Archived News

06/08/2009 (Bloomberg) - Palm oil futures dropped, ending the longest rally in six months, tracking crude oil and soybean oil lower. Palm oil is a substitute in fuel and food applications.

05/08/2009 (Bloomberg) - Edible oil imports by India, the world’s biggest buyer after China, probably declined in July after record purchases this year boosted domestic stockpiles.

05/08/2009 (Reuters), Kuala Lumpur - Malaysia's top palm oil state of Sabah will see output in July falling up to 15 percent because of biological tree stress, potentially cutting into stocks and forcing big buyer China to source more palm oil from Indonesia.

05/08/2009 (Bernama), Ankara - Turkey is open to further cooperation with Malaysian partners in areas that can benefit both countries which may, at the same time, address trade imbalance between them, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

04/08/2009 (Business Times) - PALM oil futures may drop to RM2,000 (US$573) a metric ton if inventories pick up in September as production peaks, according to Dorab Mistry, director of Godrej International Ltd.

05/08/2009 (ABC News) - It's rich for activists in developed countries to oppose using developing world palm oil in food manufacturing, writes the Institute of Public Affairs' Tim Wilson.

04/08/2009 (Xinhua), New Delhi - Indian Prime Minister Manmohan Singh has ensured that the India-ASEAN Trade in Goods Agreement would protect the interests of Indian farmers by yielding no tariff concession to ASEAN countries, said a senior Indian government official on Monday.

03/08/2009 (Bernama), Istanbul - Malaysia is hopeful of an increase in its palm oil exports to Turkey and the surrounding countries with the opening of the Malaysian Palm Oil Council (MPOC) regional office in the Turkish capital, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

03/08/2009 (Khaleej Times), Dubai — High costs to re-export the commodity have moved traders to rethink a strategy to develop the UAE into a trading hub for Malaysian palm oil. The UAE’s palm oil imports from Malaysia fell nearly 50 per cent between January to June due to rising shipping costs to re-export the commodity from the Gulf Arab state, traders? said on Sunday.

02/08/2009 (The Jakarta Post) - Greenpeace called on President Susilo Bambang Yudhoyono to take immediate action to tackle the latest spate of forest fires that has hit Sumatra’s Riau Province as well as West and Central Kalimantan and parts of Sulawesi.

31/07/2009 (The Star Online), Petaling Jaya - Malaysia’s July palm oil exports advanced 14% compared to June on higher demand especially from China where economic growth is supporting consumption.

02/08/2009 (The Economic Times) - Why is the rest of India is not moaning like you and me about dal at Rs 100/kg? It’s because people are smart. They have switched to yellow peas, the hot new source of protein with great taste and at a fifth of arhar’s price.