Archived News

06/04/2011 (Bloomberg) - Cooking oil imports by north African countries slowed in the first quarter because of high prices, Oil World said.

06/04/2011 (ISIS) - Spot prices of 80/20 blend soap noodles in Asia may remain weak this month despite an anticipated pick-up in demand, as producers benefit from falling costs of feedstocks, industry sources said on Wednesday.

06/04/2011 (Business Standard) - One main stumbling block has been failure to ensure all 10 South-East Asian countries come on board.

05/04/2011 (The Star) - Sime Darby Plantation Sdn Bhd, a unit of Sime Darby Bhd, yesterday signed a memorandum of understanding (MoU) with Malaysia's national power producer, Tenaga Nasional Bhd (TNB), and Japanese industrial conglomerate Mitsui & Co Ltd to conduct a feasibility study on the potential of biogas projects at eight of its palm oil mills spread across Peninsular Malaysia.

05/04/2011 (Bloomberg) - Palm oil increased to the highest in two weeks, paced by gains in corn and soyabeans after a U.S. government report showed inventories fell from last year and soybean plantings will drop.

05/04/2011 (The Borneo Post) - The government through the Malaysian Palm Oil Board (MPOB) will allocate RM7, 000 per hectare to smallholders for them to participate in the replanting and new planting of oil palms.

05/04/2011 (Tempo Interaktif) - A reference price to determine crude palm oil (CPO) exit duties using local stock exchange is considered to be the best method. According to Fadhil Hasan, the Executive Director of the Indonesia Palm Oil Entrepreneurs, the exit duties could be determined by using a reference price based on the rupiah.

05/04/2011 (Live Trading News) - Palm oil futures rallied on Monday in Kuala Lumpur, an increase in prices of soyoil will increase demand for palm oil.

05/04/2011 (Business Times) - Sime Darby Bhd, the world’s biggest publicly traded palm oil producer, expects output of fresh fruit bunches to be “slightly higher” this year, according to a company official.

04/04/2011 (Business Times) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week driven by external influences, dealers said.

04/04/2011 (Reuters) - Norway\'s $550 billion sovereign wealth fund will keep investing in Southeast Asian oil palm planters but may exclude firms that severely damage the environment, a Norwegian finance ministry official said, as green groups step up their campaign against the industry.

04/04/2011 (Survival International) - Malaysia’s palm oil lobby has launched a new website to counter ‘propaganda’ about the controversial industry, which has faced strong criticism from Borneo tribes and international organizations.