Archived News

24/03/2009 (Jakarta Globe Business) - Singapore. Palm oil in Malaysia dropped the most in almost two weeks amid expectations that output in Indonesia, the world’s biggest producer of the commodity, would be higher in the second half of the year compared with the first six months.

24/03/2009 (Jakarta Globe Business) - The European Union is still an important market for Indonesian non-oil and gas commodities, despite shrinking demand and tougher requirements on quality and standards, an official at the Trade Ministry said.

24/03/2009 (Bernama), Kuala Lumpur - The main challenge facing the biofuel industry is transport and processing costs, said the Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui.

24/03/2009 (ForexProps.com), Hamburg - European Union imports of palm oil are currently increasing and could rise sharply this year largely because of demand for biofuel production, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

24/03/2009 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures pushed past RM2,000 per tonne yesterday as a farmers’ strike in Argentina threatens soybean exports and on a delay by India to implement a previously announced removal of a 20% import duty on crude soybean oil.

24/03/2009 (Bernama), Johor Baharu -- Oil palm smallholders are expected to get their incentives for replanting oil palm, as announced in the recent second stimulus package, by June the latest.

24/03/2009 (The Star Online) - WHILE the cost of producing biofuels remains high amid the weak price of fossil fuels, Asian biodiesel producers stand united to ensure that the “green” commodity can someday be well integrated into the already established oil markets.

23/03/2009 (The Jakarta Post) - Indonesians will soon be able to taste Pakistan's delicious Kino oranges and mouth-watering mangoes, while palm oil producers will also be able to export more of their commodity to Pakistan, the country's ambassador to Indonesia said on Saturday.

23/03/2009 (The Star Online) - IT IS often remarked that Malaysia retains a globally competitive position in the production of palm oil, a pivotal industry in the economy.

23/03/2009 (Business Times, Malaysia) - MALAYSIA is expected to consume 500,000 tonnes of palm oil, or 3 per cent, of national crude palm oil (CPO) production, when it fully implements blended biodiesel programme by early 2010, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said.

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.