Latest News

MARKET DEVELOPMENT
06-08-2008

Malaysia to use 500,000 t of palm oil for biofuel

05/08/2008 (Reuters), Kuala Lumpur - Malaysia plans to use 500,000 tonnes of crude palm oil from its swelling inventories in the next two to three months to produce biodiesel to boost faltering prices of the vegetable oil, Commodities Minister Peter Chin said on Tuesday.

MARKET DEVELOPMENT
06-08-2008

Malaysia, Indonesia To Use Palm Oil Surplus To Produce Biodiesel

04/08/2008 (Bernama), SUKABUMI (West Java) - Malaysia and Indonesia Monday agreed to use the surplus from their palm oil stockpiles to produce biodiesel as part of the mechanism to boost the palm oil price.

MARKET DEVELOPMENT
06-08-2008

New Britain Palm Oil to open UK refinery

04/08/2008 (Guardian.co.uk) - New Britain Palm Oil is opening a refinery in the UK which it claims will allow shoppers to know exactly where the palm oil in their shopping basket comes from.

MARKET DEVELOPMENT
04-08-2008

Food and trade

04/08/2007 (The Statesman) - The WTO meeting has failed after the USA reportedly got into a deadlock with India and China over import rules for farm products. Nevertheless, there seems to be a consensus among the participants that increased trade can help ensure the worldâ€™s food security.

MARKET DEVELOPMENT
04-08-2008

Biofuels: Strong Potential

04/08/2008 (Latin Business Chronicle) - The new federally-mandated Renewable Fuel Standard (RFS) calls for the United States to raise its annual biofuel production from 6.5 billion gallons per year (bgy) in 2007 to 36 bgy by the year 2022. This is a tremendous undertaking in terms of investment required, construction activity and infrastructure development. Corn ethanol alone will not suffice to reach that goal. In addition to corn ethanolâ€™s environmental and cost shortcomings, (...) it is widely accepted by the corn industry and the federal government that U.S. corn ethanol production will not exceed approximately 15 bgy in 2022.

MARKET DEVELOPMENT
04-08-2008

Indonesia wants Pakistan to cut palm oil duty

02/08/2008 (The News - International), Jakarta - Indonesia, the worldâ€™s top palm oil producer, will ask Pakistan to lower import tariffs for palm oil products to boost its palm oil exports, a senior government official said on Friday.

MARKET DEVELOPMENT
04-08-2008

Govt imports 2.60 lakh tn edible oil

02/08/2008 (The Financial Express) - Though its much-publicised cheap edible oil sale has already been launched, the central government has managed to import just around 2,60,000 tonne of edible oils till July, against a total requirement of 10 lakh tonne.

MARKET DEVELOPMENT
04-08-2008

Uganda: Palm Project Gives Kalangala Sh2 Billion Road Equipment

30/07/2008 (AllAfrica.com) - District leaders have rallied support for Government's palm oil tree-growing project. The district chairperson, Dan Kikola, said the palmoil project had contributed to development in the island district.

MARKET DEVELOPMENT
31-07-2008

Drop in palm oil prices prompts millers to stop buying commodity

31/07/2008 (The Star Online), Muar - The drop in palm oil prices for August has prompted several millers here to stop buying oil palm fruits from smallholders for two days.

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