Archived News

4/5/07 ( Hulic.com) - JADE Announces the Launch of Crude Palm Oil Futures on 6 June 2007

7/5/07 (NSTP) - The Government's decision to make oil palm estate owners fully subsidise losses suffered by cooking oil manufacturers as a result of high palm oil prices is unlikely to significantly impact big players' earnings.

KUALA LUMPUR, May 5 (Bernama) -- The government will compensate or subsidise losses incurred by palm oil-based cooking oil suppliers due to the differences between the market price of olein and that fixed by the government to tackle the recent price increase in cooking oil by some suppliers.

3/5/07 (Bloomberg) - Mumbai: Palm oil futures in Malaysia, the world's largest grower last year, rose almost to a three-week high on increased demand from China and India, the world's biggest buyers of the vegetable oil.

May 2 (Bloomberg) -- Indonesia may produce a record 17.4 million tons of palm oil this year, surpassing Malaysia as the world's top grower, as higher yields and acreage offset the effect of a drought last year, an industry official said.

2/5/07 (Daily Express) - Sandakan: The East Malaysia Planters Association (Empa) has lambasted certain groups in the West for their recent accusations that Malaysia is killing the orang-utan to clear land for oil palm cultivation.

3.5.07 (Business Times) - SENI Spektrum Sdn Bhd, a maker of palm oil-based fuel enhancer, has attracted the attention of the Super Aguri Formula One Team.

2/5/07 MIRI, (Bernama) -- Plantation Industries and Commodities Minister Datuk Peter Chin has warned cooking oil producers not to raise prices merely because palm oil is fetching higher prices now.

29/4/07 (The Star) -- THE Guthrie Foundation of Kumpulan Guthrie Berhad has set up a scholarship programme to undertake research in the oil palm industry.

1/5/07 Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said there was as yet no need to increase the export tax on crude palm oil (CPO) to countervail an increase in the domestic price of cooking oil.

25/4/07 (Te Star0 - SINGAPORE: Malaysia's palm oil exports rose 27.1% from April 1 to April 25, compared with a month earlier, independent cargo surveyor Societe Generale de Surveillance said.