Archived News

08/10/2007 (Commodity Online), MUMBAI - India’s largest commodity bourse, the Multi Commodity Exchange (MCX), is planning to launch crude palm oil futures soon.

04/10/2007 (The Star Online), SANDAKAN - Oil palm companies in the east Asean growth area must adopt "self regulation" through sustainable development to counter the anti-palm oil lobby.

04/10/2007 (The Hindu), New Delhi - The government has left the base price or tariff value for levying customs duties on palm oil and soyabean oil unchanged for the next fortnight to stabilise prices their at current levels.

05/10/2007 (Reuters) - Malaysian palm oil futures have lost four percent since Monday, tracking to a sell-off in soybean oil and crude oil markets.

05/10/2007 (The International News), Jakarta - Indonesian palm oil prices edged up on Thursday, powered by a combination of gains in Malaysia and a weakening rupiah, while the olein market remained quiet ahead of Eid-ul-Fitr next week.

04/10/2007 (The Edge Daily), Kuala Lumpur - MWE Holdings Bhd is diversifying into palm oil activities via the acquisition of Fauzi Lim Plantation Sdn Bhd (FLP), which manages and operates a 2,023.4 hectare oil palm plantation in Gua Musang, Kelantan, for RM34.2 million cash.

04/10/2007 (Bernama), London - Indonesian Agriculture Minister Anton Apriyantono on Wednesday launched a campaign on "Promotion of Indonesian Sustainable Palm Oil" following negative campaigns by European NGOs' on Indonesia's oil palm plantations.

04/10/2007 (Reuters), London - The biofuels bandwagon may be running out of gas with soaring costs for feedstocks like wheat and palm oil prompting producers to shelve planned plants and cut output at existing facilities.

03/10/2007 (The Jakarta Post) - The latest figures from the Central Statistics Agency (BPS) show that the government's attempts to control cooking oil prices by hiking the export duty on crude palm oil may finally be bearing fruit, albeit at the expense of the country's exports.

04/10/2007 (The Star Online), NIBONG TEBAL - Eonmetall Group Bhd will soon deliver the country’s first solvent extraction plant to a major plantation player in Johor Baru that owns and operates over 11,000ha of oil palm plantations in the country.

03/10/2007 (Bernama) - MYFUEL Ltd has allocated RM160 million to set up biodiesel facilities at the Port Klang Free Zone (PKFZ), group managing director George Joukador said today.

03/10/2007 (Ghanaian Times) - Vice-President Aliu Mahama has advised traditional authorities to increase the potential value of their areas by enhancing-environmental cleanliness and improving the level of service offered to visitors.