Archived News

21/11/06 (India Daily) - Palm oil prices, which rose by as much as 30 dollars per tonne in the global commodity market has cast its shadow in the domestic market, an industry expert said. "Palm oil prices have gone up, but exactly not in line with international prices.

20/11/06 KARACHI, (Asia Pulse) - Pakistani trade authorities are considering a Malaysian request that it cuts its import duty on palm oil by about 20 per cent, a senior official said on Thursday. Ismail Qureshi, permanent secretary at the Ministry of Food and Agriculture, said the government had received a request to cut the import duty during a visit of Malaysian Prime Minister Abdullah Ahmad Badawi this month.

KUALA LUMPUR, Nov 21 (Reuters) - Malaysian crude palm oil futures jumped as much as 4.5 percent on Tuesday to reach a new 30-month high, boosting shares in listed plantation firms.

22/11/06 (The Star) - PETALING JAYA: Plantation stocks dominated Bursa Malaysia gainers' list yesterday on strong anticipation that earnings by plantation companies would be boosted by the high price of crude palm oil (CPO

21/11/06 (NSTP) - KOTA KINABALU: A motorised oil palm harvester could reduce the number of foreign workers needed in the industry.

21/11/06 (The Star) - PETALING JAYA: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rallied to close above the RM1,800 mark - the highest in about 2½ years - on speculative buying interest buoyed by higher soy bean prices on the Chicago Board of Trade and China market.

20/11/06 (The Star) - IJM Plantations Bhd is banking on its maiden venture in biodiesel as well as oil palm related operations in Indonesia and India to strengthen its foothold as a successful plantation player in the Asia-Pacific region.

20/11/06 (RTTNews) - India has offered further pruning of its negative list of 560 items for Association of South East Nations on which there would be no duty cuts. This is aimed at early conclusion of the negotiations for a free trade agreement with the regional block.

21/11/06 (AP) - Biofuel production in Australia is booming but the fuel will require further government support to become a viable alternative to conventional fuels in the future, according to a study.

21/11/06 (Reuters) - BOGOR, Indonesia - The United States is "very supportive" of biofuel initiatives, President George Bush said on Monday during a visit to Indonesia, which is trying to develop that sector as it copes with growing energy demand.

21/11/06 (The Times Of India) - NEW DELHI: Asean has demanded more duty concessions from India to sign a comprehensive economic cooperation agreement (CECA) - a free trade agreement covering goods, services and investment.

HANOI, Nov 16 (Bernama) -- Malaysia can become a global player in the bioenergy industry if it continues its aggressive plan to develop palm oil into biodiesel.