Archived News

15/12/2007 (Bernama), Kuantan - The Malaysian economy is expected to achieve more rapid growth with the rise of the biodiesel industry, Deputy Prime Minister Datuk Seri Najib Tun Razak said Saturday.

14/12/2007 (Daily Express), Serdang - The current high prices enjoyed by crude palm oil (CPO), moving between RM2,800 to RM2,900 per tonne, are a source of concern for certain industry players, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said Thursday.

14/12/2007 (The Jakarta Post) - Many countries at this year’s climate change conference – including China, the European Union countries, and the U.S. – have set targets for the use of biofuels to reduce their greenhouse gas emissions.

16/12/2007 (Business Standard) - Demand-supply gap widens despite cut in import duties, hike in MSP.

12/12/2007 (Reuters), London - Papua New Guinea's largest palm oil producer, New Britain Palm Oil, said on Wednesday it plans to list in London and raise 88.9 million pounds ($182 million).

13/12/2007 (Financial Times) - New Britain Palm Oil is to raise £89m in a London flotation, taking advantage of a surge in demand for cooking oil and biofuels derived from palm trees.

13/12/2007 (Daily Express), Kota Kinabalu - The Federal government should consider revising the rate of the oil palm fruit cess in Sabah as it is unfair for the industry, said Tawau MP Shim Paw Fatt.

12/12/2007 (Daily Times, Pakistan), Jimbaran, Indonesia - Indonesia has no plans to alter the current palm oil export tax scheme, Trade Minister Mari Pangestu told Reuters on Tuesday, dampening expectations for a new scheme early next year.

12/12/2007 (Commodity Online), Kochi - Kerala, popularly known as God’s Own Country these days, originally got the state’s name from the coconut tree. “Kera” in Malayalam language means Coconut and “Alam” means Land; and thus “Keralam” became the Land of Coconut.

11/12/2007 (The Motley Fool) - Malaysia's palm oil output will be less than forecast this year due to ongoing floods in many palm oil producing regions, a Cabinet minister said Tuesday.

11/12/2007 (Bloomberg) - Malaysia, the second-biggest palm oil producer, may revoke some licenses to produce biofuel from the commodity as the surging price of the raw material makes the fuel too expensive to make, a minister said.

11/12/2007 (Business Spectator), Carey Island, Malaysia - The Netherlands has warned it will not renew subsidies for palm-based biofuel until global producers meet its environmental requirements.