Archived News

09/08/05 NEW DELHI, (Asia Pulse) - Indonesia, the world's second largestpalm oil producer, is likely to export about two million tonnes of thecommodity to India this year, 11 per cent more than the 1.8 million tonneit shipped last year."We are expecting that exports to India this year will be about twomillion tonnes as compared to 1.8 million tonnes last year," Derom Bangun,chairman of Indonesian Palm Oil Producers Association, said on thesidelines of the India-Indonesia Joint Business Council meeting here.

06/08/05 KUALA LUMPUR, (Bernama) -- Malaysian companies need to maintaintheir leadership in the palm oil industry in view of increasingcompetition, especially in terms of their profitability and production,says John K. Kuruvilla, managing director of OILPALMWORLD, an e-commercewebsite dedicated to the palm oil industry.

09/08/05 (The Edge Daily) - Malaysia, the world's largest producer ofpalm oil, plans to cut diesel imports by 500,000 tonnes a year with a planto produce bio-diesel using a mix of palm oil and diesel, an industryofficial said on Aug 9.

08/08/05 KUALA LUMPUR, (Bernama) -- Palm oil, a dark yellowish to reddishoil from the fruit of the Elaeis guineensis palm, has benefited countrieslike Malaysia because of its multi-fold economic spin-offs.

09/08/05 KUALA LUMPUR, (Bernama) -- MSC-status company, Oilpalmworld SdnBhd, hopes to have 1,000 or more companies registering for itselectronic-Marketplace (e-Marketplace) trading solution by year end, whichis the first comprehensive virtual marketplace for the palm oil and palmoil-related industries.

10/08/05 HAMBURG (Reuters): Palm oil is likely to increase its share ofthe global edible oil market in 2005/06 while the overall market is likelyto remain in surplus, Hamburg-based newsletter Oil World forecasts.

09/08/05 (The Edge Daily) - All palm oil trade will soon be conducted inreal time online, a move which will save the oil palm plantation industryup to RM1.57 billion annually, said Oilpalmworld Sdn Bhd managing directorJohn Kuruvilla.

09/08/05 KUALA LUMPUR,(Bernama) -- Deputy Prime Minister, Datuk Seri NajibTun Razak is confident that the plantation commodities will continue tospearhead the development of the agriculture sector in Malaysia in futureand to provide an important source of revenue to the country.

10/08/05 WASHINGTON (Reuters): The highly contagious soyabean rustdisease spread to another county in Alabama and may have crept intoMissouri, state and federal officials said on Tuesday.

09/08/05 ROME (Reuters): The war in Iraq destroyed the country's seedindustry, putting the country's domestic food supply at risk, the UnitedNations food agency said on Monday as it appealed for aid to rebuildfarming. The Food and Agriculture Organisation said it needed $5.4 millionto help the agriculture ministry rebuild a seed industry destroyed by thefighting and looting.

10/08/05 (Herald Tribune) - Palm oil futures are forecast to rise asmuch as 19 percent in the next 12 months, as India and China buy morecooking oil and record petroleum prices bolster demand in Europe forsubstitute fuels, according to analysts.

4/8/2005 PETALUMA, Calif.-- Spectrum Organic Products (OTCBB:SPOP), theproducer of Spectrum Naturals Organic Shortening, wants its customers andthe community to clearly understand the health benefits of high-quality,organic palm fruit oil and the sustainable agricultural practices employedby its supplier Daabon.