Archived News

11/6/07 (The Stars) - CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives experienced wild swings last week as prices soared in early trading to new historic highs. They then turned bearish following a wave of heavy selling linked to long-liquidation profit-taking and hedge-selling by producers.

7/6/07 (Business Times) - MALAYSIA is ready to compete, at least according to Bursa Malaysia Bhd chief operations officer Omar Merican.

6/6/07 (The News, Pakistan) - KUALA LUMPUR: Malaysian palm futures climbed 1.7 per cent on Tuesday, setting a new high as firm soyoil and expectations that the Indonesian government would increase export taxes on the commodity boosted the market.

8/6/07 (The Jakarta Post/Jakarta) - In an attempt to curb the rising price of domestic cooking oil, the government may impose an additional 5 percent export duty on crude palm oil (CPO) -- the main raw material used in cooking oil -- next month.

6/607 (Daily Express News) - DUBAI: Malaysia has to consistently look for new outlets for its palm oil while securing its traditional markets by tracking several elements, according to the Malaysian Palm Oil Council (MPOC).

6/6/07 (Financial Express) - MUMBAI, Edible oil prices, mainly refined soy oil, RBD palmolein and groundnut oil, have moved up by Rs 10-25 per 10 kg in the past 15 days following strong overseas markets supported by steady local buying.

8/6/07 (The Economic Times) - NEW DELHI: If the government wants to bring down vegetable oil prices, it has to simply give the nod. Public sector trading companies and large edible oil companies are discussing the possibility of refining and packing imported vegetable oil for consumers scalded by a boil in prices.

5/6/07 (mongabay.com) - Indonesian Minister for Environment Rachmat Witoelar said Indonesia will not allow palm oil producers to clear primary forests for establishing plantations, reports Bloomberg.

DUBAI, June 5 (Bernama) -- Malaysia has to consistently look for new outlets for its palm oil while securing its traditional markets by tracking several elements, according to the Malaysian Palm Oil Council (MPOC).

6/6/607 (International Herald Tribune) - CHICAGO: Soybean futures climbed Tuesday, extending a rally to a 35-month high, as demand for vegetable oil to make fuel reduced global inventories of soybeans for food use. Soybean oil rose to a 23-year high.

5/6/07 (The Star) - KUALA LUMPUR: Producing biodegradable plastic from palm oil may soon be possible if research between the Science, Technology and Innovation Ministry and the Massachusetts Institute of Technology (MIT) goes well.

5/6/07 (Bloomberg) -- Indonesia, the world's third-largest emitter of greenhouse gases, won't allow oil palm growers to cut primary forests for establishing plantations, Minister for Environment Rachmat Witoelar said.