Archived News

13/05/2011 (foodanddrinkeurope.com) - A new deal is set to result in a huge injection of palm oil from certified sustainable sources into Europe and could spell the death knell for green certificates, said New Britain Palm Oil Limited.

13/05/2011 (Business Daily Africa) - Cooking oil manufacturers are racing to avert an impending shortage in the region following the hijacking by pirates of a ship carrying palm oil – a key ingredient used in manufacture of the product.

13/05/2011 (The Borneo Post) - JT Oil Palm (JTOP) Development Sdn Bhd signed a biogas Clean Development Mechanism (CDM) project agreement with GenPower Carbon Solutions LP (GPCS) yesterday to create sustainable development.

13/05/2011 (Bernama) - The European Palm Oil Council (EPOC) is expected to be operational by year-end, said Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok.

12/05/2011 (Daily Express) - The crude palm oil (CPO) price is expected to trade above RM3,000 per tonne in the second half of this year despite falling commodity prices following a slowdown in global economic growth.

12/05/2011 (Deccan Chronicle) - An increasing number of farmers in Kerala are shunning traditional paddy cultivation and are instead taking to oil palm cultivation as it is more profitable, thanks to the subsidies given to them and the prevailing high prices in the market.

12/05/2011 (Jakarta Post) - The Indonesian palm oil industry can increase its output by enhancing the productivity of smallholder plantations through intensification programs, an association executive says.

12/05/2011 (Ceylon Daily News) - Use of palm oil in the country has rapidly increased due to the increase of coconut oil prices with the coconut shortage in the country, said Coconut Research Institute Acting Director Dr Jayantha Gunathilake. He said that there is a huge price difference between coconut oil and palm oil now. The price of coconut oil has increased also because of the high demand for it in the international market, he added.

12/05/2011 (The Star) - Trading in ACE Market-listed Ecofuture Bhd’s shares will be suspended from May 10 until further notice due to the company’s failure to submit its audited accounts for the financial year ended Dec 31, 2010.

11/05/2011 (The star) - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) continued to close on a positive note despite the higher palm oil production and stock figures for April released by the Malaysian Palm Oil Board (MPOB) yesterday.

11/05/2011 (Bernama) - Malaysia's palm oil stocks, production and exports rose in April this year, while imports declined compared with the previous month.

11/05/2011 (Business Standard) - Crude palm oil prices rose for the second straight day by adding Rs 3.90 to Rs 520.80 per 10 kg in futures trade today as speculators enlarged their positions on the back of a rising trend at spot markets.