Archived News

7/3/07 (Reuters) KUALA LUMPUR - Palm oil prices are holding on to last year's strong gains, despite a global flight from risky assets, and when industry analysts gather in Malaysia next week they are likely to say that the rally is far from over.

9/3/07 (Business Times) - KAF-Seagroatt & Campbell has revised upward its earnings estimate for plantation company TSH Resources Bhd for the next three years by 33 per cent, factoring in contribution from an associate company and increase in palm bio-integration earnings.

6/3/07 (Daily World Writer ) OLYMPIA- Coastal Caucus legislators are scrambling to remove a last-minute amendment that would prevent biodiesel companies like Imperium Renewables from using the most popular kinds of palm oil.

6/3/07 (Daily Times) ISLAMABAD - The Pakistan Vanaspati Manufacturers Association (PVMA), while opposing the subsidy on ghee by the government, has said that subsidy to the Utility Stores network will only benefit 10-15% of the consumers, whereas the PVMA member units financially suffer because of intense competition within the association.

7/3/07 (Daily World writer) - The supply chain for the new biodiesel plant at the Port of Grays Harbor likely will more than double the cargo vessel traffic for Grays Harbor.

8/3/07 (The Financial express) NEW DELHI - The producers of vanaspati (hydrogenated vegetable oils) have criticised the Union Budget 2007-08 and have said that steps taken by the finance minister, P Chidambaram for regulating the prices of edible oils are neither adequate nor appropriate.

28/2/07 KUALA LUMPUR, Malaysia (AP) -- Plantation firm PPB Oil Palms Bhd. said Thursday it is confident Malaysian regulators won't block its $4.3 billion merger with Singapore palm oil refiner Wilmar International Ltd.

5/3/07 New Delhi, (PTI): The Government has kept unchanged the tariff values for imported edible oils in a bid to contain prices of cooking oil in the country.

6/3/07 (Bernama) - UNITED Plantations Bhd (UPB) aims to exceed its yield target of 6 tonnes of crude palm oil (CPO) per hectare this year, after touching 5.9 tonnes previously.

3/3/07 TAMPA, Fla., (Reuters) - U.S. production of soybeans designed to produce low-trans-fat cooking oils must increase to keep rising imports of palm oil from filling food companies' demand for healthier oils, according to U.S. soybean industry representatives.

3/3/07 (The Star) - THE El Nino phenomenon experienced last year will have minimal impact on Malaysia's overall palm oil production growth this year.

2/3/07 (The Star) MIRI - Sarawak is expected to rake in RM100mil in taxes from the sale of its crude palm oil this year.