Latest News

MARKET DEVELOPMENT
20-08-2008

Envo Diesel Project Can Start If CPO Price Remains At Below RM3,000

19/08/2008 (Bernama), Kuala Lumpur - Usage of Envo diesel, a palm-based biofuel, can start this year if the crude palm oil price (CPO) remains at below RM3,000 a tonne, Deputy Minister of Plantation Industries and Commodities A. Kohilan Pillay said today.

MARKET DEVELOPMENT
19-08-2008

IOI shines with RM2.23bil profit

19/08/2008 (The Star Online), Petaling Jaya - IOI Corp Bhd posted an impressive 42% jump in pre-tax profit to RM856mil for its fourth quarter ended June 30 against RM602mil a year ago, backed by overall strong crude palm oil (CPO) prices, good earnings from the manufacturing of oleochemicals and property business.

MARKET DEVELOPMENT
19-08-2008

Importers defer payments as palm oil price falls

19/08/2008 (The Financial Express) - The unexpected slump in commodities prices seen over the last couple of weeks is having its fallout all across. The latest to join the bandwagon are edible oil traders from India who are re-negotiating and seeking deferment of some of the palm oil import contract with Malaysian sellers to ward off loses due to sudden fall.

MARKET DEVELOPMENT
19-08-2008

Victory - Indonesia\'s peat forest gains temporary protection

18/08/2008 (Greenpeace), Riau, Indonesia â€” In a rare piece of good news for Indonesia's forest, a regional governor has announced an interim ban on deforestation in Riau, one of the areas currently worst affected by rapid deforestation. The ban, especially if made permanent, is also good news for the climate.

MARKET DEVELOPMENT
19-08-2008

Palm Oil Producers M\'sia And Indonesia Can Offer New World Model On Sustainable Development

18/08/2008 (Bernama), Jakarta - Malaysia and Indonesia, being two major palm oil producers, are in a unique position to offer the world a new resource-based sustainable development model by 2025 with intensive R&D on palm oil and its derivatives, says an internationally renown expert on sustainable development.

MARKET DEVELOPMENT
19-08-2008

`Lower Price of Gas Used As Oleochem Feedstock\'

18/08/2008 (Red Orbit) - MALAYSIA may see its position as the world's leading oleochemical producer in terms of market share undermined by the high prices of natural gas, industry players say.

MARKET DEVELOPMENT
19-08-2008

Indonesia Says Palm Oil Demand Strong as Prices Fall

17/08/2008 (Bloomberg) - Indonesia, the world's biggest palm oil producer, expects demand for the vegetable oil to remain strong after prices of the commodity slumped in the past month, Trade Minister Mari Pangestu said.

MARKET DEVELOPMENT
19-08-2008

China and India cancel or renegotiate CPO deals

15/08/2008 (The Star Online), Singapore - Buyers from China and India, the worldâ€™s biggest vegetable oil importers, have cancelled or renegotiated around 800,000 tonnes of palm oil deals in the past few weeks as prices slump, dealers said yesterday.

MARKET DEVELOPMENT
19-08-2008

Market falls as palm oil prices decline

15/08/2008 (The Edge Daily), Kuala Lumpur - The local stock market fell sharply in thin volume on Friday, with the KLCI posted double-digit declines. A steep fall in certain key blue chips, notably Bumiputra-Commerce and plantation stocks dragged the benchmark index and broader market lower.

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