Archived News

03/01/2011 (Bloomberg) - Palm oil rose to the highest level in more than 33 months on concern that global supplies of cooking oils will shrink after rains disrupted harvests in Indonesia and Malaysia, the biggest producers of the tropical commodity.

03/01/2011 (Intellasia) - Malaysia's palm oil exports fell 19.7 per cent in December compared with the previous month, estimated Societe Generale de Surveillance (SGS), an independent cargo surveyor.

03/01/2011 (Daily News & Analysis) - The markets witnessed a minor resurgence in the traded turnover as the buying conviction returned at the fag end of the calendar year.

02/01/2011 (Mongabay) - In efforts to save the world\'s remaining rainforests great hopes have been pinned on \"degraded lands\" — deforested lands that are presently sitting idle in tropical countries. Optimists say shifting agriculture to such lands will help humanity produce enough food to meet growing demand without sacrificing forests and biodiversity and exacerbating social conflict. But to date, degraded lands remain an enigma, especially in Indonesia, where deforestation continues at a rapid pace. Degraded lands are often misclassified by various Indonesian ministries—land in a far-off province may be listed as \"wasteland\" by Jakarta, but in reality is blanked by verdant forest that sequesters carbon, houses wildlife, and affords communities with food, water, and other essentials. Granting logging and plantation concessions on these lands can result in conflict and environmental degradation.

01/01/2011 (IPP Media) - Kilimo Trust, an organisation dedicated to linking farmers in the East African Community (EAC) plans a palm oil production and processing project in Tanzania and Burundi to cater for local soap producers.

01/01/2011 (Bangkok Post) - Alternative fuel development in Thailand is gathering pace in 2011, as global oil prices are still rising and the country is committed to energy saving and fossil fuel consumption reduction.

01/01/2011 (The Star Online) - LOCAL commodities are set to stay bullish at least until the first half of 2011, thanks to the continued strength of major global commodities, particularly gold and crude oil, which have shown few signs of losing steam.

31/12/2010 (Dow Jones), Kuala Lumpur - Malaysia's palm oil exports in December fell 15% from a month earlier to 1.29 million metric tons, cargo surveyor Intertek Agri Services said Friday.

31/12/2010 (Bernama) - The Malaysia oil Palm Dealers association (MOPDA) has expressed concern over the move by the Malaysian Palm Oil Board (MPOB) to bar dealers from buying and selling oil palm fresh fruit bunches (FFB).

31/12/2010 (Forex Yard) - Indonesia expects output of key plantation crops, including palm oil and rubber, to increase next year on the back of expanded acreage, improving yields and expected good weather, a senior agriculture official said on Thursday.

31/12/2010 (AFP), Jakarta – Indonesia has chosen its Borneo island to conduct a pilot project aimed at cutting greenhouse gas emissions from deforestation, as part of a deal with Norway, an official said Thursday.

30/12/2010 (Business Recorder) - The cooking-oil/ghee manufacturers have increased the price of good quality product like Dalda, Sufi and Habib by Rs 20 per kg and normal quality by Rs 10 per kg within short span of five days, wholesale market traders revealed. Traders at Gunj Mandi Rawalpindi told Business Recorder that one month earlier 5 kg tin of better quality cooking oil was being sold at Rs 810 and 2.5 kg at Rs 420, which are at present being sold at Rs 860 and Rs 440 respectively.