Archived News

4/7/07 (The Edge Daily) - This year's rally in crude palm oil (CPO) prices to record high levels has started to affect demand, leading to a sharp fall in June exports as buyers switch to cheaper South American soyoil, which was trading below palm oil prices for the past few months.

25/6/07 (The Star) MALACCA - The Plantation Industries and Commodities Ministry is on a campaign to educate consumers, especially those in European countries, that development of oil palm plantations have not resulted in the killing orang utans or caused global warming.

26/6/07 (The Star) - PUTRAJAYA: Malaysian palm oil demand from several European countries has dropped following anti palm oil campaign by environmental groups.

July 5 2007 (Business Times) - THE Malaysian Palm Oil Board (MPOB) is to take over from the Malaysian Industrial Development Authority (Mida) as the issuer of biofuel licences next year.

24/6/07 (Huntingtonnew.net) - The Germany-based Society for Threatened Peoples (GfbV) sharply criticized an advertising campaign of Indonesia and Malaysia for the use of palm-oil as bio fuel.

23/6/07 (The Star) - EARLIER this month, Plantation Industries and Commodities Minister Datuk Peter Chin led a delegation of palm oil industry representatives on a six-day trip to the Hague, Brussels and London. The mission was to address the groundswell of negativity towards palm oil.

23/6/07 (NSTP) - KUALA LUMPUR: Malaysian palm oil has taken to the airwaves to counter bad press in the West.

25/6/07 (The Star) - The Malaysian Indonesian Business Council (MIBC) has scored major inroads into the Indonesian market through initiatives involving the opening up of land as well as facilitation of infrastructure and power projects.

22/6/07 (Business TImes) - KULIM (Malaysia) Bhd will exit the plantation business in Indonesia by selling its four Indonesian subsidiaries for RM430 million and focus on Malaysia, Papua New Guinea and the Solomon Islands.

20/6/07 ( The Jakarta Post) - The government finally decided last week to increase the export tax on crude palm oil and its derivatives from about 1.5 percent to 6.5 percent per metric ton, in a concerted effort to help bring down domestic cooking oil prices to below Rp 7,000 per kilogram, or US$777 a ton, compared to the international price of around $800.

20/6/07 (The Jakarta Post ) - Indonesia and Malaysia are to set up a joint body tasked with exploring opportunities for economic cooperation between the two nations in such lucrative sectors such as crude palm oil, Islamic finance and the halal industry.

19/6/07 (The Star) - KUALA LUMPUR: The production of palm oil is done in a sustainable manner in Malaysia, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui on Tuesday.