Archived News

27/09/2007 (SR INternational) - Biodiesel is the new petroleum free fuel that will be sold in Sweden at the end of October. It produces around 12 percent less carbon dioxide emissions than normal petroleum-based diesel.

26/09/2007 (BUsiness Times) -YEE LEE Corp Bhd, a cooking oil manufacturer, says the Supply and Cooking Oil Price Stabilisation Scheme does not provide adequate compensation and payment is slow.

27/09/2007 (The Economic Times), NEW DELHI - Nafed, which has so far imported 40,000 tonne of edible oil, will keep a track of international prices before deciding on further imports.

27/09/2007 (Business Times) - NEW DELHI: National Agricultural Cooperative Marketing Federation of India (Nafed) plans to double the turnover of seed business in 2007 after entering the sector last year.

26/09/2007 (Kessben News) - Oil palm cultivators would no longer climb the trees when harvesting the fruits with the introduction of the "Malayan knife" at this year's celebration of Scientific Renaissance in Africa Day at Suhyen near Koforidua last Tuesday.

26/09/3007 (National Review Online) - Three months ago, prior to this year’s Group of Eight (G8) meeting, President Bush surprised the world when he called for setting a global goal for reducing greenhouse-gas emissions, replacing the Kyoto Protocol which will expire in 2012. This month, at the Asia-Pacific Economic Cooperation meeting, he adopted the Sydney Declaration on Climate Change, Energy Security and Clean Development, and this week he will follow up on his call by playing host to the first Major Economies Meeting on Energy Security and Climate Change, which, in addition to the G8 members, will include Australia, Brazil, China, India, Indonesia, South Korea, Mexico, and South Africa.

27/09/2007 (Lankan Business Online) – Exporters of 'vanaspathi' vegetable oil to India have called on Sri Lanka to remove a 25 dollar per tonne levy on raw material imports, if the industry is to survive.

26/09/2007 (The Jakarta Post) - The Federal Reserve's recent move doesn't provide a solid reason for Indonesia to cut its interest rates. Markets worldwide reacted positively after last week's decision by the Federal Reserve to cut the rate it charges for overnight interbank lending -- known as the Fed Funds Rate -- by half a percentage point to 4.75 percent.

27/09/2007 (The Age) - FAST food chains have cut down on the use of unhealthy trans fats amid threats of regulation, and have agreed to reduce saturated fats following pressure from health groups.

26/09/2007 (Mercury News Online) - There's almost no more fat to fry in New York's restaurants, the city bragged last week. Some 94 percent of the Big Apple's more than 3,300 restaurants have switched to trans-fat-free spreads and oils since the city's ban on them went into effect in July, the Department of Health and Mental Hygiene said.

24/09/2007 (International Herald Tribune), GOA, India - Palm oil futures in Malaysia may advance as much as 15 percent during the next year because of rising demand and a shortfall in supplies of vegetable oils, Dorab Mistry, a director at Godrej International, said Sunday.

25/09/2007 (Biofuel Review) - Sterling Biofuels International Limited has entered into a Memorandum of Understanding to develop a palm oil mill in the Lahad Datu region of Malaysia where its biodiesel plant is located. According to the company, the development of the mill will be undertaken jointly with an, as yet unamed, local partner who will provide access to minimum quantities of raw material (ie oil palm fruit bunches) for the mill. This is required for the purposes of obtaining a mill licence.