Archived News

22/02/2011 (MCOT.NET) – Bank of Thailand (BoT) Deputy Governor Atchana Waiquamdee on Monday revealed the central bank was keeping a close watch on the country's accelerating inflation rate.

Porntiva calls for govt to allocate B1bn budget.

21/02/2011 (The Star Online) - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be traded around the RM3,600 to RM3,800 per tonne level this week as some investors might pull back investments in local commodities, dealers said last week.

21/02/2011 (Nigerian Compass) - As tariff on food imports rise, African countries are spending about $50billion on food imports every year. From the amount, Nigerian spends $5billion while Ghana spends S1billion.

21/02/2011 (Commodity Online) - Soybean prices tracked global trends to fall in Indian markets while chana prices declined on arrivals and sluggish domestic demand. Soybean prices fell at CBOT after US exports to China fell on scrapping of an order signaling importers may be switching to South American supplies, according to a Bloomberg report.

21/02/2011 (The Nation) - The government is expected by tomorrow to crack the palm oil crisis without having to spend Bt1 billion to freeze the price, as suggested by the Commerce Ministry.

20/02/2011 (AsiaOne) - Deputy Prime Minister Suthep Thaugsuban, who chairs the national palm-oil policy committee, yesterday pledged to come up with effective measures to solve the acute shortage of cooking oil next week.

20/02/2011 (Business Standard) - Select edible oil prices continued their upward movement on the wholesale oils and oilseeds market during the past week on persistent buying by vanaspati millers, buoyed by the ongoing marriage season.

20/02/2011 (The Jakarta Post) - In an effort to reduce prices, the government may issue a regulation requiring state oil and gas company PT Pertamina to use biofuels in producing non-subsidized fuels, a senior official said Friday.

20/02/2011 (The Nation) - Major edible oil producer Morakot Industry Co came under the spotlight yesterday after authorities found it had not used a 1,400-tonne government-issued inventory of palm oil to produce bottled cooking oil despite acute shortage.

20/02/2011 (The New Straits Times) - Prime Minister Datuk Seri Najib Tun Razak says Malaysia is capable of repeating its strong economic performance this year if the growth momentum continues although faced with uncertain external challenges.

19/02/2011 (The Star Online) - India sees continued demand for Malaysian palm oil this year, given the current shortage of edible oils in the country, said India Commerce and Industry Minister Anand Sharma.