Archived News

16/03/2011 (Commodity Online) - NCDEX April soyabean futures fell sharply due to weak overseas market as higher production estimates of Brazil amid favorable weather condition for crop. Higher production estimates of China’s soyabean coupled with inflationary concern may decline demand of global oilseeds. Higher production estimates of India’s Rabi oilseeds are also in favour of the bears.

16/03/2011 (The Jakarta Post) - Chairman of the European Union (EU) Delegation for Relations with the countries of Southeast Asia and ASEAN, Dr. Werner Langen, was visiting Indonesia from Feb. 21-25, 2011.

16/03/2011 (Manila Buletin) - From a seemingly endless price increases in the past two months, consumers are now assured of a respite as prices of basic goods are stabilizing including flour, cooking oil, milk and sugar.

15/03/2011 (Bloomberg) - Palm oil tumbled to the lowest level in more than three months on concern that Japan’s worst earthquake on record may slow global economic recovery, cooling demand for commodities.

15/03/2011 (The Star Online) - Global environmental organisation Wetlands International has called for an end to incentives for biofuels in the European Union (EU).

15/03/2011 (The News International) - Malaysian palm oil futures reversed earlier gains on Monday, falling to a three and a half month low as investors sought safe-haven assets after last week’s earthquake in Japan, and easing unrest in the Middle Eastweighed on crude oil.

15/03/2011 (The Borneo Post) - An initial allocation of about RM14 million had been approved by the federal government for subsidising oil palm planting scheme in the state.

15/03/2011 (Nigerian Compass) - Oil palm exports have been described as another potential source of revenue for the country. It is believed that it could generate over $50m (about N7.5 billion) in foreign exchange yearly. This is at a time the Federal Government expressed commitment to the revival of the oil palm industry.

15/03/2011 (Channel News Asia) - Thailand faces shortages of staples as the global cost of food skyrockets; the country faces shortages of cooking oil and sugar due to government price controls and hoarding.

14/03/2011 (Business Times) - Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to consolidate further next week amid uncertainties in the global market, dealers said.

14/03/2011 (The star Online) - Premium Renewable Energy (M) Sdn Bhd confirmed that it has selected US-based Envergent Technologies LLC, a Honeywell unit to undertake the engineering design for the first bio-oil plant in Malaysia that will use Envergent’s RTP (Rapid Thermal Processing) technology to convert palm biomass into renewable heat and electricity.

14/03/2011 (Borneo Post Online) - In January, I spoke in a Bursa Malaysia seminar on the market forecast of regional indices and outlook of Malaysia markets. The contents covered the imminent threat of global inflation on food and energy prices. Other pointers highlighted to the audience were the necessity to hedge into Crude Palm Oil (CPO) while shaving the equity portfolio.