Archived News

03/05/2011 (The National) - Palm oil may be suffering from indigestion. Spot prices for the commodity, one of the world's most widely used edible oils, have slipped in recent months as output climbs.

03/05/2011 (Reuters) - Indonesia will form a body to manage, monitor and clarify its mandatory green palm oil industry scheme within two weeks, an agriculture ministry official said.

03/05/2011 (News Straits Times) - It appears to be a case of communication breakdown.European investors are lining up money to fund biomass projects in Malaysia but the local oil palm plantation industry doesn\'t seem to know this.

03/05/2011 (The Star) - The FBM KLCI ended the morning trade lower by 3.62 points, or 0.24% at 1,531.33 on Tuesday.

29/04/2011 (Channel News Asia) - Chinese Premier Wen Jiabao has said China will continue its steady import of crude palm oil from Malaysia.

29/04/2011 (Bloomberg) - Palm oil advanced for the first time in four days on speculation importers led by India may boost purchases, and as a gain in crude oil increased the appeal of the vegetable oil as a biofuel.

29/04/2011 (Forex Pros) - China, the world's No.2 vegetable oil buyer, must cut its import duties for palm oil to help boost Indonesian exports which are seen little changed at 2 million tonnes this year, an industry association said on Thursday.

29/04/2011 (India Infoline) - the edible oils ruled weak in the absence of demand. Palmolein and soya refined oil ruled steady despite Malaysian crude palm oil (CPO) continuing to rule lower. In Mumbai market, groundnut oil after witnessing a jump of Rs. 40 in last one week, dropped Rs. 10. In Saurashtra, groundnut oil came down by Rs. 20 to Rs. 1,275 (Rs 1,295) for telia tin and Rs. 15 to Rs. 825 (Rs 840) for 10-kg loose. Rapeseed oil and cotton oil also declined by Rs. 7 and Rs. 5 respectively. Soya oil, palmolein and sunflower oil ruled steady.

29/04/2011 (Bernama) - China is keen to increase investment in Malaysia, especially in the resource-based industry in Sarawak, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

29/04/2011 (Borneo Post) - The wholly-owned subsidiaries of Bintulu Port Holdings Bhd (Bintulu Port) are expected to benefit from potential new cargo coming their way after seeing improvement in its results for Financial Year (FY) 2010.

29/04/2011 (Reuters) - Astra International, Indonesia's main vehicle distributor and biggest listed company, on Thursday said its first quarter 2011 net profit rose 43 percent, driven by higher coal and palm oil prices.

29/04/2011 (Mongabay.com) - Indonesia's low carbon development strategy will not impede the palm oil industry's growth said a key Indonesian climate official during a meeting with leaders from the country's palm oil industry.