Archived News

15/06/2010 (Solomon Star) - PALM oil production records a steady and mix growth in the month of April, according to the Central Bank monthly economic bulletin.

14/06/2010 (Channel News Asia), Singapore - Commodities player Noble Group has acquired a 51 per cent stake in Indonesia's PT Henrison Inti Persada to expand its edible oil supply chain and secure a continuous flow of crude palm oil.

14/06/2010 (Business Times, Malaysia) - MALAYSIAN biofuel exports to the European Union (EU) will grow in the coming years, due to the renewable fuel policy which gives incentives to operators that produce sustainably, said the EU ambassador Vincent Piket.

15/06/2010 (Bloomberg) - Palm oil futures declined on concern that supplies may increase in the coming months while a set of export data indicated a possible drop in demand from China, the biggest user of edible oils.

13/06/2010 (Jakarta Globe) - The government’s plan to impose a moratorium on the development of peatland and primary forest areas as a follow-up to a conservation agreement with Norway has prompted the palm oil plantation business community to ask for official clarity on which areas can and cannot be developed.

12/06/2010 (Bernama), Kuala Lumpur - Malaysia's palm oil exports and earnings this year will be better than last year's due to growing demand for vegetable oil from countries like China, India and Russia.

11/06/2010 (Voice of America) - Starting next year, Indonesia will impose a moratorium on new development projects in rain forest regions. It is part of a broad effort to both protect the country's vital palm oil industry, and its forests.

11/06/2010 (Bloomberg) - Palm oil futures fell a fifth day, the longest losing streak in five months, as seasonal supply concerns are compounded by record soybean harvests.

11/06/2010 (Biofuels Digest) In Brussels, the EU Energy Commissioner presented the EU’s proposed guidelines on sustainable biofuels. The package includes three primary principles:

11/06/2010 (Channel News Asia), Singapore - Mainboard-listed palm-oil producer Global Palm Resources Holdings has reported a net profit of about S$1.7 million for its first quarter ended March 31.

11/06/2010 (The Express Tribune), Karachi - Edible oil manufacturers have expressed dissatisfaction over the recently announced cut of Rs1,000 in duty on crude palm oil imports.

10/06/2010 (Planet Save) - Palm plantations that produce the oil used in biofuel, like this one in Malaysia, aren’t as “green” as some may think. A Natural fuel source doesn’t always mean positive environmental effects.