Archived News

22/06/2011 (Food Navigator) - It could be years before certified sustainable palm oil (CSPO) derivatives are affordable for most US food manufacturers, although changes to the ‘mass balance’ option for sustainable palm could bring prices down, suppliers have admitted.

22/06/2011 (WorldCrop.com) - Eka Tjipta Widjaja, the head of palm oil giant Sinar Mas Group, has climbed to the top of Indonesia’s rich list, according to the business magazine Globe Asia.

22/06/2011 (The Star) - Labour shortage, low wage structure, the Roundtable on Sustainable Palm Oil (RSPO) certification, stagnating yield, high taxes and levies as well as Malaysia losing its competitiveness in the palm-based downstream activities to Indonesia, hogged the limelight at the Incorporated of Society of Planters National Seminar 2011 (ISP NATSEM 2011) yesterday.

22/06/2011 (Assam Tribune) - The Mizoram Agriculture department has claimed that more oil will be cultivated from palms in Mizoram in an area covering about 3,000 hectares under Integrated Scheme of Oilseed Oilpalm and Maize (ISOPOM).

22/06/2011 (Bernama) - Industry players here want the increase in the levy on foreign workers, especially in the plantation, construction and services industries, to be reduced to sustain economic growth.

22/06/2011 (TodayIR) - China Green (Holdings) Limited, (HK:0904), ("China Green", the "Group", or the "Company"), a leading branded food and beverage company and integrated green-food provider in China, today issued a response regarding the severe floods in Hubei and Jiangxi provinces in China. In addition, the Company announced that it has performed independent third-party laboratory tests on its selected multi-grain branded beverage products, and the results showed no evidence of DEHP.

22/06/2011 (The News International) - The middlemen continued to stoke the price-hike of food items in the wholesale and retail markets ahead of Ramazan, traders said on Tuesday.

22/06/2011 (News Maker) - Thursday’s recommendation by the Senate Community Affairs Legislative Committee to reject a bill that requires mandatory labeling of palm oil in food products will mean that Australians are kept in the dark as palm oil continues to be labelled as vegetable oil.

22/06/2011 (Renewable Energy World) - Spanish petrochemical company Cepsa plans to make 26.4 million gallons of biodiesel at three factories in Southern Spain.

22/06/2011 (Business Times) - Malaysia’s trade surplus with the United States is declining following rising imports from the world's biggest economy, says the New York office of the Malaysia External Trade Development Corporation (Matrade).

21/06/2011 (Bernama) - Open interest for crude palm oil futures (FCPO) on Bursa Malaysia Derivatives (BMD) hit an all-time high of 115,257 contracts on Monday, surpassing the previous record of 113,415 contracts on June 10, 2011.

21/06/2011 (Reuters) - Malaysian palm oil firm Kuala Lumpur Kepong (KLK) denied on Monday it had breached Indonesia's two-year forest clearing ban on the first day it was signed to law, calling the allegation by an environmental group "preposterous".