Berita Arkib

28/07/2011 (Bernama) - Malaysian Palm Oil Council's chief executive Tan Sri Datuk Dr Yusof Basiron has lashed out at the treatment of orang utans at the Melbourne Zoo here, describing it as deplorable and a disgrace.

28/07/2011 (Bloomberg) - Palm oil climbed for the second day on speculation that worsening soybean crop conditions in the U.S. may boost demand for the tropical oil.

28/07/2011 (Jakarta Globe) - Plantation companies including Astra Agro Lestari and BW Plantation reported a surge in first-half profits, suggesting other producers of crude palm oil are likely to meet or exceed analysts’ estimates.

28/07/2011 (Bloomberg) - Palm oil may slump to as low as 2,800 ringgit ($952) per metric ton in September as output jumps in Malaysia and Indonesia, the world’s two largest growers, according to Dorab Mistry, director of Godrej International Ltd.

28/07/2011 (Bloomberg) - Indonesia’s loan growth will probably surpass the central bank’s estimate this year as low interest rates help drive demand in Southeast Asia’s biggest economy, the nation’s largest lender said.

28/07/2011 (Radio Australia) - A Malaysian cabinet minister says Australia should reconsider its push to introduce palm oil labelling now that Malaysia's agreed to host 800 asylum seekers.

28/07/2011 (Moneycontrol.com) - Crude palm oil prices declined by 70 paise to Rs 485.30 per 10 kgs in futures trade today on emergence of profit-taking, driven by subdued demand in the spot markets.

28/07/2011 (Business Times) - Lion Forest Industries Bhd has proposed to acquire 9,995 hectares of \"economic land concession\" (ELC) in Preah Vihear, Cambodia, for US$3.9 million (RM11.77 million).

28/07/2011 (Mongabay.com) - Indonesia's forests were cleared at a rate of 1.5 million hectares per year between 2000 and 2009, reports a new satellite-based assessment by Forest Watch Indonesia (FWI), an NGO. Expansion of oil palm and wood-pulp plantations were the biggest drivers of deforestation, yet account for a declining share of the national economy.

27/07/2011 (Bernama) - Minister of Plantation Industries and Commodities, Tan Sri Bernard Dompok said support for the "Truth in Labelling - Palm Oil Bill" in Australia, is based on a series of clearly false and misleading statements by non-governmental environmental organisations.

27/07/2011 (Bloomberg) - Palm oil recovered from the biggest decline in two weeks on concern that deteriorating soybean crop conditions in the U.S. may boost the demand for the tropical commodity used in food and biofuels.

27/07/2011 (Business Standard) - Select edible oil prices rose by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on fresh buying by vanaspati millers, supported by a firming global trend.