Archived News

27/07/2009 (Xinhua) - Indonesia, the world largest palm oil producer, would increase its palm oil plantation by 400,000 hectares this year, Antara news agency reported here Friday.

21/07/2009 (The Jakarta Post) - The European Union has pledged to offer incentives to Indonesia’s palm oil producers that promote an eco-friendly management to slash emissions.

25/07/2009 (The Star Online), Petaling Jaya - Average crude palm oil (CPO) prices in the third quarter will likely hit RM1,700 to RM1,900 per tonne from earlier estimates of RM2,000 to RM2,200 due to unexpectedly high edible oils inventory in China and India, analysts said.

23/07/2009 (Gerson Lehrman Group) - El Nino is now officially back. If it continues to strengthen it will impact weather and crops in some major growing areas around the world including India, Malaysia, Indonesia, Australia, Brazil and the USA. It is a question of how strong it gets and how long it lasts, but the first impacts appear to be visible already in India.

23/07/2009 (Macau News), Sao Tome, Sao Tome and Principe - French consortium SOCSINCO plans to invest US$50 million in a palm oil factory at Roça Sundy, on the island of Principe, and refurbish the Ribeira Peixe oil factory, in Sao Tome, Portuguese news agency Lusa reported Wednesday.

23/07/2009 (Bloomberg) - India, the world’s largest vegetable oil buyer after China, may produce fewer oilseeds as dry weather in the biggest growing areas reduced monsoon sowing of peanuts, soybeans and sesame seeds.

21/07/2009 (China Knowledge) - Singapore-based Wilmar International Ltd, the world's largest listed palm oil firm, plans to list its China operations in Hong Kong in the first half of next year, said unnamed sources, the South China Morning Post reported on Monday.

21/07/2009 (The Star Online), Petaling Jaya - The world’s Palm Oil Buyers’ Scorecard is expected to be out in October, says WWF International Palm Oil Industry Engagement senior manager Darrel Webber.

21/07/2009 (The Star Online) - PRESSING “old” issues hampering the progress of small and medium oil palm plantation operators must be taken seriously in the preparation of Budget 2010, set to be tabled in Parliament this October.

21/07/2009 (allAfrican.com) - The year 2009 will end on a happy note for the population of Bakassi following the announcement by PAMOL authorities of the extension of the company's plantation to the region. The project which will be supported by the government in a bid to pull the Cameroonian population to the area is expected to create opening for 150 direct jobs and 300 indirect employment opportunities.

21/07/2009 (Reuters), Jakarta - Indonesia's PT Bakrie Sumatra Planations said on Tuesday it expects its palm oil output to rise 17 percent to 420,000 tonnes in 2010, boosted by increased output from maturing plantations.

20/07/2009 (The Star Online), Petaling Jaya - Biodiesel production has slowed significantly since early this year as demand falls amid the economic slowdown and as the price of crude palm oil (CPO) continues to stay higher than that of crude oil.