Archived News

06/01/2009 (Examiner.com) - Palm oil is used as a common ingredient in many foods such as cookies and microwave popcorns. It is also used for the making of cosmetics such as lipsticks as well. It is placed in some forms of soaps and one big positive of this oil is that it can be used as a Biofuel and is a great alternative to fossil fuels that we depend on so much.

06/01/2009 (The Star Online), Petaling Jaya - Malaysia’s exports in November are expected to show a decline of 7.3% year-on-year to about RM50.5bil due to the sharp economic slowdown in the developed countries and weak demand for electrical and electronic (E&E) products.

31/12/2008 (Business Times) - PALM oil futures headed for the worst annual drop since at least 1996, falling for the first time in four years, as stockpiles gained to an all-time high.

07/01/2009 (The Star Online), Petaling Jaya - Crude oil held steady at a near five-week high above US$48 a barrel during Asian trading hours yesterday, driven by the escalation of conflict in Gaza and signs of greater compliance with Opec’s target of a 9% production cut announced last month.

06/01/2009 (Trading Markets) - Malaysia-based Sime Darby Berhad, the world's largest listed palm oil producer, will start building a 3-million-ton palm oil plant with a total investment of USD 500 million in Rizhao City, Shandong Province, North China, late January 2009, said an official from the Rizhao government.

06/01/2009 (The Star Online), Petaling Jaya - As crude oil price rose for the third consecutive trading day, hitting US$48.68 per barrel in New York yesterday, crude palm oil (CPO) also followed suit, shooting past RM1,800 per tonne

06/01/2008 (The Economic Times / India Times), Mumbai - Domestic supply of edible oils would be enough to ensure that demand is comfortably met during the first quarter of calendar year 2009. Good reports for mustard crop and imports will be sufficient to address the incremental demand that followed a decline in edible oil prices last year, according to industry experts.

06/01/2008 (Business Standard) - Palm oil is being sold at Rs 1.50 a kg discount to the prevailing price in the benchmark Malaysian markets, thanks to an abundance of supply from Indonesia.

05/01/2009 (Allafrica) - The Plantation Owners Forum of Nigeria (POFON) has decried the recent plan of the Federal Government to lift the ban on importation of palm oil and other related products as well as approve massive importation of such commodities.

05/01/2009 (Sindh Today), New Delhi - India’s edible oil deficit is expected to widen by 73.5 percent by 2020 to more than 8.1 million tonnes a year from the current 4.71 million tonnes, said an industry lobby report, released here Monday.

06/01/2009 (The Star Online), Petaling Jaya - As crude oil price rose for the third consecutive trading day, hitting US$48.68 per barrel in New York yesterday, crude palm oil (CPO) also followed suit, shooting past RM1,800 per tonne.

05/01/2009 (The Edge Daily), Kuala Lumpur - It was a roller-coaster ride for oil palm players in 2008, as crude palm oil (CPO) started the year at RM3,050 a tonne, gaining momentum to scale new heights at RM4,486 and then a freefall to RM1,390 a tonne.