Archived News

17/10/2008 (Bangkok Post) - Prices of cooking palm oil will fall by as much as 20% from Nov 1, reflecting the decline in world prices resulting from an increase in palm nut supplies. The Commerce Ministry confirmed the reduction yesterday of its retail reference price for the oil to 38 baht a litre from 47.50 baht.

16/10/2008 (Reuters), New Delhi - India's vegetable oil traders have urged the government to impose an import tax and allow futures trading in soyoil following a slump in prices, a leading trade body said on Thursday.

16/10/2008 (Bernama), Nanjing - Sentiment was bearish at the Malaysia-China Palm Oil Seminar 2008 which opened here Thursday as Asian stock markets and crude oil price took another dive in heightened fears of a global recession following poor retail sales numbers from the United States.

16/10/2008 (Asia One Online), Thailand - The Food and Drug Administration yesterday ordered a nationwide recall of unsweetened condensed skimmed milk with a palmoil formula and products using the same ingredients after finding high melamine contamination at the Thai Dairy Industry's factory.

15/10/2008 (The News - Internatinal) - Palm oil seized by the customs authorities is of substandard quality, according to the examination jointly carried out by the Pakistan Council of Scientific and Industrial Research (PCSIR), HEJ Research Institute of Chemistry and the City District Government Karachi’s (CDGK) laboratory.

15/10/2008 (The Hindu Business Line), Chennai - This Diwali, you may have to shell out a lower price for buying edible oil, thanks to the effect of the meltdown of global markets, including commodities.

15/10/2008 (NST Online), Ipoh - The Sessions Court here yesterday imposed a fine of RM10,000 on a palm oil mill located in Jalan Ayer Tawar, Manjung, about 70km from here, for discharging toxic effluents into a river nearby the mill on Sept 19, 2007.

15/10/2008 (The Star Online), Sibu - The Malaysian Palm Oil Board (MPOB) has been lambasted for not serving the palm oil sector effectively and failing to carry out its original role as the premier research and development (R&D) institution for the industry.

15/10/2008 (Daily Times), Karachi - Special Secretary Health Dr Abdul Majid has said that the test reports from three laboratories have shown that a consignment of imported palm oil stored at Port Qasim is unfit for human consumption. Addressing a press conference on Tuesday, he said that samples of palm oil from the consignment were sent for testing to the laboratories of CDGK, PCSIR and HEJ Research Institute of Chemistry at Karachi University and their reports suggest that the palm oil is not fit for human consumption. He said that the case of the consignment is in court and its fate will be decided soon.

14/10/2008 (Bernama), Sibu - Seven major oil palm plantation companies in the state say they are burdened by taxes as high as up to 55 percent.

14/10/2008 (Bernama), Sibu - The Malaysian Oil Palm Board (MPOB) should do more to help plantation owners and smallholders like what the Rubber Research Institute Malaysia (RRIM) did for the rubber industry.

14/10/2008 (The Star Online), Sibu - Seven major Sarawak-based oil palm plantation companies are making a second appeal to the Federal Government to waive the windfall tax or revise the threshold price based on present cost increase and crude palm oil (CPO) price level.