Archived News

9/1/07 JAKARTA (Antara): The Indonesian Palm Oil Businessmen Association (Gapki) has feared that new rule on the use of tankers with double-wall holds would raise the palm oil transportation tariffs by 20 percent.

9/1/2007 (soyatech.com)-- Bloomberg News reports that soybean prices may be headed for the biggest jump in three decades as farmers plant more fields with corn. U.S. farmers are preparing to sow the fewest acres of soybeans in 10 years.

4/1/07 SINGAPORE (PRNewswire) -- Joint Asian Derivatives Exchange (JADE) is pleased to announce the approval by the Monetary Authority of Singapore (MAS) of its second product, Crude Palm Oil (CPO) Futures Contract. In consultation with market participants, the CPO futures contract is targeted for launch in the first quarter of 2007.

7/1/07 (AP)KUALA LUMPUR, Malaysia -- A Malaysian company is building what it says is the world's first plant to commercially produce ethanol from nipah palm trees, with the product aimed mainly for export to countries looking for alternatives to gasoline, its chairman said Saturday.

7/1/07 (NewKarala.com) Mumbai - Solvent Extractors Association of India (SEAI) has asked the government to maintain a status quo on the vegetable oil duty structure to ensure better profitability to farmers.

4/1/07 LONDON (AFP) - World oil prices have climbed slightly, trading above 58 dollars before publication of official data on the level of US energy stockpiles and after plunging to six-week lows a day earlier.

6/1/07 (Bloomberg) -- Pioneer Bio Industries Corp., a Malaysian biotechnology company, will spend 1.4 billion ringgit ($400 million) to build an ethanol plant in northern Perak state that will extract the fuel from the nipah palm tree.

2/1/07 New Delhi, (Newkarala.com) - The government has cut the import duty on crude and refined edible oil from the six neighbouring countries in South Asia.

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.