Archived News
20-11-2008
Sampoerna Agro sees falling palm oil output
20/11/2008 (The Jakarta Post) - Publicly listed plantation company PT Sampoerna Agro expects its palm oil fresh fruit bunches (FFB) production to decline by 23 percent this year, compared to last year, but is optimistic production will grow again next year, an executive says.
20-11-2008
Duty hike on soybean oil to help more palm imports
20/11/2008 (The Financial Express) - India's palm oil imports, which already constitute more than 80% of the total edible oil imports, could rise further after the Central government imposed a customs duty of 20% on crude soybean oil thereby making the already costly soy oil more dearer, traders and industry representatives said.
20-11-2008
FOCUS-Edible oil cos battle supply glut, await import duty
19/11/2008 (Reuters), Mumbai - Indian edible oil makers, reeling from a supply glut and low prices due to a surge in imports, are hoping to beat a likely imposition of import duty by the federal government and cash in on a possible price hike.
20-11-2008
Slower growth for Malaysia palm oil output in 2009
18/11/2008 (Business Times, Malaysia), Hamburg - Malaysia’s 2009 palm oil output will rise only marginally following years of rapid growth, Hamburg-based oilseeds analysts Oil World said yesterday.
20-11-2008
Federal, state authorities to help oil palm smallholders
18/11/2008 (Brunei Online), Kota Kinabalu - Help is on the way for thousands of oil palm smallholders in the state who are facing financial dire straits because they have difficulty selling their produce amidst plunging crude palm oil prices, The Star reported.
18-11-2008
Myanmar to cultivate oil palm in southern division
18/11/2008 (China Daily), Yangon - Myanmar strives to cultivate 500, 000 acres (202,500 hectares) of oil palm in the southern Tanintharyi division, the official newspaper New Light of Myanmar reported Tuesday.
18-11-2008
Industry faces fresh calls to stop forest conversion
18/11/2008 (The Jakarta Post) - Palm oil companies are facing increasing pressure from green groups who fear the conversion of forests into plantations could cost the country its rich biodiversity.
18-11-2008
Sime Darby\'s Ahmad Zubir copes with plunging price of palm oil
18/11/2008 (The Malaysian Insider), Kuala Lumpur - A year ago three Malaysian palm oil producers - Sime Darby, Golden Hope Plantations and Kumpulan Guthrie - merged to form the world's biggest listed palm plantation company in terms of landholdings. That was just in time for the crash in palm oil prices.
18-11-2008
Palm Biodiesel Price Will Remain The Same As Regular Diesel, Says Chin
17/11/2008 (Bernama), Kuala Lumpur - The pump price of palm biodiesel will remain the same as regular diesel when the biodiesel blend is introduced here next year, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said Monday.
18-11-2008
Global Economic Turmoil No Serious Impact On POIC In Lahad Datu, Sandakan
17/11/2008 (Bernama), Kota Kinabalu - Impact of the worsening global economic turmoil has yet to be felt and is expected not to severely affect investments in the Palm Oil Industrial Cluster (POIC) in Lahad Datu and Sandakan, the state legislature was told Monday.
18-11-2008
New Incentives For Landowners In NCR Land Project
17/11/2008 (Bernama),Kanowit - Landowners participating in new Native Customary Rights (NCR) land projects in the state now stand to benefit from two new incentives.
18-11-2008
Certify palm oil producers for sustainable development
17/11/2008 (The Jakarta Post) - The Roundtable on Sustainable Palm Oil (RSPO) will hold its sixth annual meeting Nov. 18 to 20, 2008, in Bali to discus issues ranging from the certification program for members, palm oil small-scale growers, RSPO and government, market standards, biofuel, and other issues the palm oil industry faces looking forward.