Archived News

25/11/2008 (The Edge Daily), Kuala Lumpur - Palm oil makers in Malaysia, the world’s second-largest producer, urged the government to promote burning the edible oil for energy after initial proposals to reduce output failed to stop prices falling.

26/11/2008 (My Sin Chew Online) - With the continued slide in international oil prices, CPO prices are also dragged along and have now touched a low of RM1,400 per tonne. Many smallholders are sent to the brink of bankruptcy.

25/11/2008 (The Straits Times, Singapore), Kuala Lumpur - MALAYSIA said on Tuesday it was confident crude palm oil prices will recover from a dramatic slump, thanks to an increase in demand from the world's top consumers, India and China.

25/11/2008 (Money Control), Mumbai - The ongoing tussle between the liquid oil trade and the domestic vanaspati industry has intensified with the latter making a strong pitch for continuing the current duty structure for palm oil and palm kernel oil.

25/11/2008 (Star News Group) - THEY may be too young to drive or vote but Braybrook College students are old enough to know what’s important to them.

25/11/2008 (The Malaysian Insider), KUala Lumpur - Malaysia\'s top plantation companies have suggested government incentives for industries to switch to palm bio-diesel as well as burning the oil as feedstock to generate power as part of initiatives to stabilise prices.

25/11/2008 (The Star Online), Bangi - Six top local plantation companies are seeking the Government’s assistance to work out an incentive programme to enable crude palm oil (CPO) to be used as an energy source in the industrial sector in a bid to reduce palm oil stocks and stabilise prices.

24/11/2008 (Fresh Plaza) - Sri Lanka’s coconut industry is once again raising concerns with the government over the haphazard import of palm oil which they say will seriously impact the development and survival of this sector.

24/11/2008 (Business Times, Malaysia) - PALM oil producers including Sime Darby Bhd and IOI Corp, the world's two largest, backed proposals by the Malaysian government to reduce output after the price of the commodity slumped.

24/11/2008 (Business Times, Malaysia) - THE price of palm oil, which has slumped 67 per cent from a March record, is near the end of its decline because supplies will slow and demand for the edible oil will ride out the global slowdown, Goldman Sachs Group Inc said.

23/11/2008 (The Sunday Times) - Sri Lanka’s coconut industry is once again raising concerns with the government over the haphazard import of palm oil which they say will seriously impact the development and survival of this sector. But this time too, they see their attempts failing – like what has happened in the past – although representations were made to President Mahinda Rajapakse before the budget.

23/11/2008 (AFP), Kuala Lumpur - The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees.