Archived News

24/06/2011 (Bernama) - Malaysian Palm Oil Board (MPOB) holds an impressive commercialisation record of 30.1 per cent, or 143 technologies, with an estimated RM2.05 billion in market value of the products.

24/06/2011 (Reuters) - Indonesia, the world's top palm oil producer, may cap its maximum edible oil export tax at 20 percent instead of 25 percent, an official at the industry ministry said on Thursday.

24/06/2011 (IBNLive) - The state government is contemplating to stop collecting VAT (value added tax) from palm oil farmers to encourage cultivation of palm oil farms in the state. Further, chief minister N Kiran Kumar Reddy wrote a letter to Union minister for agriculture Sharad Pawar requesting him to provide more funds for palm oil cultivation keeping in view the demand for palm oil which is being imported.

24/06/2011 (Bernama) - With an abundant supply of biomass, there is still room for the industry to economically exploit it further to harness for biocomposite products, biofuel and bioenergy.

24/06/2011 (Business Times) - Growth is expected to accelerate again in the second half for Malaysia, on the back of a pick-up in global momentum, says Credit Suisse.

24/06/2011 (Gulf News) - Ethiopia, Africa's fastest growing economy, boasting 11 per cent growth, is looking for greater investments from the UAE, a top Ethiopian government official said yesterday.

23/06/2011 (Reuters) - Malaysia, the world's No.2 palm oil producer, faces prospects of lower output growth in the commodity as strict entry rules and better job opportunities in top supplier Indonesia lead to a shortage of plantation workers.

23/06/2011 (Bernama) - The government has raised export tax on crude palm oil for July to 20 percent from 17.5 percent for June, citing a rise in the average price of the commodity in the global market, Antara news agency reported.

23/06/2011 (Agrimoney.com) - Anglo-Eastern Plantations stated two reasons for faith in palm oil prices even as they fell 1.3% to close at their lowest since November, weakened by a continuing uptick in output - including the company itself.

23/06/2011 (Stock & Land) - A Brawl over food labelling for products containing palm oil threatens to test Australia's relationship with major palm oil producer Malaysia, which has offered to take some of Australia's asylum seekers.

23/06/2011 (Reuters) - European airlines, biofuel producers and the EU Commission signed up on Wednesday to produce 2 million tonnes of biofuel for aviation by 2020 even as debate rages over how green such fuels actually are.

26/06/2011 (The Star) - Three high-impact projects are being implemented following the Global Science and Innovation Advisory Council’s (GSIAC) inaugural meeting, which was chaired by the Prime Minister at the New York Academy of Sciences (NYAS) last month.