Archived News

28/08/2007 (The Manila Buletin Online) - The Philippines is foreseen to import 150,000 metric tons (MT) of palm oil this year, three times its usual import volume for several years amid increased industrial activity domestically.

26/08/2007 (Thomson Financial), MUMBAI - Fitch Ratings revised its outlook on PT Ciliandra Perkasa to positive from stable, citing support from crude palm oil (CPO) prices and Ciliandra's improving CPO production.

28/08/2007 (Bernama), KUALA LUMPUR - Newly-listed main board plantation company Sarawak Plantation Bhd plans to secure land in Kalimantan of between 30,000-50,000 hectares in the next three years in efforts to expand its palm oil acreage.

27/08/2007 (The Star Online), PUTRAJAYA - Felda is set to go global through its ventures in the international market in two areas it is most familiar with - palm oil and food.

25/08/2007 (Daily Times Pakistan), KARACHI - Pakistan’s demand for vegetable oils is expected to surge by as much as 10 percent in the new oil year but rising global prices may curb the size of imports.

23/08/2007 (Bloomberg) - IOI Corp. shares had their biggest gain in two months after the world's largest palm oil producer said fiscal fourth-quarter profit more than doubled as the price of the commodity surged.

22/08/2007 (Associated Press), HONOLULU - Hawaiian Electric Company says it will buy biodiesel only from palm oil plantations that haven't displaced native forests and peoples.

22/08/2007 (Daily Times Pakistan), JAKARTA - Indonesia is considering subsidising cooking oil prices to make the vegetable oil affordable for the poor, Industry Minister Fahmi Idris said on Tuesday.

21/08/2007 (Maui News),HONOLULU – A Hawaiian Electric Co. plan to include construction of a $61 million biodiesel fuel refinery on Maui in Waena could be delayed if the company is required to do an environmental impact statement for the project.

21/08/2007 (REUTERS) - Palm oil prices might be going through the roof and making investors and businessmen rich, but the soaring prices have not improved the lot of pickers and locals working on the fringes of the industry.

21/08/2007, NEW DELHI (Reuters) - Edible oil prices in India should not rise sharply in the festival season that starts this month because of imports, timely monsoon rains and prospects of a good oilseed crop, industry officials said on Monday.

21/08/2007 (The Daily Star) - Bangladesh Rifles (BDR) will start market monitoring in the capital from tomorrow to ensure selling of soya bean and palm oil at Tk 80 and Tk 76-78 a litre.