Berita Arkib

25/02/2013 (The Star) - While the first half of IOI Corp Bhd\'s financial year ending June 30, 2013 missed estimates by a tad, the company\'s second half is expected to be anchored by firmer crude palm oil (CPO) prices, its downstream operations and robust property sales, analysts said.

25/02/2013 (Borneo Post) - The US Dollar Index value strengthened last week after the Federal Open Mar­ket Committee minutes stated the old news of favouring stimulus termination sometime in 2013.

25/02/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives ended the week higher due to lesser than expected rains coverage in Argentina over the last weekend and the anticipation of better palm oil demand in the coming weeks.

25/02/2013 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives exchange ended lower on Friday as sluggish demand continued to be a concern to a market which is already bogged down by huge inventories. Inventory levels, which have hovered above the 2.5-million-tonne mark since October last year, finally edged down in January, but only marginally to 2.58 million tonnes. Seasonally, slowing output in Malaysia, the No. 2 producer of palm oil, is expected to help ease stockpiles in February but exports have been sluggish so far. Global markets too have been in a sluggish mode with doubts over the continuance of the quantitative easing in the US resulting in risk-aversion. Energy prices have also come down sharply on the back of it further pressuring the edible oil complex.

25/02/2013 (Care2.com) - A baby orangutan became the first resident of a new sanctuary in Western Borneo, just days after it was opened by International Animal Rescue. The orphan was found on the estate of a palm-oil plantation by a local villager.

23/02/2013 (Reuters) - Malaysian palm oil futures inched down in light trade on Friday, as lingering investor concern on the tropical oil\'s sluggish demand weighed on prices.

23/02/2013 (Bloomberg) - Palm oil advanced, poised for a weekly gain, on speculation that demand for the world’s most used cooking oil may increase after soybeans, crushed to make a competing product, rallied to a two-week high.

23/02/2013 (Mongabay.com) - Industrial oil palm plantations are spreading from Malaysia and Indonesia to the Congo raising fears about deforestation and social conflict.

23/02/2013 (The Economy News) - Half a million hectares of industrial oil palm expansion projects are getting underway in the Congo Basin rainforest, which will result in a fivefold increase in the area of active large-scale palm plantations in the region, according to Seeds of Destruction, a new report issued today by The Rainforest Foundation UK (RFUK).

23/02/2013 (Fox Business) - Wilmar International has taken a majority stake in a palm plantation venture in Indonesia’s Papua owned by Noble Group, giving the world’s biggest palm oil supplier a toehold in the province where it also hopes to grow sugar cane.

23/02/2013 (Calcutta Telegraph) - The Supreme Court on Friday sought response from the Centre and the Central Bureau of Investigation (CBI) on a plea by retired Indian Administrative Service (IAS) officer P J Thomas seeking quashing of the case against him in the over two decade-old palm oil import scam.

23/02/2013 (Bloomberg) - India, the largest cooking oil consumer after China, will probably increase taxes on imports to shield oilseed farmers from cheap palm supplies from Indonesia and Malaysia, according to a trade group. Futures declined.