Archived News

28/02/2008 (Bloomberg) - Wilmar International Ltd., the world's biggest palm oil trader, said fourth-quarter profit jumped fivefold after prices rose to a record and it made acquisitions to benefit from increased demand.

27/02/2008 (Reuters) - Indonesia's largest listed plantation firm, PT Astra Agro Lestari Tbk AALI.JK, reported a better-than-expected four-fold increase in its fourth quarter net profit on Wednesday, driven by a surge in palm oil prices.

28/02/2008 (Business Standard) - Mixing of cheap coconut oil with costly edible oils is rampant in south.

27/02/2008 (The Hindu Business Line) - Will the crude palm oil (CPO) price bubble burst sooner than many think? The market has been rising relentlessly in recent times, and has been racing towards the magical 4,000 Malaysian ringgits (MYR) a tonne in the wake of rising crude prices, weak dollar and robust demand.

27/02/2008 (KBC) - Palm oil production may be a successful business venture in the country in the coming years.

28/02/2008 (The News - International, Pakistan), Karachi - Malaysia has refused to allocate export quota of RBD palm olein to Pakistan raising fears of an impending shortage of edible oil in coming days, an industry official told The News on Wednesday.

27/02/2008 (Sify.com), Kuala Lumpur - Malaysia is closely examining cultivation of jatropha, a bio-diesel feedstock, Government officials said. Intercropping with oil palm is seen as the way to promote this new source of oil. Currently, about three million hectares are under oil palm cultivation in this country.

25/02/2008 (Rediff News) - With the government planning to start 20 per cent blending of bio-diesel with diesel, Indian oil [Get Quote] companies are fast firming up their bio-diesel ventures.

28/02/2008 (NST Online) - Palm oil is riding high. The bullish mood is expected to prevail in the coming months. Prices have hit historic highs and show no sign of softening. At more than RM3,800 a tonne, profits have never been better.

25/02/2008 (The Hindu Business Line), Mumbai - It is not unusual for vegetable oil prices to spike days ahead of the global industry’s calendar event — Palm and Lauric Oils Price Outlook held in Kuala Lumpur at this time of the year. We have seen it happen in the past. This year is no different. The market for both palm and soya oils has reached the stratosphere, with prices continuing to record new highs from time to time.

26/02/2008 (Red Orbit) - The three-day Palm and Lauric Oils Conference (POC) 2008, which started yesterday, will see more than 1,600 delegates gathering in Kuala Lumpur, surpassing last year's number of 1,500.

26/02/2008 (The Edge Daily), Kuala Lumpur - The current prices of feedstocks were too high to make biodiesel's production cost at a competitive level, says Dutch cooperative bank Rabobank International in the Palm Oil Conference 2008 held here on Feb 26.