Archived News

27/5/07 SINGAPORE (AFP) - Indofood Agri Resources will buy Indonesian oil palm plantation firm London Sumatra for 1.59 billion Singapore dollars (1.05 billion US), the Singapore-listed firm said.

26/5/07 (Business Recorder) KARACHI: A serious edible oil crisis is looming over the country as the world palm oil prices breached 850 dollar on Friday trading, setting a new world's all time high record. Senior trader said that the international palm oil prices registered an upsurge of 13 dollars per ton during an intra-day trade.

29/5/07 (The Star) - PETALING JAYA: The price of crude palm oil (CPO) continues to trail blaze.

25/5/07 Jakarta (ANTARA News) - Austria was interested in investing in a biofuel industry development, both from crude palm oil and jatropha curcas plants, according to a diplomat.

28/5/07 (Bloomberg News) - CHICAGO: Soybeans rose to their highest price since 2004 on Friday, extending this month's rally, as production of crop-based fuels increased demand for vegetable oils while reducing supplies available for food production.

7/5/07 (EIU ) - The biofuel industry is becoming the problem child of Chinese economic minders. Having nurtured it for years, they now fear that the sector has grown too much and too fast, eating into the country's stockpiles of surplus corn and pushing up grain prices. Now, government leaders face the uncomfortable dilemma of having to choose between the country's green agenda and its national food security.

11/5/07 DUBLIN, Ireland -- (BUSINESS WIRE) -- Research and Markets has announced the addition of China Grease Market Research, 2007 to their offering.

16/5/07 (BUSINESS TIMES) -- IOI Corp Bhd boss Tan Sri Lee Shin Cheng has fuelled market talk that he is after Genting Bhd's plantation unit, Asiatic Development Bhd, when he did not deny this yesterday.

15/5/07 (THE JAKARTA POST) -- BATAM, Riau Islands: PT Bakrie Rekin Bio Energy is building a biodiesel processing plant in Batam, which is expected to start operating mid next year and be able to process 100,000 tons of biodiesel annually, mainly for the overseas market

15/5/ 07(Soyatech.com) - Pressure for consumer acceptance of genetically modified foods will intensify as global warming brings even harsher environments for our food crops, according to Professor Mark Tester at the University of Adelaide, Australia.

8/5/07 (AP ) ROME -- Biofuels like ethanol can help reduce global warming and create jobs for the rural poor, but the benefits may be offset by serious environmental problems and increased food prices for the hungry, the United Nations concluded Tuesday in its first major report on bioenergy.

8/507 (Soyatech.com) - World Commodity Forecasts Food Feedstuffs and Beverages -- April 30, 2007 -- Our estimate of total oilseeds production in 2006/07 has been raised to 306.9m tonnes, some 5.5m tonnes higher than our expectations three months ago. Higher expectations of South American soybean production account for the bulk of the increase. In 2007/08 production of oilseeds in general is expected to be lower than in 2006/07 and 2005/06.