Archived News

08/04/2011 (The Star) - The FBM KLCI ended lower by 4.44 points, or 0.28%, at 1,557.49 on Friday, amid profit taking activities in selected heavyweights.

08/04/2011 (Reuters) - An industry body for eco-friendly palm oil has censured Malaysia's No.2 planter IOI Corp for green violations but consumer giant Unilever (UNc.AS), one of the firm's biggest buyers affirmed their supply ties.

08/04/2011 (Guttridge) - Firms working in the seed oil extraction sector have been boosted by the news that a major restaurant chain is switching to rapeseed oil.

07/04/2011 (The Star) - IOI Corp Bhd, the country's second-biggest listed palm-oil company, is being scrutinised by an industry group following allegations about land disputes and illegal deforestation.

07/04/2011 (Business Standard) - Crude palm oil prices moved up by Rs 3.30 to Rs 523.20 per 10 kg in futures trade today as speculators created fresh positions, supported by a firming global trend.

07/04/2011 (MSN News) - Malaysia on Tuesday said its exports, the mainstay of the country's economy, rose 10.7 percent year-on-year in February although at a slower rate than the previous month.

07/04/2011 (India Infoline.com) - Domestic Soya Oil spurted around 0.95% in the early trading session triggered by short covering tracking the positive global markets.

07/04/2011 (Channel News Asia) - Singapore shares tracked gains on Chinese and Hong Kong bourses to end 0.7% higher on Wednesday, with the blue-chip Straits Times Index (STI) closing 23.58 points higher at 3,170.33.

07/04/2011 (India Infoline.com) - The edible oil market witnessed firm trend on the back of bullish undertone in the global palm and soya oil futures market. Despite lower closing of the Malaysian market, palmolein rose by Rs. 8 and soya refined oil increased by Rs. 12 for 10 kg, in Mumbai. Groundnut oil with a gain of Rs. 10 touched Rs. 800-mark. Cotton refined, sunflower oil and rapeseed oil increased by Rs. 5 respectively in line with imported oils.

06/04/2011 (Reuters) - The World Bank last week lifted an 18-month global ban on lending for new palm oil investments after a review, a move that may spur some expansion in the $30 billion industry.

06/04/2011 (Jakarta Post) - The United States hopes to seek new business opportunities and enhance bilateral cooperation with Indonesia by sending an agribusiness, trade and investment delegation mission.

06/04/2011 (Bloomberg) - Olam International Ltd., a Singapore-based farm commodities trader, will invest 413 billion CFA francs ($890 million) in a palm oil project in Gabon, the African nation’s Ministry of Agriculture said.