Archived News
13-02-2009
Heavy veg oil imports force distress sale
13/02/2009 (The Economic Times, India), Mumbai - MUMBAI: A glut of edible oil following heavy imports is forcing traders to sell their stock at a loss. Following this, fresh imports have already slowed down according to the trade and industry people.
13-02-2009
Edible oil companies keen to buy plantations overseas
13/02/2009 (Business Standard, India) - The domestic edible oil industry is looking to acquire palm plantations in Malaysia/Indonesia since prices of such plantations have crashed by 50-60 per cent in the past 5-6 months following a fall in palm oil prices.
13-02-2009
Declining Stockpiles in Malaysia Lifts Palm Oil Futures for 2nd Straight Week
13/01/2009 (The Jakarta Globe), Singapore - Palm oil futures in Malaysia headed for a second week of gains as stockpiles in the world’s second- biggest producer of the commodity dropped to a nine-month low.
12-02-2009
India Buy More Palm Oil From Malaysia
12/02/2009 (Bernama), New Delhi - India's Commerce and Industry Minister Kamal Nath has assured that the country will import more palm oil from Malaysia, which is now a leading exporter to the sub-continent economy.
12-02-2009
Malaysian Exports Post Biggest Drop in Almost 7 Years
12/02/2009 (Bloomberg) - Malaysia’s exports fell the most in almost seven years in December as electronics and commodities sales slid amid dwindling global orders.
12-02-2009
Lower inventories fail to lift CPO prices
12/02/2009 (The Star Online), Petaling Jaya - Declining palm oil inventories and lower production in January failed to lift crude palm oil (CPO) prices yesterday, with the benchmark April CPO contract losing RM44 to RM1,925 per tonne on Bursa Malaysia Derivatives.
12-02-2009
Biscuit baker cuts sat fats
11/02/2009 (Bakery Info) - Paterson Arran has been named the first company to be part of the HGCA’s Supply Chain Partnership Innovation Showcase. The initative has been devised to help promote best practice in the cereals supply chain in innovation, cost and price, transport, materials testing and communication and collaboration.
12-02-2009
India Edible Oil Import to Rise as Palm Oil Declines
11/02/2009 (Bloomberg) - India, the world’s biggest buyer of vegetable oils after China, may import 14 percent more cooking oil in the year to October because of a drop in palm oil prices.
12-02-2009
Sustainable agriculture standards – can we not see the forest for the trees?
11/02/2009 (CSR Asia) - Some of the World’s most prominent sustainable agriculture standards are coming under attack – their credibility and viability threatened by large international NGOs that are fed up with slow progress. But can these attacks create such confusion and mistrust that companies give up and go back to the less-than-sustainable “old ways�
11-02-2009
Minister: B5 to be fully implemented by 2010
11/02/2009 (Daily Express, Malaysia), Kuala Lumpur - Usage of the mandatory blending of five percent palm oil with diesel (B5) will be fully implemented by 2010, according to Plantation Industries and Commodities Minister Datuk Peter Chin.
11-02-2009
Biodiesel scheme will be a success, says MPOB
11/02/2009 (Daily Express, Malaysia), Tawau - Malaysia Palm Oil Board (MPOB) Director General Datuk Dr Mohd Basri Wahid admits it is struggling to carry out the biodiesel (B5) scheme nationwide.
11-02-2009
PWD, Army Trucks In Tawau To Use Biodiesel In April
10/02/2009 (Bernama), Tawau - Vehicles of the Defence Ministry and Public Works Department (PWD) here are to use biodiesel fuel or B5 in April, Malaysian Palm Oil Board (MPOB) director-general Datuk Dr Mohd Basri Wahid said Tuesday.