Archived News

30/07/2009 (Bernama), Kuala Lumpur - Maximising productivity from Malaysia's plantation industries -- that is the top priority of the Plantation Industries and Commodities Ministry in an all-out effort to further strengthen the role of commodities in building the country's economy.

29/07/2009 (Mongabay.com) - Wilmar, one of the world's largest palm oil traders, is investing $10 million to establish an oil palm plantation in Kalangala, Uganda over the next three years, reports Bernama, Malaysia's state new agency. The investment is the first in Uganda by a Malaysian oil palm developer.

29/07/2009 (Bloomberg) - India’s central bank may start reversing its interest-rate cuts in early 2010 as food and energy prices fan inflation, after it kept borrowing costs unchanged yesterday to bolster economic growth.

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.