Archived News
12-03-2008
Soaring palm oil price to hit State
11/03/2008 (The Hindu), Kollam - As Malaysia has begun diverting huge quantities of palm oil for the production of biofuel, the international price of the oil is soaring. The development will have a major impact on Kerala economy since palm oil is a widely used medium of cooking in the State.
10-03-2008
Long way to go for biofuel industry
10/03/2008 (The Edge Daily), Kuala Lumpur - When reports that European Union (EU) might ban biofuels derived from crops grown on some sensitive ecosystems surfaced, Malaysian palm oil players were feared to be the biggest casualties.
10-03-2008
ANALYSIS-Thai shares bask in biofuel frenzy, for now
10/03/2008 (Reuters), Bangkok - Thai growers of "energy" crops such as palmoil and sugar are enjoying big profits and soaring share prices as demand surges for alternative fuels, but state price controls to fight inflation may check further gains.
10-03-2008
Environment high on corporate M’sia agenda
10/03/2008 (The Star Online) - MALAYSIAN companies are increasingly aware of the detrimental effects of global warming, and some have been actively addressing its impact via systematic initiatives over the past three to five years.
10-03-2008
Biofuel policy faces hurdles
10/03/2008 (The Star Online) - RECENTLY, the first biofuel-powered commercial aircraft flew from London to Amsterdam. The test flight of the Boeing 747, a joint initiative between The Boeing Company, Virgin Atlantic Airways Ltd and GE Aviation, used a 20% biofuel mix of coconut and babassu oil in one of the plane's four main fuel tanks.
10-03-2008
Edible oil prices show a southward journey
10/03/2008 (The Economic Times), Ahmedabad - Triggered by the corrections in global edible oil markets, the prices of groundnut, cotton seed and palm oil fell sharply in the local markets in Gujarat. Production centres in the past week witnessed a decline in prices in the wholesale and retail markets.
10-03-2008
Govt refixes edible oil prices again today: Both soyabean, palm oil prices may go up
09/03/2008 (The New Nation, Bangladesh) - Common people have become frustrated as prices of essentials going up everyday in markets. Sufferings of people continue to increase with the rising prices of essentials. The government's initiative of controlling prices of essentials has broke down.
10-03-2008
Cameroon Raises Pay, Cuts Wheat, Palm-Oil Taxes After Riots
08/03/2008 (Bloomberg) - Cameroon's President Paul Biya boosted pay for civil servants and military personnel and abolished import duties on wheat, palm oil and cement in an attempt to calm tensions after riots last month.
10-03-2008
China fears take toll on edible oil
06/03/2008 (The Economic Times), Kuala Lumpur - The sharp reversal in Asian vegetable oil prices moved into a second day on Wednesday as rumours of Chinese action to cool runaway edible oil prices were given credence by official comments.
10-03-2008
Indonesia scraps $5.9bn biodiesel plans
05/03/2008 (The Age) - Indonesian palm oil growers are scrapping or amending plans to make biodiesel after the commodity's surge to a record made the projects unviable, executives say.
03-03-2008
Bangladesh bans exports of soybean, palm oil
03/03/2008 (Reuters), Dhaka - Bangladesh has banned exports of soybean oil and palm oil for six months to halt soaring prices in the country's retail market, officials said on Monday.
03-03-2008
Thailand Inflation Rises at Fastest Pace in 20 Months
03/03/2008 (Bloomberg) - Thailand's consumer prices rose at the fastest pace in 20 months in February as food and fuel costs climbed, making it more difficult for the central bank to cut interest rates to spur economic growth.