Archived News

14/06/2011 (Bloomberg) - Palm oil prices may fluctuate at current levels as production from Indonesia continues to grow, the nation’s trade minister Mari Pangestu said.

14/06/2011 (Reuters) - Indonesia's Sinar Mas expects to produce 2.3 million tonnes of palm oil this year, or about 10 percent of the country's total, said Franky Widjaja, head of the conglomerate's agribusiness and CEO of Golden Agri-Resources (GAR).

14/06/2011 (Business Times) - Malaysian plantation companies such as Kulim Malaysia Bhd fell after palm oil futures slid for a sixth day as cooking oil stockpiles surged to the highest level in 16 months.

14/06/2011 (FoodManufacture.co.uk) - Press reports last month slated the GreenPalm certification scheme for perpetuating unsustainable palm oil sourcing. It is backed by the Roundtable on Sustainable Palm Oil and exhorts firms to buy certificates guaranteeing investment in sustainable palm production to offset sourcing standard palm.

14/06/2011 (Business Recorder) - Malaysian palm oil futures hit over one-month lows on Monday, extending losses from the previous session, as expectations of stronger output and higher stocks continue to weigh.

14/06/2011 (Myanmar Times) - While the falling exchange value of the dollar is grim news for exporters, it’s creating a difficult environment for importers as well.

14/06/2011 (Food Product Design) - Cargill is now offering Roundtable on Sustainable Palm Oil (RSPO) certified palm oil to North American food manufacturers. The move, announced at the 2001 IFT Food Expo, further supports the company's goal to import sustainably grown palm oil.

14/06/2011 (Tempo Interactive) - The government is cooperating with 14 companies to intensify agriculture sector. The Coordinating Minister for the Economy, Hatta Rajasa, said one of the commitments made at the World Economic Forum for East Asia 2011 was boosting the food sector. “The concrete form is called the 20-20-20," he said in Jakarta yesterday.

14/06/2011 (Business Day) - The agricultural sector of the Nigerian economy has since the discovery of crude oil been neglected by government as more of the farmers in the country are now engaged in subsistence farming, where only small quantity of agricultural produce are provided for the immediate family.

13/06/2011 (The Star) - Malaysia's May palm oil stocks rose nearly 15% to their highest in 16 months as production overtook exports, potentially weighing on benchmark futures.

13/06/2011 (Borneo Post) - Daitoku Sdn Bhd (Daitoku), specialising in eco-friendly technology has over the years successfully introduced innovative and efficient solutions to convert empty fruit bunches (EFB) into compressed organic fertilisers.

13/06/2011 (Borneo Post) - Innovating systems to improve an industry is no easy feat, especially when it comes to a major industry such as the palm oil sector.