Latest News

MARKET DEVELOPMENT
31-07-2008

Selangor-based Sawit Raya invests in RM50mil palm oil refinery in Lahat Datu

30/07/2008 (NST Online) - SELANGOR-based Sawit Raya Oil (Sabah) Sdn Bhd will invest RM50 million in the construction of a palm oil refinery in the state-run Palm Oil Industrial Cluster in Lahad Datu.

MARKET DEVELOPMENT
31-07-2008

Kim Loong bullish despite price downtrend

31/07/2008 (The Star Online), Petaling Jaya - Kim Loong Resources Bhd is optimistic that the current downtrend in crude palm oil (CPO) prices will not hurt its profit for the financial year ending Jan 31 (FY09).

MARKET DEVELOPMENT
31-07-2008

Papuans to enjoy spoils of Indonesiaâ€™s oil palm boom, says govt

29/07/2008 (Radio New Zealand International) - Indonesiaâ€™s Department of Agriculture says its serious about ensuring Papuans have a fair share of the prosperity from oil palm development in the region.

MARKET DEVELOPMENT
31-07-2008

Govt to supply subsidised palm oil at Rs 45/l to states

30/07/2008 (The Economic Times), Hyderabad - With elections just a winter away, the Centre has decided to supply 25 lakh tonne of palm oil at Rs 45 per litre to over a dozen states in the country. The market price of palm oil is around Rs 65 per litre at present. The Centre will have to fork out a subsidy of Rs 1,500 crore annually for this scheme.

MARKET DEVELOPMENT
31-07-2008

CPO Prices Not Expected To Decline Drastically, Says Peter Chin

29/07/2008 (Bernama) - Crude palm oil prices are not expected to decline drastically as global demand for vegetable oils continues to exceed supply, Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui, said here Tuesday.

MARKET DEVELOPMENT
29-07-2008

Palm oil climbs on stronger soyoil

29/07/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures rebounded on Monday, tracking soyoilâ€™s rise, but further gains would likely depend on the strength of crude oil prices.

MARKET DEVELOPMENT
29-07-2008

Palm oil industry donates RM1.75m

29/07/2008 (NST Online), PUTRAJAYA - Members of the palm oil industry have so far donated RM1.75 million to the victims of China's Sichuan Province earthquake which happened in May.

MARKET DEVELOPMENT
29-07-2008

AP to supply palm oil at Rs 45 a litre

29/07/2008 (Business Standard) - Union agriculture minister Sharad Pawar on Monday launched the sale of palm oil at a subsidised rate of Rs 45 a litre in Andhra Pradesh through the public distribution system.

MARKET DEVELOPMENT
29-07-2008

Centre launches palm oil distribution to ration card holders

29/07/2008 (The Hindu), Hyderabad - Food and Agriculture Minister Sharad Pawar on Monday launched the sale of palmolein oil through ration shops at subsidised rates.

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