Archived News

04/11/2008 (Telegraph.co.uk) - The view that the Round Table on Sustainable Palm Oil (RSPO) is merely a way of making companies appear politically correct without making difference to de-forestation could be about to change if agreement on an important new resolution is reached.

04/11/2008 (Reuters), Jakarta - Stocks of crude palm oil in Indonesia, the world's largest producer of the commodity, could swell 67 percent this year, boosted by higher output and defaults by foreign buyers, an industry official said on Tuesday.

04/11/2008 (Business Times) - THE price of palm oil, which has plunged 64 per cent from its March record, is unlikely to advance for two years as a possible global recession risks cutting demand for commodities, Aseambankers Malaysia Bhd forecast.

04/11/2008 (Thaindian News) - Minister of Energy stated oil companies have been prepared to buy over one million litres of raw palm oil from farmers starting this week, while officials of three relevant ministries-agriculture and cooperatives, commerce and energy will meet today (November 4) to map out measures to resolve the prevailing low palm oil’s price.

04/11/2008 (Business Standard) - India, the world’s largest buyer of vegetable oils after China, may consider reinstating import duties on palm and soybean oil to protect oilseed farmers as cheap grades from overseas flood the local market.

03/11/2008 (Reuters), New Delhi - Indian ministers will consider on Tuesday whether to raise import taxes on edible oils and allow exports as a slide in global prices threatens local producers, a leading trade official said.

03/11/2008 (Express Buzz) - The price of cooking oil, which was beyond the reach of common man till yesterday, has crashed suddenly much to the relief of house-makers and hotel industry.

03/11/2008 (Bernama), Kuala Lumpur - Dutch companies operating in Malaysia are doing well amid the global economic slowdown following the U.S. credit market crunch, said the Netherlands Ambassador to Malaysia Lody Embrechts.

03/11/2008 (The Nation, Business) - Concerned agricultural assoฌciations have called on the government to draw up a "national agenda" for the farm sector to shield onethird of the country's population from fluctuating prices and unpredictable factors to achieve sustainable development.

03/11/2008 (The News, International), Lahore - It seems the federal government’s decision to fix ghee price at Rs 98 per kilogram is not being observed as low quality ghee brands are still being sold for Rs 100 and famous brands for over Rs 110 per kilogram, The News has learnt.

30/10/2008 (Mongabay.com) - Annual forest conversion to palm oil plantations increased 400-fold from 1,163 hectares in 1991 to 461,992 hectares in 2007 in Central Kalimantan, on the island of Borneo, reports a new report published by Forest Watch Indonesia, a local NGO.

29/10/2008 (Sin Chew Jit Poh), Jakarta - The Indonesian government and central bank on Tuesday (28 Oct) unveiled a series of measures to bolster foreign exchange reserves and market confidence, just as the rupiah hit a seven-year low of 11,900 against the US dollar.