Archived News

29/03/2011 (Business Standard) - Edible oil producing companies such as Ruchi Soya and Godrej Agrovet are planning to expand their raw material sourcing base. The Rs 300 crore subsidy for developing oil palm plantations in the new Union budget has provided another impetus to producers in this regard.

29/03/2011 (The Star) - The increases in dairy raw material prices may potentially drive up prices of dairy products if the high commodity bill continues.

28/03/2011 (The Nation) - Pakistan may import up to 150,000 tonnes of palm oil in April because of less carry over stock, but buying will slow down during the peak summer months of May and June, a top industry official said on Friday.

28/03/2011 (Business Times) - Palm oil dropped for the fifth day on concerns that a decline in exports from Malaysia may boost stockpiles of cooking oil in the world’s second-biggest producer.

28/03/2011 (The Ecologist) - Indonesia's move to bring in a two-year moratorium on new palm oil plantations to protect its remaining rainforests has seen agribusiness giants like Sime Darby switch expansion plans to Cameroon, Ghana and Liberia.

28/03/2011 (Daily Express) - Datuk Seri Musa Aman said he is satisfied with the assistance provided by European Union member states towards Sabah's conservation efforts.

23/03/2011 (The Star) - The upscale revamp of Kuala Lumpur-based Roundtable on Sustainable Palm Oil (RSPO) secretariat, under the stewardship of new secretary-general Darrel Webber, is poised to better position the certified sustainable palm oil (CSPO) initiative to attain more credence and expanded market penetration worldwide.

28/03/2011 (BusinessDay) - Palm oil is native to West Africa. Nigeria used to be the world’s largest producer of oil palm before the oil boom era, but Malaysia has now taken the leading position. Oil palm plantation and allied industries is now the main stay of the Malaysian economy. The palm tree can be used in various ways: the leaves are used in making brooms and for roofing materials (in the rural areas). The bark of the fond can be peeled and woven into baskets, the main trunk can be split like sawn timbers and used as part of building materials, while palm wine can also be obtained from the palm tree, as well as red palm oil, which is readily obtainable from the fresh fruit bunches.

25/03/2011 (The Star) - The plantation sector, one of the most heavily-taxed sectors in the country, is urging the Government to seriously re-consider abolishing or reviewing the imposed crude palm oil (CPO) windfall profit tax (WPT) for the sector.

25/03/2011 (The Star) - A WORKFORCE of around 1.5 million is needed to support growth and development in Sarawak, said Deputy Home Minister Datuk Wira Abu Seman Yusop.

25/03/2011 (Commodity Online) - NCDEX April soyabean futures ended in green on short covering after yesterday’s sharp falls. Delayed harvesting of Brazil’s crop due to due to continuous rain also favored to the bulls. A private forecast for soyabean planted area to come in at 75.269 million acres was seen as supportive as the latest USDA Outlook Forum estimates called for soyabean planted area at 78 million acres as compared with 77.4 million last year. While the USDA outlook forum supply/demand outlook showed ending stocks for the 2011/12 season at 160 million bushels, if plantings are only 75.3 million acres, ending stocks would slip to just 49 million bushels.

25/03/2011 (AllAfrica.com) - The Nigerian Export Promotion Council (NEPC) has signed a Memorandum of Understanding (MoU) with the World Bank in line with its Commercial Agriculture Development Project (CADP) for five states.