Archived News

KUALA LUMPUR, May 18 (Bernama) -- The government is reactivating the cooking oil price stabilisation scheme from June 1 in an effort to ensure sufficient supply of cooking oil and that its ceiling price is maintained, the Plantation Industries and Commodities Ministry announced today.

21/5/07 (The Jakarta Post) - Biofuel producers are urging the government to make the use of biofuel compulsory in order for the eco-friendly fuel business to become more economically viable.

16/5/07 (Bloomberg) -- Palm oil in Malaysia rose for a fifth day in six after Indian trade data showed imports of the world's most traded vegetable oil rose in April to a four-month high.

9/5/07 (The Edge News) - Sukanto Tanoto, Indonesia's richest man, said his unlisted group RGM International has begun a US$4 billion (RM13.6 billion) expansion of its pulp and paper, palm oil, energy, and other interests to increase its size by 70% by 2009.

9/5/07 (Daily Express) - Kota Kinabalu: The Sawit Kinabalu Berhad Group has successfully produced the first DxP oil palm clone from leaf ex-plant through tissue culture techniques from its biotechnology laboratory in Tawau.

7/5/07 (The Jakarta Post, Jakarta) - China's largest offshore oil producer by output, CNOOC, plans to build three biodiesel plants in West Kalimantan this year, a government official says.

7/5/07 (The Jakarta Post) - Seen from the point of view of supply and demand, the steep rise in domestic cooking oil prices over the last few weeks seems rather strange, as it has nothing to do with supply shortages or a sudden surge in demand.

KUALA LUMPUR, May 7 (Bernama) -- The Malaysian Palm Oil Council (MPOB) says it will continue to promote palm oil as a great solution for halal products.

8/5/07 (The Edge News) - Felda Holdings Bhd will buy up to 80% of Twin Rivers Technology of Quincy, Massachusetts (TRT), one of North America's leading oleochemical companies, said Felda group managing director Datuk Mohd Bakke Salleh.

9/5/07 (The Guardian) - The global rush to switch from oil to energy derived from plants will drive deforestation, push small farmers off the land and lead to serious food shortages and increased poverty unless carefully managed, says the most comprehensive survey yet completed of energy crops.

5/5/07 Jakarta (ANTARA News) - Implementation of the government`s oil-palm plantation revitalization program on 2 million hectares of land in 2007-2011 will require the employment of about 340,000 people, an Agriculture Ministry official said.

6/5/07 (NSTP) - KUALA LUMPUR: Two ministries will be working to overcome the shortage of cooking oil and ensure that it is sold at the ceiling price.