Archived News

04/07/2008 (Bloomberg) - India may increase edible oil imports by more than 80 percent in the four months to October, straining global stockpiles, to meet a shortfall in domestic supplies and cool the fastest inflation in 13 years.

02/07/2008 (Barkery and Snacks.com) - Swelling domestic stocks for Malaysian palm oil, widely used by bakers, left crude palm oil futures closing lower on Monday, offering a slight relief for prices.

02/07/2008 (The Economic Times), Kuala Lumpur - Malaysian crude palm oil futures rose 1.2 per cent on Wednesday as crude oil prices hovered near record levels, bolstering vegetable oil markets from China to the US. But slowing overseas demand last month weighed on palm oil, which is about 19.3 per cent off a record high of 4,486 ringgit per tonne.

02/07/2008 (Bernama), Beijing - China, the world's largest vegetable oil importer, will begin tracking imports of six edible oil commodities including soybeans and palm oil from Aug 1 to manage supplies as it battles inflation fuelled by rising food prices.

01/07/2008 (The Star Online), Petaling Jaya - The first half year was a tough one for stock investors and the bad news is that most people believe it won't get easier any time soon.

01/07/2008 (The Hindu Business Line), Mumbai - Some of the Free Trade Agreements (FTAs) the country has got into in recent years have resulted in unintended adverse consequences, primarily because of non-application of mind at the time of negotiations and signing of the agreement as also lackadaisical enforcement of rules subsequently.

29/06/2008 (Sify.com) - Malaysian palm oil futures ended higher on Friday due to short-covering and higher crude oil prices. Oil leapt to a new record high near $142 a barrel on Friday. Crude oil and soya oil are supporting prices presently, but, lack of further demand from the leading consumers– China and India–is leading to an increase in stock piles. However, hopes remain high that during the festival season, India, China and West Asia would begin purchases in a big way.

29/06/2008 (PTI), New Delhi - India is believed to be working out a trade off with Indonesia on palm oil, the last hurdle to a Free Trade Agreement that New Delhi has been negotiating with ASEAN for several years.

27/06/2008 (Bloomberg) - CSM NV, the world's largest supplier of lactic acid and ingredients to bakeries, said raw-material costs may exceed its initial estimate for this year and last after the price of palm oil and wheat increased.

26/06/2008 (Forbes), Mumbai - Moody's Investors Service said it has a positive rating outlook for the Asia Pacific's rated palm-oil industry over the next 12 to 18 months after a rapid rise and continued high prices for crude palm oil (CPO) in the past 18 months strengthened balance sheets of Asian palm-oil producers, who responded by buying more plantations and increased planting of greenfield properties.

26/06/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd needs to own a sizeable oil palm land bank of about 200,000ha before it can fully embark on downstream operation.

26/06/2008 (NST Online), Putrajaya - State governments should heed the prime minister's directive against clearing permanent forest reserves for oil palm plantations, Plantation Industries and Commodities Minister Datuk Peter Chin said.