Archived News

04/08/2011 (Bloomberg) - Palm oil advanced to its highest level in almost two weeks on speculation that demand for the tropical oil may increase as hot weather erodes conditions for the U.S. soybean crop.

04/08/2011 (Reuters) - Malaysian palm oil futures ended higher on Wednesday, boosted by early gains in agricultural markets and expectations of a spike in demand during the Muslimfasting month of Ramadan, but gains were capped by worries about the global economy.

04/08/2011 (The Star) - Local palm oil downstream players in the refining, oleochemicals and biodiesel sectors will likely see their operations rendered as uncompetitive with stagnating profit margins following Indonesia’s latest proposal to restructure its palm oil export duty on refined palm-oil products.

04/08/2011 (Wall Street Journal) - High food and commodity prices have hobbled poor consumers and triggered riots in emerging markets this year. But in commodity-driven economies like Indonesia, the rising prices are lifting millions of farmers and miners out of poverty—and creating opportunities for global companies.

04/08/2011 (HealthNewsDigest.com) - Carotino oil is a blend of canola oil and red palm fruit oil. The first thing that will strike you is the beautiful orange-red color of the oil. This color creates buttery-looking batters and biscuits and provides a wonderful glow to sautéed foods. We pan-grilled plain fish on a nonstick pan with a small amount of Carotino and the fish sparkled with color. Most of you know that canola is a multipurpose, mild tasting cooking oil, high in polyunsaturated fats, but where does red palm oil come from?.

04/08/2011 (ABC Online) - The Federal Parliament is under increasing pressure to take action against the shrinking jungles in South East Asia, which are inhabited by endangered orangutans. Critics say the importation of illegal timber and the sale of products containing palm oil are contributing to the problem. But countries like Malaysia are fiercely defending their export industries.

04/08/2011 (Business Standard) - The growth of Malaysian exports in June is expected to be soft mainly because it did well last year, said economists.

04/08/2011 (Bloomberg) - Presco Plc (PRESCO), a Nigerian palm-oil producer, headed for a two-week high after Renaissance Capital said the company’s first-half profit more than doubled.

04/08/2011 (Nigeria Tribune) - Giving the continuous proliferation of cosmetic products in the Nigerian market, an industrial chemist, Professor Rotimi Oderinde has cautioned people to be mindful of what they apply to their skin, all in a bid to look young and beautiful.

04/08/2011 (Financial Express) - The Trading Corporation of Bangladesh (TCB) has blacklisted 20 suppliers for failing to deliver the agreed essential commodities before the holy month of Ramadan, a top policymaker said Wednesday.

04/08/2011 (Bloomberg) - Unilever may report the fastest quarterly sales growth since Chief Executive Officer Paul Polman took the helm two years ago as the company raises prices to combat soaring raw material costs.

04/08/2011 (Vanguard) - The Bankers Committee has identified six areas to improve the agricultural sector through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). Mr. Ladi Balogun, Managing Director, First City Monument Bank, made this known while addressing newsmen after the Bankers Committee meeting held in Abuja on Tuesday.