Archived News

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.

11/05/2011 (Business Times) - ECM Libra Capital Sdn Bhd raised its forecast for crude palm oil average prices for 2011 to RM3,000 a metric ton from RM2,700 a ton due to the “high” average prices in the first quarter.

11/05/2011 (Myanmar Times) - The value of export credits has shot upward in the wake of the Ministry of Commerce decision on April 9 to allow more companies to import palm oil.

11/05/2011 (Business Standard) - Select edible oils rose by up to Rs 30 per quintal in the wholesale oils and oilseeds market today on increased offtake by vanaspati millers, supported by a firming global trend.

10/05/2011 (Bloomberg) - Wilmar International Ltd. (WIL), the world’s biggest palm-oil producer, will partner with a rival to refine and sell cooking oil in Europe, seeking to ease its reliance on China.

10/05/2011 (The Star) - Many are aware that the targeted gross national income for the oil palm sector at RM187bil by 2020 from the current RM60bil is considered a tall order by industry practitioners.

10/05/2011 (Business Times) - Malaysia’s palm oil exports rose 16.6 per cent in the first 10 days of May from the same period in April, independent market surveyor Intertek said.