Archived News

27/02/2009 (Bloomberg) - Wilmar International Ltd., the world’s biggest palm oil trader, said that profit in 2009 may not be better than this year’s amid the global recession, and the company may be looking for food-industry acquisitions.

27/02/2009 (Business Times, Malaysia) - PALM oil exports may fall 8 per cent in February from the previous month, independent surveyor Intertek said today.

27/02/2009 (The Economic Times), Chennai - Tamil Nadu government has signed MoUs with five oil extraction companies to cultivate oil palm across different locations in Tamil Nadu, on a contract-farming basis. This is part of the agriculture department’s plans to industrialise agri-biz and make it a steady profitable venture for producers as well as marketers.

27/02/2009 (The Star Online) - Strategies such as oil palm replanting schemes and making the use of palm biodiesel compulsory in Malaysia will reduce crude palm oil (CPO) stockpiles and sustain its price at RM1,400 per tonne levels, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron.

26/02/2009 (Bernama) - The government does not intend to set a ceiling price for natural rubber and oil palm following the sharp fall of the two commodities\' prices in the world market, Deputy Minister of Plantation Industries and Commodities A. Kohilan Pillay told the Dewan Rakyat today.

26/02/2009 (The Star Online), Kuala Lumpur - Malaysia’s earnings from palm oil exports, which stood at RM65 billion last year, is expected to drop this year due to a slowdown in demand.

26/02/2009 (The Star Online), Kuala Lumpur - Malaysia and Indonesia expressed concern over a plan by the European Union (EU) to impose import taxes on US biodiesel, potentially damping the outlook for alternative fuels made from vegetable oils and grains.

25/02/2009 (Bernama), Kuala Lumpur Malaysia\'s palm oil production is expected to be unchanged or lower compared with last year\'s due to the implementation of the replanting scheme.

24/02/2009 (The Nation), Islamabad - The government plans to enhance palm oil production in the country by bringing more area under canola and sunflower cultivation to save the foreign exchange currently being spent on the import of the commodity.

24/02/2009 (The New Nation) - Businessmen have again resorted to unethical practice of raising edible oil prices through the formation of syndicate.

21/02/2009 (Xinhua), Beijing - China's edible vegetable oil imports fell in 2008 due partly to production driven down by a strike of farmers in Argentina, which had for years been the largest supplier for China.

21/02/2009 (Solomon Star News) - PALM oil production bounced back in December of last year after recording slow movements.