Archived News

9/1/06 JAKARTA, (Asia Pulse) - The Indonesian government has decided to raise the benchmark export prices of crude palm oil (CPO) and its derivatives to adjust to the prevailing prices in the international market.

8/1/06 Mumbai , (Business Line) - THE country's burgeoning vegetable oil industry is in a fix with none in the Government willing to lend a sympathetic ear to their genuine woes.

9/1/06 Nairobi (allafrica.com) - The Government, concerned at the high cost of fossil fuel, is promoting the use of alternative energy. A ministry of Energy official says a policy that will support local production of power alcohol and biodiesel using molasses and vegetable-based derivatives is in the pipeline.

6/1/06 Mumbai , (Business Line) - FORTNIGHTLY revision of tariff values on various imported vegetable oils has been going on for about six months now. A welcome and practical move, considering that the industry was continually howling against the protracted silence of the Union Government and claiming that tardy revision led to speculation in the market.

11/1/06 KUALA LUMPUR, (Bernama) -- Prime Minister Datuk Seri Abdullah Ahmad Badawi will be in Indonesia on Thursday and Friday for the annual Malaysian-Indonesia consultation with President Susilo Bambang Yudhoyono, a Wisma Putra statement said Tuesday.

5/1/06 OXFORD (Reuters) - Waste products make a better biofuel than traditional British crops such as rapeseed and grain because of the energy it takes to grow them, a former chairman of Shell Trading and Transport said on Thursday.

Dec. 26, 2005 - Jan 2, 2006 issue - In Malaysia and Indonesia, palm oil is viewed as the "wonder oil." It's easy to see why: Malaysia's production of the oil has doubled over the last 20 years, while Indonesia's has tripled.

4/1/06 (Financial Express) - Brazil, the world's second-biggest soybean producer and exporter, may harvest 20% more of the oilseed next year as more favourable weather promises to boost crop yields, a US agricultural attache said.

2/1/06 (Rednova) - Endangered orang-utans in Indonesian Borneo are suffering routine physical abuse when they stray into palm oil plantations, say wildlife groups and campaigners in the region. Poor migrant workers, often encouraged by the offer of extra pay from rainforest loggers, trap the animals and beat them to death.

2/1/06 Chennai (Business Line) - THE Union Government on Monday cut the tariff values on vegetable oils by $3-24 but the industry termed it as a "small reduction".

29/12/05 KUALA LUMPUR (Reuters) - Malaysian palm oil recovered early losses to settle firm by Thursday's midsession and dealers said they expected the market to end the year at above 1,400 ringgit in anticipation of a drawdown in stocks.

4/1/06 (The Jakarta Post, Jakarta) - Driven by high prices of global oil, metals and crude palm oil (CPO), Indonesia's exports in the period January-November 2005 rose by almost 19 percent, as compared to the same period a year earlier.