Berita Arkib

18/03/2011 (Philippine Daily Inquirer) - A major importer of palm oil was slapped with a P2.2-billion smuggling suit that the Bureau of Customs filed Thursday in the justice department.

18/03/2011 (Baking Management) - Does the 2010 Dietary Guideline for Americans (DGA) policy on saturated fat affect the usage of palm oil in the US? In the past, the recommendations of the DGA have consistently encouraged Americans to reduce their intake of saturated fat at all costs. As a result, fats and oils that are considered ‘high’ in saturated fat, including palm oil, have been singled out as bad and should not be used in food. However the 2010 DGA has made a significant change in their recommendations. Reduction of saturated fat will only provide a health benefit if it is substituted by unsaturated fat. In fact replacing saturated fat with added sugar could actually increase risk of heart disease. Taking trans fat into account, saturated fat is quickly falling in the ranking of undesirable food ingredients. The 2010 DGA set the maximum recommended intake level for saturates at 10% of the diet, and indicated that the present intake level is 11%, already almost at the target level. Clearly saturated fat is no longer a major threat to public health.

18/03/2011 (Business Standard) - Palmolein oil prices fell by Rs 20 per quintal in thin trade in the oils and oilseeds market today, largely due to a weakening trend in overseas markets.

18/03/2011 (Biofuels International) - Renewable energy firm Mission NewEnergy and palm oil producer Felda Global Group have entered into a long-term supply agreement to establish the first fully integrated ISCC (International Sustainability and Carbon Certification System) certified palm biodiesel supply and production chain in Asia.

17/03/2011 (Bloomberg) - Palm oil declined to the lowest level in more than three months on concern that global supply will increase and demand for commodities may weaken as Japan’s strongest temblor on record slows global economic recovery.

17/03/2011 (Business Standard) - Crude palm oil prices fell further by Rs 10.60 to Rs 507 per 10 kg in futures trade today on emergence of profit booking amid subdued spot demand.

17/03/2011 (Biodiesel Magazine) - Australia-based Mission NewEnergy Ltd. has entered into a long-term supply agreement with Felda Global Group, a Malaysian palm oil producer. The two companies have established Asia’s first fully integrated International Sustainability & Carbon Certification System certified palm biodiesel supply and production chain.

17/03/2011 (The Jakarta Post) - It is often assumed that poor people in developing countries have been harmed by the increased price of commodities in international markets over recent years. However, a recently published report by the World Bank in Jakarta, entitled Boom, Bust and Up Again? Evolution, Drivers and Impact of Commodity Prices: Implications for Indonesia (available at www.go.worldbank.org/YY1OOD9UB0), reaches the opposite conclusion in the case of Indonesia.

17/03/2011 (The Star Online) - PRIME Minister Datuk Seri Najib Tun Razak has described allegations that the stock market was jittery with the appointment of Tan Sri Mohd Isa Abdul Samad as Felda chairman as “baseless and irrelevant”.

17/03/2011 (Commodity Online) - NCDEX April soybean futures fell sharply in the morning hours due to weak overseas market. NCDEX April soyabean prices bounced back after touching a low of Rs 2292/quintal, prices surged sharply higher in NCDEX in tandem with overseas market and touched a high of Rs 2345/quintal and finally mmanged to close at Rs 2317.50 a quintal with a gain of Rs 8 a quintal as compared to previous day’s close of Rs 2309.50 a quintal. There is news that Brazil crop may damage due to two weeks continuous heavy rains.

16/03/2011 (Bloomberg) - Palm oil gained for the first time in four days as investors bought the commodity after the price tumbled to more than a three-month low on concern that the quake and tsunami in Japan may shrink demand for raw materials.

16/03/2011 (The Hindu Business Line) - Japan's deepening nuclear crisis, triggered by the March 11 earthquake and tsunami, sent shock waves across the commodities market on Tuesday with prices of crude oil, gold, silver, copper and coffee crashing.