Archived News

07/06/2011 (Business Recorder) - Palm oil prices eased on Monday on the European vegetable oil market on expectations for higher palm oil stocks, market sources said.

07/06/2011 (The Star) - April's double digit growth in exports on a year-on-year basis, supported by growth in commodity exports, may be the beginning of a trend going forward.

07/06/2011 (Share Cast) - Equatorial Palm Oil (EPO) has announced a US$4.4m loss before tax for the year to the end of 31 December 2010, which it said was in line with expectations.

07/06/2011 (Focus Taiwan News Channel) - The Ministry of Finance decided Monday to put on hold a tax refund policy for companies affected by the widening food contamination scandal after facing harsh criticism from the general public.

06/06/2011 (The Star) - Kretam Holdings Bhd, a Sabah-based plantation company, said the risks associated with it moving into the production of refined palm oil products is mitigated as there are only two other refineries in Sandakan that would be in competition for the supply of crude palm oil.

06/06/2011 (Business Times) - Commodity exports continued to be strong, driving growth in external demand in April.

06/06/2011 (Business Standard) - Inspired by Confederation of Potato Seed Farmers (POSCON) of Punjab, farmer organisations like Rashtriya Kisan Sangathan is now exploring Ethiopia for opportunities in agriculture. While, the progressive members of POSCON are planning to take about 2,000-5,000 hectares farm land on lease in Ethiopia for growing cash crops like oilseeds, pulses, sugarcane and maize, members of Rashtriya Kisan Sangathan is looking to grow cotton, paddy, non-edible oil seeds and palm land by taking 5,000 hectares land on lease.

06/06/2011 (Business Recorder) - Malaysian palm oil extended gains for a second day on Friday over concerns of adverse weather hurting the US soy crop, which gets crushed into competing soyoil, and prospects of strong demand in the coming months.

06/06/2011 (Bangkok Post) - The retail price of palm cooking oil will remain at 47 baht a litre at least through this month even though supplies are now ample and costs are falling.

06/06/2011 (Bernama) - Rimbunan Sawit Bhd (RSB) Friday announced that its wholly owned subsidiary, R.H. Plantation Sendirian Bhd, has entered into a conditional sale and purchase agreement with Sheba Resources Sdn Bhd for the proposed acquisition of a parcel of land with oil palm plantation at Sungai Luai and Sungai Bawah, Niah, Sarawak for RM118,000,000.

06/06/2011 (Jakarta Post) - It appears rather strange that at a time when Indonesia is poised to become a regional leader in Asia and a global economic player through its membership of the prestigious Group of 20 major economies (G20) the country has been grappling with a mounting wave of nationalistic concern over the stronger foreign dominance of its economy.

06/06/2011 (Bernama) - Minister of International Trade and Industry Datuk Seri Mustapa Mohamed will highlight Malaysia's attractiveness as an investment destination at the 7th World Islamic Economic Forum (WIEF) from June 7-9 in Astana, Kazakhstan.