Archived News

21/08/2007, NEW DELHI (Reuters) - Edible oil prices in India should not rise sharply in the festival season that starts this month because of imports, timely monsoon rains and prospects of a good oilseed crop, industry officials said on Monday.

21/08/2007 (The Daily Star) - Bangladesh Rifles (BDR) will start market monitoring in the capital from tomorrow to ensure selling of soya bean and palm oil at Tk 80 and Tk 76-78 a litre.

18/08/2007 (The Star Online), KUALA LUMPUR - The Malaysian Palm Oil Board (MPOB) is bullish on the palm oil industry and does not expect the current global market meltdown to affect the industry.

17/08/2007 (The Star Online), KUALA LUMPUR - Golden Hope Plantations Bhd expects crude palm oil prices to hover around RM2,300 to RM2,400 per tonne by year end, supported by demand for biofuel and biodiesel, said chief executive officer Datuk Sabri Ahmad.

17/08/2007 (Bernama), BANGI - The Malaysian Palm Oil Board (MPOB) is implementing various programmes for smallholders including providing planting materials such as quality seedlings to increase the production of oil palm.

17/08/2007 (Bernama), BANGI - Palm oil prices, now averaging RM2,500 per tonne, will remain fairly high for sometime to come due to brisk demand from both the food and energy sectors, Malaysian Palm Oil Board (MPOB) director-general Datuk Dr Mohd Basri Wahid said Friday.

16/8/06 NEW DELHI (Reuters) - India left its base import prices for palm and soy oils unchanged on Thursday, extending a year-long freeze to help contain inflation ahead of an expected pick-up in demand due to the start of the festival season.

16/8/07 (APX) KUALA LUMPUR - IOI Corp Bhd said has agreed to set up two joint ventures for oil palm cultivation in Kalimantan, Indonesia with the Harita Group and its affiliates.

17/8/07 (Daily Yomiuri Online) - The government has formulated a policy to provide Malaysia with technological assistance to produce biofuel, which can help curtail greenhouse gas emissions, government sources said Thursday.

13/8/07 (AFP) JAKARTA - Indonesia may force palm oil producers to set aside a portion of their output to sell here amid rising prices in a bid to dampen inflation in Southeast Asia's largest economy, a report said Monday.

14/8/07 9Dow Jones) -- Global edible oil prices look set to fall in the October 2007 to November 2008 marketing year, as a supply tightness that sent the market surging to multiyear highs is easing, an influential analyst said Wednesday.

15/8/07 (The Jakarta Post, Jakarta) - Despite the high price of cooking oil, the government has no plans to apply a domestic market obligation (DMO) to crude palm oil producers -- which would force them to set aside part of their output for the domestic market -- to help stabilize the price, a minister said Tuesday.