Archived News

10/08/2010 (Reuters) - India will buy $1.5 billion in Argentine soyoil in 2010, almost three times more than last year, the Indian Ambassador to Buenos Aires said on Monday, indicating the Asian country will continue easing the impact of a Chinese boycott of Argentine soyoil.

09/08/2010 (Reuters) - Indonesia may propose palm oil plantations be eligible to earn carbon credits under a U.N.-backed scheme aimed at preserving forests, a forestry ministry official said on Monday.

06/08/2010 (Bloomberg) — Palm oil harvesting in Malaysia, the world’s second-biggest producer, may be disrupted in November and December as the La Nina weather event causes flooding in major growing areas, the country’s state forecaster said.

06/08/2010 (Dow Jones), Kuala Lumpur - India, the second-largest vegetable oils consumer after China, may purchase more palm oil in the next two months than soyoil, as palm oil''s discount has widened, a Mumbai-based trading executive said Friday.

05/08/2010 (Asian Trends Monitoring), Indonesia - Palm oil giant Sinar Mas Agro Resources and Technology, accused by green groups of clearing valuable forest, aims to expand its plantations by 50,000 hectares a year, the company’s president director said on Thursday.

05/08/2010 (Bloomberg) - Pakistan, the world’s third-biggest importer of palm oil, will increase purchases of the vegetable oil and rapeseed from overseas this year as demand climbs during the holy month of Ramadan, a refiners’ group said.

05/08/2010 (The Star Online), Kuala Lumpur - Malaysia has a strong case against the European Union’s Renewable Energy Directive’s (EU RED) requirements for palm oil use as biofuel should it file a discrimination claim to the World Trade Organisation (WTO), said European Centre for International Political Economy director Fredrik Erixon.

04/08/2010 (Agrimoney.com) - Would Turnaround Tuesday lead on to Wobbly Wednesday? Not in early deals, with wheat picking itself up from its first negative close in a week to get back on the offensive.

04/08/2010 (Press Trust of India) - Select edible oil prices rose by Rs 20 per quintal in the wholesale oils and oilseed market today on buying by vanaspati units amid firming global trend.

04/08/2010 (The Jakarta Post) - Agriculture Minister Suswono has urged the Riau provincial administration to set aside at least 1 million hectares of oil palm plantation to support an integrated cattle breeding and oil palm (SISKA) program.

03/08/2010 (Farm Chemicals International) - Global demand for palm oil is expected to grow more than 50% by 2020 because of rising popularity and consumption in Asia. China and India are the largest net importers of palm oil, much of which comes from predominantly from Malaysia and Indonesia.

03/08/2010 (Ghana News Agency) - Kwame Korankye, 37, unemployed, was on Tuesday sentenced to 12 months imprisonment in hard labour for stealing two drums of palm oil valued at GHC 500 by the Kade District Magistrate Court.