Archived News
04-08-2008
Food and trade
04/08/2007 (The Statesman) - The WTO meeting has failed after the USA reportedly got into a deadlock with India and China over import rules for farm products. Nevertheless, there seems to be a consensus among the participants that increased trade can help ensure the world’s food security.
04-08-2008
Biofuels: Strong Potential
04/08/2008 (Latin Business Chronicle) - The new federally-mandated Renewable Fuel Standard (RFS) calls for the United States to raise its annual biofuel production from 6.5 billion gallons per year (bgy) in 2007 to 36 bgy by the year 2022. This is a tremendous undertaking in terms of investment required, construction activity and infrastructure development. Corn ethanol alone will not suffice to reach that goal. In addition to corn ethanol’s environmental and cost shortcomings, (...) it is widely accepted by the corn industry and the federal government that U.S. corn ethanol production will not exceed approximately 15 bgy in 2022.
04-08-2008
Indonesia wants Pakistan to cut palm oil duty
02/08/2008 (The News - International), Jakarta - Indonesia, the world’s top palm oil producer, will ask Pakistan to lower import tariffs for palm oil products to boost its palm oil exports, a senior government official said on Friday.
04-08-2008
Govt imports 2.60 lakh tn edible oil
02/08/2008 (The Financial Express) - Though its much-publicised cheap edible oil sale has already been launched, the central government has managed to import just around 2,60,000 tonne of edible oils till July, against a total requirement of 10 lakh tonne.
04-08-2008
Uganda: Palm Project Gives Kalangala Sh2 Billion Road Equipment
30/07/2008 (AllAfrica.com) - District leaders have rallied support for Government's palm oil tree-growing project. The district chairperson, Dan Kikola, said the palmoil project had contributed to development in the island district.
31-07-2008
Drop in palm oil prices prompts millers to stop buying commodity
31/07/2008 (The Star Online), Muar - The drop in palm oil prices for August has prompted several millers here to stop buying oil palm fruits from smallholders for two days.
31-07-2008
Selangor-based Sawit Raya invests in RM50mil palm oil refinery in Lahat Datu
30/07/2008 (NST Online) - SELANGOR-based Sawit Raya Oil (Sabah) Sdn Bhd will invest RM50 million in the construction of a palm oil refinery in the state-run Palm Oil Industrial Cluster in Lahad Datu.
31-07-2008
Kim Loong bullish despite price downtrend
31/07/2008 (The Star Online), Petaling Jaya - Kim Loong Resources Bhd is optimistic that the current downtrend in crude palm oil (CPO) prices will not hurt its profit for the financial year ending Jan 31 (FY09).
31-07-2008
Papuans to enjoy spoils of Indonesia’s oil palm boom, says govt
29/07/2008 (Radio New Zealand International) - Indonesia’s Department of Agriculture says its serious about ensuring Papuans have a fair share of the prosperity from oil palm development in the region.
31-07-2008
Govt to supply subsidised palm oil at Rs 45/l to states
30/07/2008 (The Economic Times), Hyderabad - With elections just a winter away, the Centre has decided to supply 25 lakh tonne of palm oil at Rs 45 per litre to over a dozen states in the country. The market price of palm oil is around Rs 65 per litre at present. The Centre will have to fork out a subsidy of Rs 1,500 crore annually for this scheme.
31-07-2008
CPO Prices Not Expected To Decline Drastically, Says Peter Chin
29/07/2008 (Bernama) - Crude palm oil prices are not expected to decline drastically as global demand for vegetable oils continues to exceed supply, Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui, said here Tuesday.
29-07-2008
Palm oil climbs on stronger soyoil
29/07/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures rebounded on Monday, tracking soyoil’s rise, but further gains would likely depend on the strength of crude oil prices.