Archived News

19/02/2008 (Asia Sentinel) - The US decision to divert food crops for motor-fuel is proving a costly mistake – especially for Asia.

19/02/2008 (The News - International, Pakistan), Kuala Lumpur - Malaysian crude palm oil futures jumped 3.4 per cent on Monday to hit another high as ruined oilseed crops in China fuelled massive buying in the global vegetable oil markets, traders said.

19/02/2008 (Commodity Online), Mumbai - Palm oil futures in Malaysia soared to a record amid speculation demand for the vegetable oil may increase after severe snowstorms damaged China's rapeseed crop.

19/02/2008 (The Star Online), Kuala Lumpur - Mentiga Corp Bhd will invest RM25mil to develop 5,000 acres in Sungai Lembing, Pahang, for the planting of oil palm this year.

16/02/2008 (The Daily Express News, East Malaysia), Tawau - Oil Palm plantation smallholders in Sungai Bolong, Balung feel the taxes they have paid to the Government on some RM140 million worth of palm oil they produce annually does not match the quality of roads they are hoping for.

19/02/2008 (The Daily Times, Pakistan), Lahore - The farmers would get attractive price of canola and other seed crops, as the price of palm oil has increased in the international market, Daily Times learnt here on Monday.

18/02/2008 (The Economic Times), New Delhi - January has been a sizzler for world food prices. Everything from vegetable oils to coffee to sugar became more expensive. For a food trading country such as India, that is a mixed blessing.

18/02/2008 (Independent Bangladesh) - Prices of cooking oils increased more than Tk 200 per maund (37.3 kilogram) within a day on Saturday because of their dwindling supplies. The fresh jump in wholesale prices instantly influenced the already volatile retail market, where non-packed soya bean price surged to a range of Tk 104 and Tk 110 per kilogram on Saturday.

18/02/2008 (The Star Online) - POIC Sabah Sdn Bhd\'s palm oil industrial cluster (POIC) project in Lahad Datu has steadily attracted “quality” investors since its launch over the past two years.

16/02/2008 (Sify.com), Chennai - The Central Organisation for Oil Industry and Trade (COOIT) has urged the Union Finance Ministry to keep the customs duty on import of vegetable oils unchanged in order to help increase oilseeds production in the country.

15/02/2008 (The Economic Times), New Delhi - The base prices of edible oils, which determine the customs duties on them, have been kept unchanged by the government for the next 15 days to keep the rising prices of the commodities under check.

13/02/2008 (Forbes), Kuala Lumpur - Malaysia, the world's leading producer of palm oil, said Wednesday crude palm oil production rose 2 percent in January from December as the industry recovered from a seasonal year-end downcycle.