Archived News

13/08/2008 (The News International), Kuala Lumpur - Pakistan has delayed some palm oil purchases for the Muslim holy month of Ramazan, after covering 75 per cent of its needs, as traders pause to see where plunging prices will stabilise, a trade official said on Tuesday.

12/08/2008 (Reuters, India), Dhaka - Bangladesh has imported about 17 percent more edible oil during January to July 2008 despite soaring prices, a senior official of the sector said.

12/08/2008 (The Hindu), Jakarta - Indonesia's crude palm oil (CPO) products has not been affected so much by the policy of environmental sustainability issued by the European Union (EU), Trade Minister Mari Elka Pangestu said Tuesday.

12/08/2008 (Gambia New Community) - Aja Ara Jatta, the president of the Serrekunda Market Committee, has vowed to clear the Serrekunda Market of vendors who trade in palm oil that are mixed with coloured powder and other unhealthy substances.

12/08/2008 (LBO) - High prices of palm oil helped Sri Lanka's Namunukula Plantations increase June quarter net profit by almost half to 71 million rupees from a year ago as profits from tea and rubber fell.

12/08/2008 (NST Online) - ARNOLD Schwarzenegger, the governor of California, has just announced that come Jan 1, 2010, all 88,000 restaurants in the state will be prohibited from using oil, margarine and shortening containing trans fats. Retail baked goods will have an extra year's grace period until Jan 1, 2011. Packaged food, though exempted, will have to show distinct trans fat labelling on their packaging.

12/08/2008 (The Star Online), Petaling Jaya - In view of falling crude palm oil (CPO) prices, planters are asking for a higher threshold price that is used to calculate windfall tax on oil palm companies.

11/08/2008 (Biodiesel Magazine) - World palm oil production has been nudging soybean oil production out of the No. 1 spot in recent years with nearly 90 percent of production coming from just two countries—Malaysia and Indonesia. Sheer distance keeps familiarity with the competition difficult for the American soybean industry. In April, Biodiesel Magazine got a closer look at the Malaysian palm oil industry while attending the first International Palm Oil Sustainability Conference. The trip to Malaysia included a tour of IJM Plantations Bhd. in the Malaysian state of Sabah on the northern coast of Borneo.

11/08/2008 (Joy Online) - Benso Oil Palm Plantation Limited (BOPP) consolidated the impressive performance during the first quarter of the year by recording another good performance during the first half of 2008.

11/08/2008 (Flexnews), Jakarta - Indonesia, the world's top palm oil producer, expects its crude palm oil output to rise to 19.4 million tonnes in 2009 as more trees mature and the cultivation area expands, Agriculture Minister Anton Apriyantono said on Monday.

11/08/2008 (The Edge Daily), Kuala Lumpur - Crude palm oil’s (CPO) near-term outlook remains bleak following tumbling of prices last week amid a global selldown in commodities, indicating that the sector is heading for a downcycle.

11/08/2008 (Monster and Critics), New Delhi - Under a free trade agreement to be signed at a summit in Bangkok in December, India will substantially reduce duties on about 96 per cent of items it trades with the Association of South East Asian Nations (ASEAN), news reports said Sunday.