Archived News

25/10/2010 (Bernama) - The Economic Transformation Programme (ETP) roadmap will see the natural growth of Malaysia's palm oil industry to capture three business opportunities worth RM57.6 billion by 2020.

24/10/2010 (Jakarta Globe), Jakarta - Approaching the 100th anniversary of the palm oil industry in Indonesia, producers of the commodity find themselves wrestling with environmental campaigns accusing them of widespread deforestation, which has led to costly boycotts by major global buyers.

23/10/2010 (The Star Online), Petaling Jaya - Factors that may curb the uptrend of crude palm oil (CPO) price in the near term could be the release of higher-than-expected October production numbers, improved soya bean planting in South America due to better weather conditions, a stronger US dollar or if China revalues its currency, said plantation analysts.

23/10/2010 (Green Prophet) - We may not realize it, but palm oil, made from both coconuts and palm nuts, is one of the main causes of the wholesale destruction of rainforests in many parts of the world, especially in Indonesia.

23/10/2010 (Business Standard) - Edible oil prices continued to rise for the third week in a row in the wholesale oils and oilseeds market, supported by rising demand from millers as well as retailers, driven by the festive and marriage season.

23/10/2010 (The Jakarta Post) - The Indonesian Palm Oil Producer Association (GAPKI) will celebrate the 100th anniversary of the palm oil industry in Indonesia by organizing a series of seminars, exhibitions, sports tournaments and charity events in March 2011.

23/10/2010 (The Star Online), Kuala Lumpur - The European Union Renewable Energy Directive (EU RED) and its sustainability criteria will not affect Malaysia’s palm oil exports to the EU market for consumer products like food, cosmetics and detergents, according to ambassador and head of the EU delegation to Malaysia Vincent Piket.

23/10/2010 (The Star Online), Kuala Lumpur - The demand for certified carbon emissions (CER) or carbon credits will continue to increase among developed nations despite the Kyoto Protocol’s Clean Development Mechanism (CDM) agreement expiring by 2012.

22/10/2010 (Sceptre International) - Palm-based biomass power plants in Sabah state in Malaysian Borneo, with the construction of the first plant set to begin by the middle of next year.

22/10/2010 (Reuters) - Production of sustainable certified palm oil needs to increase about fivefold in the next five years, to meet buyers' commitments, the British unit of Swedish oils manufacturer AAK said on Friday.

21/10/2010 (Sabah Today), Kota Kinabalu - The oil palm industry in Sabah cannot replace the role of Sabah Electricity Sdn Bhd (SESB) in power generation.

19/10/2010 (Palm Oil Prices.net) - Cooking oil imports by India, the biggest consumer after China, may tumble this month, potentially driving prices lower, after a jump in palm oil futures to a 26- month high made purchases unprofitable for traders.