Archived News

25/2/06 (Business Times) -- CHINA, the world's largest consumer of vegetable oils, may import 14 per cent more palm oil this year to meet demand for processed foods, LMC International, a London-based researcher says.

2/3/06 HAMBURG (Reuters) - Wed: A below-average increase in global palm oil production, with strong consumption, is likely to raise prices in the near future, Hamburg-based oilseeds analysts Oil World said on Tuesday.

26/2/06 KUALA LUMPUR (AFP) - Malaysia will likely lose its long-held status as the world's top palm oil producer to Indonesia within the next two years, according to a leading industry figure.

25/2/06 KUALA LUMPUR (Bernama) -- Overseas markets for palm oil and palm-based products have been developing well and this has prompted the Malaysian Palm Oil Promotion Council (MPOPC) to put in a new wave of promotional efforts.

23/2/06 KUALA LUMPUR - Dreams of powering automobiles and energy plants have propelled palm oil prices to a near one year-high before a key industry conference this week in top producing country Malaysia.

24/2/06 KUALA LUMPUR (Bernama) -- Palm oil could see a boom market later this year and the next spurred by a possible hike in crude oil prices and the fall of the US dollar to 1.05 euro, says the director of Godrej International Ltd, Dorab Mistry.

23/2/06 KUALA LUMPUR (Bernama) -- Malaysia's palm oil output is expected to be lower for the first half of 2006 compared to the same period in 2005, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said Thursday.

23/2/06 KUALA LUMPUR (Bernama) -- The price of palm oil should reflect its true value given its diversification, nutritional and functionality content, rather than be under-quoted as mostly determined by big importers.

23/2/06 JAKARTA (Asia Pulse) - The price of crude palm oil (CPO) is predicted to rise this year with expected increase in demands from China and India and growing requirement to be processed in alternative fuel.

23/2/06 (Reuters) - Malaysia's palm oil exports in 2006 are likely to remain unchanged from last year, Deputy Plantation Industries and Commodities Minister Datuk Anifah Aman said on Feb 23

26/02/2006 (ABC Asia Pacific) - A leading figure in Malaysia's palm oil industry says the country is likely to lose its long-held status as the world's top palm oil producer to Indonesia within the next two years.

23/2/06 (Business Times) - THE use of rapeseed oil as a source of biofuel, as practised in Europe, is not a sustainable solution, Roundtable on Sustainable Palm Oil (RSPO) honorary member M.R. Chandran says.