Archived News

30/03/2009 (GuelphMercury) - It's not quite ice cream weather yet, at least for the customers. But it certainly is for the processors and manufacturers. They consider April the optimal month for launching new ice cream products. It gives marketing campaigns time to dig in and generate buzz before the hot weather arrives and people start making choices.

28/03/2009 (The News, International), Karachi - As edible oil prices fell at the end of 2008, the effect failed to transfer to the masses. Major oil companies, who were quick to shift the burden onto the people when prices rose in May last year, are holding out on maximum profits despite government directives to lower prices.

27/03/2009 (The Hindu Business Line), Mumbai - After reaching unprecedented highs in March-April 2008 caused by rising demand, falling inventory, lower supplies and speculation, global vegetable oil prices plummeted to multi-year lows in a short period of 3-4 months during the latter half of the year.

26/03/2009 (Bloomberg) - Supplies of vegetable oil in India, the world’s biggest buyer after China, may increase as importers take benefit of duty free purchases of palm and soybean oils, likely hurting domestic oilseed prices.

25/03/2009 (Mongabay.com) - Malaysia's Land Development Authority FELDA will soon break ground on a joint venture with a Brazilian firm to establish 30,000-100,000 hectares (75,000 - 250,000 acres) of oil palm plantations in the heart of the Amazon rainforest, reports the Malaysian Star.

26/03/2009 (ScandAsia) - According to Helsinki Times and Channel News Asia, Finland’s Neste Oil’s biodiesel plant will produce fuel for cars around the world. Diesel made from palm oil, vegetable oil and animal fat in Singapore may soon be powering cars in Europe and North America, Finland's Neste Oil said on 6 March.

25/03/2009 (CleanTeach) - Lake Mary, Fla.-based New Generation Biofuels Holdings (NASDAQ: NGBF) plans to announce Thursday morning that it has signed its second supply deal this week.

25/03/2009 (Reuters), New Delhi - The Indian government has issued a formal order to abolish a 20 percent import tax on crude soyoil, a senior government official said on Wednesday.

25/03/2009 (The Star Online), Kuala Lumpur - Felda Group, via a joint venture with Brazilian parties, will soon cultivate about 30,000ha to 100,000ha of oil palm in Manaus and Tefe near the Amazon River in Brazil.

24/03/2009 (The New York Times) - Amid persistent talk of global protectionism these days, with Mexico, Russia and India tightening up on imports for one reason or another, the energy sector appeared fairly immune from the barriers — until now.

25/03/2009 (Daily Monitor) - The High Court has ordered Bidco Uganda Limited, an edible oils manufacturer, to pay A.K. Oils, its competitor and subsidiary of Mukwano Group, Shs70 million worth of general and exemplary damages accruing from defamatory and libelous advertisements the former published against the latter in 2005.

25/03/2009 (Business Times, Malaysia) - THE Federal Land Development Authority (Felda) and its Brazilian partner will embark on an oil palm cultivation project in Tefe this year, said Brazilian ambassador Sergio Arruda.