Archived News

07/04/2011 (India Infoline.com) - Domestic Soya Oil spurted around 0.95% in the early trading session triggered by short covering tracking the positive global markets.

07/04/2011 (Channel News Asia) - Singapore shares tracked gains on Chinese and Hong Kong bourses to end 0.7% higher on Wednesday, with the blue-chip Straits Times Index (STI) closing 23.58 points higher at 3,170.33.

07/04/2011 (India Infoline.com) - The edible oil market witnessed firm trend on the back of bullish undertone in the global palm and soya oil futures market. Despite lower closing of the Malaysian market, palmolein rose by Rs. 8 and soya refined oil increased by Rs. 12 for 10 kg, in Mumbai. Groundnut oil with a gain of Rs. 10 touched Rs. 800-mark. Cotton refined, sunflower oil and rapeseed oil increased by Rs. 5 respectively in line with imported oils.

06/04/2011 (Reuters) - The World Bank last week lifted an 18-month global ban on lending for new palm oil investments after a review, a move that may spur some expansion in the $30 billion industry.

06/04/2011 (Jakarta Post) - The United States hopes to seek new business opportunities and enhance bilateral cooperation with Indonesia by sending an agribusiness, trade and investment delegation mission.

06/04/2011 (Bloomberg) - Olam International Ltd., a Singapore-based farm commodities trader, will invest 413 billion CFA francs ($890 million) in a palm oil project in Gabon, the African nation’s Ministry of Agriculture said.

06/04/2011 (Bloomberg) - Cooking oil imports by north African countries slowed in the first quarter because of high prices, Oil World said.

06/04/2011 (ISIS) - Spot prices of 80/20 blend soap noodles in Asia may remain weak this month despite an anticipated pick-up in demand, as producers benefit from falling costs of feedstocks, industry sources said on Wednesday.

06/04/2011 (Business Standard) - One main stumbling block has been failure to ensure all 10 South-East Asian countries come on board.

05/04/2011 (The Star) - Sime Darby Plantation Sdn Bhd, a unit of Sime Darby Bhd, yesterday signed a memorandum of understanding (MoU) with Malaysia's national power producer, Tenaga Nasional Bhd (TNB), and Japanese industrial conglomerate Mitsui & Co Ltd to conduct a feasibility study on the potential of biogas projects at eight of its palm oil mills spread across Peninsular Malaysia.

05/04/2011 (Bloomberg) - Palm oil increased to the highest in two weeks, paced by gains in corn and soyabeans after a U.S. government report showed inventories fell from last year and soybean plantings will drop.

05/04/2011 (The Borneo Post) - The government through the Malaysian Palm Oil Board (MPOB) will allocate RM7, 000 per hectare to smallholders for them to participate in the replanting and new planting of oil palms.