Archived News

05/10/2010 (The Star Online), Kuala Lumpur - Global vegetable oil prices, including that of crude palm oil (CPO), are expected to remain firm in the first two quarters of 2011 should soybean production from South America stays flat due to stagnating planted areas, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron.

04/10/2010 (Business Insight) - The Land Bank of the Philippines (Landbank) yesterday said that it has allocated P50 billion for the Food Supply Chain Program in support of the government’s thrusts of attaining food self-sufficiency and increasing agricultural productivity.

04/10/2010 (Carrentals) - UK cosmetics firm The Body Shop have cut commercial links with a major supplier of palm oil after allegations that the company is pushing for the eviction of hundreds of peasants in Columbia where they plan to develop a palm oil plantation.

04/10/2010 (Business Times) - The average price of Malaysia's crude palm oil (CPO) is projected to stay above RM2,600 a tonne for the rest of this year, supported by a firm crude oil price.

04/10/2010 (Bloomberg) - Palm oil fell the most in more than eight months, tracking losses in soybean oil, which plunged as dry weather allowed farmers in the U.S. to speed up harvests of the oilseed and rains helped crops in Brazil and Argentina.

04/10/2010 (Commodity Online) - The crude palm oil futures witnessed a negative trend on Friday on follow through selling and taking cues from weak overseas market.

05/10/2010 (Mother Earth News) - Used in everything from cookies to lipstick, palm oil is a common ingredient in many everyday items. Its use has doubled in the United States over the past four years—mostly because its lack of trans fats makes it easier to label processed foods as “healthy.” Unfortunately its popularity has lead to extensive destruction of tropical forests, which are being cleared to make way for oil palm trees.

04/10/2010 (Bernama), Kuala Lumpur - The Government has allocated RM5 million to five petroleum companies to set up blending facilities and infrastructure to support the implementation of B5 biodiesel usage.

04/10/2010 (The Star Online), Kuala Lumpur - Plantation Industries and Commodities Minister Tan Sri Bernard Dompok has slammed non-governmental organisations (NGOs) and environmentalists for blindly alleging that the palm oil industry was responsible for the destruction of rainforests and orang utan habitats.

04/10/2010 (The Financial Express), Kochi - Coconut oil prices are rallying in the domestic market mostly on global cues where prices of lauric oil, which comprises of coconut and palm kernel oil are moving up surpassing the rise seen in other edible oils.

02/10/2010 (Business Standard) - Edible oils led by groundnut oil fell on the wholesale oils and oilseeds market during the past week on stockists selling owing to slackness in demand at higher levels.

04/10/2010 (GMA News) - Land Bank of the Philippines said Monday it is making available some P50 billion to boost the country’s agricultural productivity under the government’s Food Supply Chain program.