Archived News

03/06/2011 (Bloomberg) - Kuok Khoon Hong and Martua Sitorus, the billionaire founders of the world’s largest palm oil processor, bought Aviva Plc (AV/)’s headquarters building in London for 288 million pounds ($473 million).

03/06/2011 (Bloomberg) - Palm oil gained as a three-day decline in prices spurred investors to buy the commodity and as soybeans climbed on U.S. planting delays.

03/06/2011 (Bernama) - Malaysia recorded a year-on year growth of 10.3 per cent in total trade to RM104.58 billion in April compared with RM94.776 billion registered previously, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

03/06/2011 (Bernama) - Malaysia can achieve between 5.0 and 6.0 per cent economic growth this year, backed by domestic demand and despite the slow global economic recovery amid higher commodity prices, says an economist.

03/06/2011 (Hindu Business Line) - To boost domestic supply of edible oil, state-owned trading company MMTC has invited bids for the import of 20,000 tonnes of RBD palmolein and crude palm oil.

03/06/2011 (Business Times) - Exports, which have been buoyed by commodities, are expected to slow down in April on the back of a correction in commodity prices, economists said.

03/06/2011 (Financial Express) - Cooking oil imports by India, the biggest user after China, may rebound next year as record prices prompt farmers to devote more area to cotton than oilseeds, according to Govindlal G. Patel “Farmers earned four times more from cotton than oilseeds last year,” Patel, who’s been trading oils for more than four decades, said in a phone interview from Rajkot. “Oilseeds farmers are not excited over prediction of a normal monsoon this year.”

02/06/2011 (Bloomberg) - Palm oil declined to the lowest level in a week on speculation that output from Malaysia, the second- largest producer, may have expanded as much as 20 percent in May, and on expectations that global oilseed output will grow.

02/06/2011 (Reuters) - Indonesian palm oil plantation firm Citra Borneo Indah is aiming to raise between $200 million to $360 million in an initial public offering during the second half of this year, three sources familiar with the deal said on Wednesday.

02/06/2011 (ASEAN Automotive News) - The palm oil-based B5 biodiesel programme began as scheduled today – the fuel was officially launched by Plantation Industries and Commodities Minister Tan Sri Bernard Dompok at the Petronas station in Precinct 9D in Putrajaya earlier this evening.

02/06/2011 (Market Wire) - Feronia Inc. ("Feronia" or the "Company")(TSX VENTURE:FRN) is pleased to announce that has now established the necessary barging capacity to transport all fruit produced at its Yaligimba Plantation to its mill at Lokutu Plantation.

02/06/2011 (FoodNavigator.com) - Dow Agrosciences is confident sales volumes of its omega-9 mono-unsaturate-rich oils will triple in the next two-to-three years as manufacturers making everything from breakfast cereal to microwave popcorn try to cut saturated fat.