Archived News

15/01/2008 (The Star Online), Johor Bahru - Foreigners shopping in Malaysia will soon be prohibited from taking controlled food items, such as cooking oil, sugar and flour, out of the country in a bid to help prevent shortages.

15/01/2008 (The Star Online), Johor Bharu - Foreigners who shop in Malaysia should be prohibited from taking foodstuff categorised as controlled items out of the country.

18/01/2008 (The Daily Times, Pakistan), Islamabad - Large difference in prices of cooking oil and ghee at the utility stores and in open market shows the authorities’ inability to control prices and profiteering in town.

18/01/2008 (The New Nation, Bangladesh) - Prices of edible oil have been continuing an upward trend. This essential consumer item experienced 57 percent increase in price over the last year and almost 7 percent over the past one month. The situation in the edible oil market is such that retail prices show an upward trend when prices in the wholesale market decrease.

18/01/2008 (Biodiesel Magazine) - Neste Oil Corp., a Finland-based oil refiner-and biodiesel producer, marketer and distributor-intends to invest approximately $810 million in the construction of an 800,000-metric-ton renewable diesel production facility in Singapore. Once operational, the plant would be the largest renewable diesel facility in the world.

17/01/2008 (AllAfrican.com) - The General Manager of the Cameroon Development Corporation, CDC, on Friday, January 11, launched a giant five-year development project, the Boa Plain Oil Palm Development Project, BPOPDP.

17/01/2008 (The Register, Australia) - Australia should act to introduce strict guidelines to ensure that biofuels sold or manufactured here, are not causing environmental problems elsewhere, a spokesperson for the Palm Oil Action Group said today.

16/01/2008 (Forbes), Bangkok - Thailand will import 30,000 metric tons of palm oil over the next month to ease fears of a shortage due to its growing use in biofuels, commerce minister Krirk-Krai Jirapaet said Wednesday.

15/01/2008 (The Bangkok Post) - Palm oil prices have jumped sharply in recent months, leading authorities to consider a ban on exports. Palm oil is a raw material for cooking oil, the food industry and as an alternative fuel.

16/01/2008 (The Daily Times, Pakistan) - KARACHI: The local edible oil prices surged on higher import cost of crude palm oil which stood around $1,042 per tonne in the international market, after a new all time high world record prices a day earlier, the importers and millers said here on Tuesday.

15/01/2008 (The Economic Times), New Delhi - India’s vegetable oil imports dipped by 25% during December 2007, on better crushing and domestic availability of the commodity, the Solvent Extractors’ Association of India (SEA) said on Tuesday.

15/01/2008 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures on Malaysia Derivatives Exchange hit a new record of above RM3,400 per tonne yesterday on supply concern amid surging world demand for food and biodiesel consumption.