Archived News

Performance of the Malaysian Palm Oil Industry, November, 2006

PADANG, Dec 11 (Bernama) -- Some Indonesian and Malaysian palm oil businessmen were reported to have reached an agreement to overcome problems which may hamper palm oil development in the world, Antara news agency reported Sunday.

CHICAGO, Dec 7 (Reuters) - The launch of crude palm oil futures on the Singapore-based electronic trading platform JADE has been delayed until early next year, the Chicago Board of Trade, a partner in the project, said on Thursday.

KUALA LUMPUR, Dec 7 (Reuters) - Malaysian palm-oil and property firm IOI Corp Bhd has agreed to buy two unlisted downstream palm-oil firms for 423 million ringgit ($120 million), IOI said on Thursday.

7/12/06 NUSA DUA, Indonesia (Reuters) - India's 2006-2007 (November-October) palm oil imports should be sharply higher than the previous year, boosted by an expected duty cut, Dorab Mistry, a leading palm oil analyst, said on Thursday.

8/12/06 (AFP)-- Indonesia is aiming to overtake Malaysia as the world's largest producer of palm oil by 2008, Vice President Jusuf Kalla said Dec. 7. "In 2008, our palm oil production should be number one," Kalla said. He said Indonesia was currently the second largest producer after Malaysia although it had a much larger area for plantations. The two countries account for 85% of world production.

4/12/06 KUALA LUMPUR, Malaysia (AP) -- Expansion of palm oil industry -- which many hope will provide the fuel of the future -- must be sustainable, environmentally-friendly and protect local communities, Malaysia's deputy prime minister said in a speech Tuesday.

5/12/06 (The Star) KUALA LUMPUR: The Government has launched a RM20mil Palm Oil Wildlife Conservation Fund to promote ideas and proposals to enhance biodiversity linked to palm oil production worldwide.

7/12/06 (The Edge News) - IOI Corporation Bhd is poised to emerge as the world's largest vegetable oil based fatty acid producer following its proposed acquisition of two palm oil refinery and oleochemical companies for RM423 million cash.

4/12/06 (Thew Star) KUCHING - The Assar Senari group is poised to become a major player in the bulk petroleum and palm oil industries in Sarawak following the opening of its industrial complex in Senari Monday.

22/11/06 (Soyatech.com) GENEVA - The WTO on Tuesday officially adopted a ruling that European countries broke international trade rules by stopping imports of genetically modified foods.

22/11/06 (Soyatech.com) WINNIPEG - The move by US and Canadian restaurant chains to transfat free vegetable oils in their cooking is expected to translate into solid demand for Canadian canola and canola oil in the years ahead, according to industry sources.