Archived News

5/7/05 (The Edge News) - Strong demand for crude palm oil (CPO) and surging crude oil prices saw the benchmark September delivery for CPO futures hitting the two-week high at RM1,487 per tonne and it is expected to cross the RM1,500 level.

05/07/2006 (Australian Broadcasting Corporation) - Work on the nation's biggest renewable fuel plant in Darwin is almost complete.

4/7/06 (The Jakarta Post, Jakarta) - The government is targeting a 10 percent reduction in the country's consumption of oil-based fuels by 2010 from the current level of 41 million kiloliters (kl) by promoting the production and use of bio-diesel.

18/6/06 (The Jakarta Post) - The rapid increase in global oil prices, which reached over US$70 per barrel recently because of the uncertainty in the Middle East, has prompted the government to turn to an alternative energy -- biofuel.

4/7/06 (The Edge News) - Plantation stocks lifted the market at midday sparked by the surge in crude palm oil futures prices led by the increase in demand from China and firmer soy prices in Chica

30/6/06 (New Kerala) - New Delhi: Government today increased the base import price for crude palm oil by four dollar to 424 dollar per tonne while lowered the base price for crude soyabean oil by 13 dollar to 529 dollar.

29/6/06 (Sun Star) - KORONADAL CITY -- The City Government here plans to develop new road networks leading to several upland villages to facilitate the ongoing expansion of oil palm plantations in the area.

3/7/06 KUALA LUMPUR, Malaysia (AP) -- Malaysia has suspended giving new licenses for biodiesel production projects amid concerns that an excess of projects could deprive the food market of palm oil, widely used in cooking, a report said Monday

2/7/06 (Reuters) - PARIS: Record high oil prices have propelled biofuels from niche player to the multi-billions dollar commodity mainstream, causing an explosion in new ventures and investor interest that has fired up global agricultural markets.

27/6/06 (The Star) - PUTRAJAYA: Malaysia's stagnating palm oil yields and oil extraction rate (OER) must be addressed immediately, said Malaysian Palm Oil Promotion Council chief executive officer Tan Sri Yusof Basiron.

26/6/06 KUALA LUMPUR, Malaysia (AP) -- The Malaysian government urged oil palm plantation companies Monday to plant rubber trees to capitalize on soaring rubber prices, which are currently trading at a 20-year high.

3/7/06 (Reuters) SINGAPORE - Wilmar Holdings Pte. Ltd. will build Indonesia's first biodiesel plant by 2007, though another plant planned in Singapore for this year has been put on hold, the company said on Friday.