Archived News

14/3/07 KUALA LUMPUR (Reuters) - Palm oil prices are set to jump more than 20 percent by year-end as global oilseed stocks get depleted and demand from the food and fuel sectors surges, industry officials said on Wednesday.

14/3/07 (The Star) KUALA LUMPUR - FIMA Corp Bhd expects its foray into the oil palm plantation business to become profitable by 2010 and contribute about 50%, or RM30mil, to net profit by 2012.

17/3/07 (Daily Express News) Kota Kinabalu - The increase in land and building costs have pushed up prices of residential properties and those wishing prices of houses would drop may be disappointed.

14/3/07 KUALA LUMPUR (Reuters) - There is a strong possibility India may cut palm oil duties again in May as India's imports of the commodity rise, Dorab Mistry, a leading palm oil analyst, said on Wednesday.

3/13/2007 (Food Navigator.com) - Using GM techniques to change the activity of a plant enzyme could convert unsaturated oils in the seeds of a temperate plant to the more saturated kind usually found in tropical plants like palm oil, new research suggests.

14/3/07 (NSTP) - MALAYSIA, which already has sizeable oil palm plantations in neighbouring Indonesia and Papua New Guinea, now plans to expand to southern Thailand under a government-to-government initiative.

13/3/07 (The Edge Daily) - Fima Corporation Bhd (FimaCorp) expects its oil palm plantation in Kalimantan, Indonesia to contribute RM30-RM40 million in net profit by its financial year ending March 31, 2012 (FY12), its managing director Roslan Hamir said.

12/3/07 (Bloomberg News) - The price of palm oil, the world's most traded vegetable oil, will surge this year as demand increases, the impact of drought curbs supply in Southeast Asia and more governments mandate the use of alternative fuels.

11/3/07 (The Olympian) WASHINGTON - America's drive for energy independence and clean air could threaten orangutans, Sumatran tigers, elephants, rhinoceroses and the world's largest butterflies. All could be hurt as the rainforests of Southeast Asia are cleared to produce palm oil for use in biodiesel.

13/2/07 (Daily Times) KUALA LUMPUR - Indonesia's palm oil sales to India will surge this year as imports of vegetable oils to the South Asian nation hit record levels, a leading industry official said on Monday.

13/3/07 (Daily Times) - KUALA LUMPUR: India's Multi Commodity Exchange will launch a domestic crude palm oil futures contract later this month, an exchange official said on Monday.

13/3/07 (Sydney Morning Herald) - The Assistant Health Minister, Chris Pyne, hosted a meeting of industry leaders in Sydney yesterday but failed to secure unanimous support from fast-food groups for healthier cooking.