Archived News

28/02/2011 (The Financial Express) - India will process 12% more domestic oilseed crops into cooking oil this year,trimming imports of edible oil by up to 5% in the first such slowing in five years, easing global prices and blunting food-driven inflation.

28/02/2011 (Asiantribune.com) - Acuity Stockbrokers Research Ltd in their market review indicated that the All Share Price Index ( ASPI) gained 39.13 points or 0.51% during the week’s trading to close at 7711.62, while Milanka Price Index ( MPI) lost 72.81 points, amounting to 1.01% to close the week at 7242.16.

28/02/2011 (Financial Times) - Sime Darby, the world’s biggest listed palm oil producer, is considering plans for a 300,000 hectare plantation in Cameroon as the industry rushes to expand in Africa in response to rising demand and near-record prices.

28/02/2011 (The Telegraph) - Finance minister Pranab Mukherjee is expected to announce a slew of import duty cuts in Union Budget 2011-12 to fulfil the commitments in India’s free-trade agreements (FTAs).

28/02/2011 (East African Business Week) - With Uganda expected to start oil production soon, strong progress is being done in the field of bio-fuels to supplement on the available oil and energy in the country.

25/02/2011 (The Star Online) - Plantation companies in Sarawak will have to pay about 15% more in wages to recruit new Indonesian workers soon.

25/02/2011 (The Star Online) - The FTSE Bursa Malaysia KLCI (FBM KLCI) fell below the crucial 1,500 level yesterday, mainly dragged down by plantation stocks amid external uncertainties.

25/02/2011 (Commodity Online) - The refined soya oil futures plunged to 4% intraday lower limit and hit 9-week low on Wednesday on strong selling pressure.

25/02/2011 (Intellasia) - Indonesia will keep its palm oil and cocoa bean export tax for March unchanged from February at 25 percent and 10 percent respectively, a trade ministry official said on Wednesday, confirming an earlier Reuters report.

25/02/2011 (Bloomberg) - Palm oil rebounded from its lowest level in three months after Malaysia, the world’s second-biggest producer, predicted “strong demand” and higher prices for the vegetable oil this year.

24/02/2011 (Bloomberg) - Palm oil production in Malaysia, the second-biggest grower after Indonesia, may gain this year as an improvement in the weather after excessive rain aids yields, an industry group said, forecasting lower prices. Futures plunged.

24/02/2011 (Bangkok Post) - Consumers are feeling slightly less worried about the palm oil shortage after some leading retailers have begun allowing them to buy more than one bottle of cooking oil per visit.