Archived News
06-10-2008
India\'s palm oil importers may negotiate discounts
28/09/2008 (Reuters), Mumbai - Indian traders who reneged on contracts to import palm oil hope to negotiate discounts from suppliers to resolve disputes but they need to act fast to retain credibility, trade officials and an analyst said on Sunday.
06-10-2008
Quality of palm oil still unclear
27/09/2008 (The Nation), Karachi - The government has yet to specify the standard of the disputed RBD palm oil as chemical experts have once again suspected it authenticity of its samples collected from IFFCO Refinery from where it was seized and dumped nine years ago.
06-10-2008
Biofuel demand to lift palm oil price soon - trade
27/09/2008 (Reuters), Mumbai - Palm oil prices are set to rise soon on higher demand from biofuel makers and stock building by some consumers, while the credit crisis will have only a small impact on the commodity, a leading industry official said.
06-10-2008
Palm Oil Has ``Bottomed,\'\' OilWorld\'s Mielke Says
27/09/2008 (Bloomberg) - Palm oil prices have ``bottomed'' and will be supported by falling supplies of rival soybean oil and rising demand for biodiesel, Thomas Mielke, chief editor of OilWorld, a trade publication, said.
06-10-2008
India May Impose Duties on Cooking Oils to Help Farmers
27/09/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may levy a tax on imports in November to slow purchases of edible oils that have depressed the domestic price of cooking fat and oilseeds.
06-10-2008
Malaysia\'s United Plantations Awarded International Certification For Responsible Practices
27/09/2008 (Bernama), New York - The American Palm Oil Council (APOC) announced that a Malaysian oil palm plantation has received the first ever certification as the first plantation to adopt the strictest standards of sustainability for its palm-oil production.
24-09-2008
Families receive oil palm windfall
24/09/2008 (NST Online), Kuching - A total of 1,946 families in Simunjan and Gedong, Samarahan division, have some Hari Raya cheer coming their way.
24-09-2008
MMTC to Import 18,500 Tons of Palm Oil Amid Shortage
23/09/2008 (Bloomberg) - MMTC Ltd., India's biggest state- owned trading company, called for bids to import 18,500 metric tons of palm oil to ease a shortage and curb prices.
22-09-2008
\'Sabah oil palm growers subsidising others\'
21/09/2008 (Daily Express), Kota Kinabalu - Former Chief Minister Datuk Harris Salleh has proposed the abolition of the Federal Government and Malaysia Palm Oil Board (MPOB) taxes on the oil palm industry in Sabah.
22-09-2008
Health department committee to keep an eye on ghee manufactured from contaminated palm oil
20/09/2008 (Daily Times), Karachi - No one can be allowed to put the people’s health at risk by distributing hazardous raw or refined food, especially edible oil and ghee. Sindh Health Minister Dr Sagheer Ahmed has said that it is his department’s duty to look after the people’s interests and take strict measures to ensure that consumers are offered food of the best quality.
22-09-2008
‘Team reconstituted to ascertain fitness of sealed palm oil’
20/09/2008 (The News International) - The Sindh Health Department would hold proper identification of the “confiscated consignment of palm oil†with the help of four laboratories to ascertain if it was fit for human consumption, said Minister for Health, Dr Sagheer Ahmed on Friday.
22-09-2008
Re-investigation of Palm oil issue
19/09/2008 (The Nation), Karachi - Provincial Health Minister Dr Saghir Ahmed has said the health department was going to carry out afresh investigation into the 9-year old issue of the seized contaminated RBD palm oil following the directives of the apex court.