Archived News
06-11-2008
Int’l market palm oil price falls by 70 pc
05/11/2008 (The News, International) - International market palm oil price during March-October plummeted by 70 percent.
06-11-2008
Palm oil sector could gain from lifting of fertiliser duty
05/11/2008 (Business Times) - MALAYSIA'S palm oil industry, the second largest producer of the commodity, could get a respite from low margins thanks to a government move to scrap import duty on fertilisers, Affin Investment Bank said today.
06-11-2008
What is destroying our rainforests? Greed, palm oil
05/11/2008 (The Jakarta Post) - The establishment of oil-palm plantations in Kalimantan and Sumatra poses the greatest threat to orangutans today. In fact, the clearing of forest and the establishment of oil-palm plantations has a negative impact not only on orangutan populations but also on climate, the water cycle, carbon emissions and livelihoods in local communities.
06-11-2008
Additional steps to help planters cope with costs
05/11/2008 (The Star Online), Petaling Jaya - The push for oil palm replanting, abolishment of 5% import duty on fertilisers and a 15% cut in fertiliser prices under the economic stabilisation plan are seen as additional measures to help planters cope with rising costs of production.
06-11-2008
Fancy using cooking oil for your car engine?
05/11/2008 (NST Online) - Would you believe that palm oil-based cooking oil could be used as an engine lubricant for your automobile?
06-11-2008
Govt to find B3.3bn to shore up palm oil
05/11/2008 (Bangkok Post) - The government has pledged to find 3.3 billion baht to shore up the price of palm oil, which has plunged 64% from its March record on concerns about the slowing global economy.
06-11-2008
Non-brand edible oil prices rise
05/11/2008 (The Daily) - Prices of non-brand edible oil increased by Tk 5-10 per litre in city markets in the last three days.
06-11-2008
Palm oil agreement could lead to logging moratorium
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.
06-11-2008
INTERVIEW-Indonesia\'s end-08 palm oil stocks seen up 67 pct
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.
06-11-2008
Palm oil price unlikely to rise in 2 years
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.
06-11-2008
PTT, Banchak to buy surplus of palm oil
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
Import taxes on palm, soybean oil may be re-imposed
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.