business Recorder) - Prices of vegetable oils in the European market fell on Monday on concerns about global economic growth following the United States credit rating downgrade, traders said. Improved weather conditions in the US also pressured the prices, traders said.

09/08/2011 (UkrAgroConsult) - Malaysian palm oil futures are unlikely to fall below M$3,000 ($996) per tonne due to higher exports although the debt crisis in Europe and other parts of the world may affect some purchases, an industry official said today.