Archived News

30/12/06 (The Jakarta Post) - The fourth Round Table on Sustainable Palm Oil (RSPO) session, which was held recently in Singapore, clearly shows that while the demand for crude palm oil, including for bio-diesel fuel, will continue to increase in coming years, it is just a matter of time for CPO producers to face more demanding consumers. Of course they want cheaper price but better quality.

21/12/06 (The Jakarta Post) - A consortium of five state-owned and regional banks has committed itself to providing a total of Rp 25.56 trillion (US$2.8 billion) in loans for the development of plantations across the country, including those producing biofuel feedstock.

3/1/07 (BBC News) - Many palm oil plantations are grown on areas of cleared rainforest.

NEW DELHI, Jan 3 (Bernama) -- The base import prices of palm oil and soya oil have been left unchanged by the Indian government to fight inflation, a Finance Ministry official has been quoted as saying.

4/1/2007 KUALA LUMPUR, (AFP): Malaysia will ride a commodities boom in the year ahead, with soaring prices for palm oil, rubber, tin and timber providing a boost to the economy, analysts say.

2/1/07 NEW DELHI (Reuters) - India, one of the world's top importers of edible oils, has cut import duties on refined oils from Pakistan and Sri Lanka to 52.5 percent from 68.75 percent earlier.

29/12/06 (Busienss Times) - PALM oil futures surged to their highest since January 1999 as heavy rains in Indonesia and Malaysia, the two largest producers, may further curb output at a time of year when production naturally dips.

29/12/06 (The Economic Times) - NEW DELHI: India's hopes of signing a free trade agreement (FTA) with the Asean countries during the Asean Summit next month may not come true.

29/12/06 (The Financial Times)KARACHI - Palm products import has been halted as international prices have hit $650 fence on Thursday's trading. Importers said that till Wednesday, a few orders were placed in the international market for import of palm products, however, it was suspended when the prices crossed $640 per ton peak.

28/12/06 KUALA LUMPUR (AFP) - Three of Malaysia's biggest plantation firms have begun moves to combine into the world's largest listed palm oil company ahead of signing a 8.86 billion US dollar merger deal next month.

KUALA LUMPUR, Dec 27 (Bernama) -- Malaysia's non-oil primary commodities -- crude palm oil (CPO), rubber and tin -- are in for a good 2007, riding high on continuous global market demand, analysts say.

21/12/06 KUALA LUMPUR, Malaysia (AP) -- Malaysian conglomerate Sime Darby and two of its unit on Thursday agreed to sell their businesses, marking the first step toward a complex merger involving seven other companies that will create the world's No.1 palm oil producer.