Archived News

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.

24/11/2008 (The Economic Times) - It is said that food is recession-proof. However, if the recent weakness in vegetable oil prices is considered, the above statement may not seem to be as true as it sounds. For an investor in the vegetable oil market currently, the clock has turned three years back to ’05, when the early signs of a boom in the commodities market were just beginning to show. The rally, which took three years to build, fizzled out in barely three months.

24/11/2008 (Business Standard) - India, the world’s biggest buyer of vegetable oil after China, may increase palm oil imports after the government imposed a tax on purchases of crude soybean oil, the main substitute product, a trade body said.

22/11/2008 (Commodity Online) - Fundamental Analysis: MCX CPO futures closed higher on account of Government of India allowed to exporting of edible oil in small branded packages of 5 kg with immediate effect.

22/11/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures tumbled 5.6 percent on Friday following a sharp sell-off in US crude oil, traders said.

24/11/2008 (Asia Sentinel) - Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces trouble.