Archived News

21/05/2008 (NST Online) - IN March 2007, European Union leaders decided to increase to 20 per cent by 2020 the share of renewable energies in the EU's energy consumption. With this target, the EU hopes to drastically reduce their greenhouse gas emissions and their reliance on imported petroleum oils.

21/05/2008 (The News International, Pakistan), Kuala Lumpur - Malaysian crude palm oil futures slipped on Tuesday as a lower-than-expected increase in exports and expectations of rising vegetable oil supplies weighed on the market. Dealers said a decision by Argentine farm groups to end a two-week strike over soy export taxes raised hopes of more shipments from the world’s number 3 soy supplier.

21/05/2008 (Asian Tribune) - Kuala Lumpur has been hard put these days on account of scarcity in essential commodities, particularly rice. As a result, Asian commodity and currency markets could be plunged into chaos after the Malaysian government threatened to abandon standard trading channels in favor of bartering palm oil for rice.

21/05/2008 (The Star Online), Petaling Jaya - There is unlikely to be a slowdown in earnings for plantation companies, thanks to strong crude palm oil (CPO) prices.

21/05/2008 (This Day Online) - Nigeria and the Cameroun governments are contemplating over $4.656 billion joint venture in the development of oil palm sector that would benefit the two countries.

20/05/2008 (Reuters, India), Jakarta - India, the world's No. 2 importer of vegetable oils, is looking to buy 1.5 million tonnes in the next three months starting from May to stock up for the festival season, a top industry official said on Tuesday.

20/05/2008 (Reuters), Jakarta - India is looking to buy 1.5 million tonnes of edible oil for the next three months starting from May in a bid to lock in supplies ahead of the festival season, a top industry official said on Tuesday.

20/05/2008 (Bernama), Kanowit -- Some individuals who are officials of a local non-governmental organisation (NGO) are said to be involved in a conspiracy to close down Sarawak's first commercial oil plam plantation on Native Customary Rights (NCR) land here.

20/05/2008 (Reuters, India), Hamburg - India is likely to sharply raise palm oil imports in 2007/08 as demand rises and the country turns away from soyoil imports, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

20/05/2008 (AME Info) - UAE-based oils and fats majors are set to establish an extensive presence at the first ‘Malaysia-UAE Palm Oil Trade Fair & Seminar (POTS) 2008’, which is being held from May 26 - 27, 2008 at the Grand Hyatt Hotel in Dubai.

20/05/2008 (Business Week) - Consumption of palm oil by its No. 1 importer is expected to jump as rising global demand hikes prices for the cheapest of the edible oils.

20/05/2008 (Reuters), Jakarta - A squeeze in global vegetable oil supplies is expected to start in October as the high production cycle in palm oil slows and prices will only rally if adverse weather comes into play, leading analyst Dorab Mistry said on Tuesday.