Archived News

17/8/07 (AP) BEIJING - The government slammed Chinese instant noodle makers Friday as being partly to blame for a surge in inflation, saying they illegally colluded to boost prices by up to 40 percent in a scheme that prompted a public outcry.

5/8/07 (Reuters) - MEDAN, Indonesia: Indonesia expects palm oil output to grow sharply in the next two years but stricter forest protection may then slow expansion, a senior industry official said.

7/8/07 (The News) KUALA LUMPUR: Asia's vegetable oil demand for the festival season has been dampened by surging prices and a seasonal upswing in production from Southeast Asia could result in swelling stockpiles.

6/8/07 MIRI, (Bernama) -- Plantation Industry and Commodities Minister Datuk Peter Chin Fah Kui today dismissed an allegation by DAP secretary-general Lim Guan Eng that the government was having an extra RM1.4 billion collected from oil palm planters as cess under the Cooking Oil Stabilisation Scheme (COSS).

5/8/07 (Daily Times, Pakistan) - MEDAN, Indonesia: Indonesia expects palm oil output to grow sharply in the next two years but stricter forest protection may then slow expansion, a senior industry official said.

7/8/07 (Business Times) - TO encourage the private sector to generate energy from biomass resources, Tenaga Nasional Bhd (TNB) has increased the purchase price of electricity produced from palm oil biomass waste to 21 sen per kilowatt hour fromincreasing price, better REPPA and more money from CDM, renewable energy will become a viable project," he said.

7/8/07 (The Econimic Times) - NEW DELHI: India's import of sensitive items went up by 11.6 per cent in the first quarter to Rs 4,877 crore from Rs 4,371 crore in the same period last year, led by a sharp rise in the import of edible oils.

26/7/907 DELHI: The government on Wednesday clarified the actual duty cut on crude palm oil was 5% and not 10% as notified on Tuesday. The bureaucratic error threw the domestic vegetable oil market into turmoil. The market, which fell sharply on Tuesday, rose again on Wednesday after it was confirmed the duty on crude palm oil was finally 45% and not 40%.

6/8/07 (The Star) - SYNERGY Drive Sdn Bhd is poised to be the most liquid stock with the largest market capitalisation on Bursa Malaysia, given its status as the world's largest oil palm plantation group and potentially, Malaysia's largest property developer.

7/8/07 (AP) - Like many battles, this one's being fought block by block. Victory, for whoever prevails, will be sweet. Or bitter or even bittersweet.

19/7/07 (The Edge Daily) - The current bullish trend of crude palm oil (CPO) prices would not have a severe impact on Malaysia's palm oil exports, but may lead buyers to switch to other oils that are less expensive.

19/7/07 (The Financial Express) - NEW DELHI, With tariff cut on edible oil being one of the main unresolved issues, India and Asean are entering into two crucial meetings, including one on Friday, hoping to wrap up their talks on the proposed Free Trade Agreement in goods by this month-end. Talks on inking a pact on services and investments will follow the FTA.