Archived News

07/04/2008 (PR-inside.com), Jakarta - Indonesia's peat land forests are still being cut down to make way for palm oil plantations despite government pledges to stop the destruction, the environmental group Greenpeace said Monday.

07/04/2008 (AFP), Jakarta — Indonesia is failing to halt the destruction of its peatland forests despite promising to do so during last year's climate change conference in Bali, pressure group Greenpeace said Monday.

07/04/2008 (Modern Ghana) - Imports of palm oil into the European Union (EU) are set to grow as it is relatively cheaper than soy or sun oil.

08/04/2008(Pakistan Times), Karachi - The supply of palm oil to the whole country from Karachi lay suspended owing to the oil tankers strike here.

08/04/2008 (Daily Times, Pakistan), Karachi - The edible oil stocks in the mills all over the country remained for two to three days as the private sector transporters have stopped supply in protest on allowing National Logistic Cell (NLC) as an alternative transporter, Pakistan Vanaspati Manufacturers Association (PVMA) said here on Monday.

05/04/2008 (Kuensel Online) - Business for country’s most lucrative industry, palm oil, hit the wall on March 31 when the government of India scrapped all import duties on crude edible oil as a measure to control inflation and rising food prices in India.

05/04/2008 (Khaleej Times Online), Jakarta - Once a golden promise in the fight against climate change, biofuels are fast losing their lustre as high demand for essential crops drives land clearing and pushes up the price of food.

07/04/2008 (The Navhind Times) - Inflation seems to have raised its ugly head again. Unlike in the recent past, this time the price rise is not attributable to only food items or any specific sector; rather, it is more wide spread across commodities and industries and therefore the challenge is greater.In fact, non-food items have contributed in greater measure to rising prices. Now, it is almost certain that it will adversely impact the high GDP growth rate of 9 per cent. The wholesale price index (WPI) has already touched 7 per cent the highest in three years, and has posed, perhaps the biggest threat to the government. With elections to the Lok Sabha just a year away, the government at the Centre is trying all that it can to arrest the rising trend.

04/04/2008 (The Star Online), Kuala Lumpur - Malaysia’s exports grew at the fastest pace in 15 months in February as rising crude and palm oil exports countered declining electronics sales.

03/04/2008 (The Financial Express), Mumbai - Malaysia India POTS 2008, the 1st International trade fair and seminar on palm oil and conversion industry in India, will be organised by Malaysia Palm Oil Council (MPOC) on May 29 and 30, 2008 in Mumbai.

03/04/2008 (The Hindu Business Line), Mumbai - The big bio-fuel boom may not be coming to an end anytime soon; but artificially jacked up market prices of vegetable oils — unrelated to real demand — are in for a sharp correction. No doubt, there has been a near-collapse of soyabean oil and palm oil prices in the last few days; but it was the just removal of speculative froth.

03/04/2008 (The Edge Daily), Kuala Lumpur - Sime Darby Bhd is planning to invest over €34 million (RM169.03 million) in its current Unimills BV’s facilities Zwijndrecht, The Netherlands and other locations in Europe to further strengthen its position in the oils and fats downstream business in the continent.