Archived News

30/06/2011 (Nigerian Tribune) - The age-long myth that consumption of palm-oil is not safe because it contributes to the risk of developing heart problem has been dispelled by researchers. Researchers in a review of studies on the possibility of palm oil’s saturated fatty acid content increasing the low density cholesterol in the blood and thus predisposing to heart problem, aside disproving this myth, scored palm oil as one of the best cooking vegetable oils with health promoting properties.

30/06/2011 (The Express Tribune) - Pakistan may import as much as 180,000 tons of palm oil for July and has covered a lot of its requirement of the vegetable oil ahead of the fasting month of Ramazan, a top industry official said on Wednesday.

30/06/2011 (Business Times) - Palm oil will be in greater demand in the season starting in October as production of other oilseeds rises at a slower pace, Oil World said.

29/06/2011 (Commodity Online) - The use of palm fruit to extract edible and usable oil has been practiced across continents for centuries, and it remains one of the primary export commodities for Malaysia. Malaysia has been a big part player in the palm oil industry, with an estimated 5% of global productions as of 2006. Malaysia produced 17.7 million tonnes of palm oil in 2008 and is currently the second largest palm oil producer.

29/06/2011 (Gulf News) - Palm oil advanced for the first day in five, rebounding from the lowest close in eight months, after the condition of the US soybean crop deteriorated, boosting prices of the oilseed that's crushed to make a rival product.

29/06/2011 (Borneo Post) - The changes in global monetary policies, government monetary policies, weather anomalies and the price direction of competing oils will be key to new price discovery for crude palm oil (CPO) in the second half of 2011 (2H11).

29/06/2011 (eco-business.com) - A new tri-party agreement on the protection of the Bornean orangutan in Kalimantan, Indonesia will give Singapore-based Wilmar International, one of the world’s largest palm oil producers, a chance to prove it can be part of a sustainable future for the apes.

29/06/2011 (moneycontrol.com) - Fast moving consumer goods major Hindustan Unilever and local rival Godrej Consumer Products is likely to get some respite from declining margins due to a drop in prices of palm oil, a key raw material for their soaps, this fiscal.

29/06/2011 (The Star) - Sarawakians can expect to pay more in sales tax to the state government in the future as it is now exploring new ways to fatten its coffers while minimising its reliance on revenue from natural resources.

29/06/2011 (India Times) - At a time when consumers are burdened with rising costs, here's something to cheer about. Edible oil prices have eased, prompting players like Adani Wilmar and Ruchi Soya Industries to reduce consumer prices across brands.

29/06/2011 (Biodiesel Magazine) - Events planned in Thailand and India aim to provide interested parties with knowledge and information related to each country's respective biodiesel industry. Bangkok, Thailand is hosting the Clean Power Asia conference June 28-30, while the Center for Jatropha Promotion & Biodiesel (CJP) will hold the 4th Global Jatropha Hi-tech Integrated Nonfood Biodiesel Farming & Technology Training Programme in Jaipur, India Sept. 14-18.

29/06/2011 (Bloomberg) - Prices for most grains and oilseeds are probably near “the bottom,” according to Hamburg-based analyst Oil World.