Archived News

24/05/2009 (NST Online) - THE Round Table on Sustainable Palm Oil Process (RSPO) could help get paraquat banned in Malaysia.

23/05/2009 (The Star Online) - EVEN as European economies scramble to regain their foothold from the economic and financial quagmire, palm oil exports to the EU remains a Catch 22 for Malaysia’s palm oil industry as sustainably grown and certified sustainable oil palm remains a target for lawmakers in the EU.

22/05/2009 (Reuters) - Funny thing about the biofuels business. Roughly 200 companies are pursuing the perfect biofuel -- as cheap as fossil fuels, adaptable to today’s infrastructure, low-carbon, sustainable and no threat to the food supply or to tropical forests. But even cutting-edge startups that say they have the puzzle just about solved can’t raise the money they need to get into commercial production.

23/05/2009 (The Star Online) - THE Roundtable on Sustainable Palm Oil (RSPO) aims to continue to improve the RSPO standard, which it feels is among the best for any agricultural production in the world.

23/05/2009 (The Star Online) - THIS month didn’t start well for the plantation industry. Over the first two days, British newspaper The Independent ran several hard-hitting articles, anchored by a front-page editorial on May 1, that blamed the expansion of oil palm area in Malaysia and Indonesia for ills caused by deforestation.

23/03/2009 (Business Times, Malaysia) - MALAYSIA shares were higher in early trading today on window-dressing ahead of the Umno General Assembly meeting in expectations of a rally, dealers said.

23/03/2009 (Business Day) - Malaysia, which for a long time was the leader in oil palm business in the world ( Indonesia is now the world leader), got its first seedlings from Nigeria . Malaysia knew long ago the potentials pal oil production had and therefore took the cultivation very seriously in an effort to boost its economy. Malaysia has over 3.2 million hectares of oil palm plantations, milling out nine million tons of palm oil with earnings up to $7 billion from its export. Malaysia has gone beyond fabrication of mills to the addition of value to the products by refining and fractionating oil in order to produce chemicals like the fatty acids, fatty alcohols and intermediates.

23/03/2009 (Mongabay.com) - Already a significant driver of tropical forest conversion across southeast Asia, oil palm expansion could emerge as threat to the Amazon rainforest due to a proposed change in Brazil's forest law, new infrastructure, and the influence of foreign companies in the region, according to researchers writing in the open-access journal Tropical Conservation Science.

22/05/2009 (The Economic Times), Kolkata - The way vegetable oil prices in the global market are rising by the day, chances of any further drop in cooking oil prices at home are remote. Cooking oil prices are ruling at no less than Rs 70 per kg at the retail-end.

20/05/2009 (Flex News), Jakarta - A recent rally in the price of crude palm oil will trigger Indonesia's export tax in June after a seven-month freeze, but the move may not discourage shipments because of tight global supplies, industry officials say.

20/05/2009 (Reuters), Islamabad - Pakistan's imports of palm oil products fell up to 20 percent in April and May on good stocks and easing demand but will pick up next month and in the run-up to the Muslim fasting month, an industry official said on Wednesday.

19/05/2009 (The Malaysian Insider) — To further promote Bursa Malaysia as a key centre for commodities, Malaysia’s stock exchange operator has launched three new palm oil plantation (POP) indices, two of which are Asian based and include Singapore planters.