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MARKET DEVELOPMENT  
  14-01-2009

Indonesia\'s consumer confidence down in Dec

14/01/2009 (Xinhua), Jakarta - Indonesia's consumer confidence index fell by 5.7 points to 90.06 in December, a survey of the central bank said at its website Wednesday.

MARKET DEVELOPMENT  
  14-01-2009

Edible oil import surges on fears of duty on crude palm oil

14/01/2009 (Indopia.in), New Delhi - India&aposs edible oil import more than doubled in December 2008 over the year-ago period, as traders are buying on a large scale on apprehension that the government may impose import duty on crude palm oil.

MARKET DEVELOPMENT  
  14-01-2009

SPECIES: Palm oil frenzy threatens to wipe out orangutans

13/01/2009 (North Country Times), Tanjung Puting National Park - Hoping to unravel the mysteries of human origin, anthropologist Louis Leakey sent three young women to Africa and Asia to study our closest relatives: It was chimpanzees for Jane Goodall, mountain gorillas for Dian Fossey and the elusive, solitary orangutans for Birute Mary Galdikas.

MARKET DEVELOPMENT  
  13-01-2009

Improper Practices Cost Country RM325 Mln Loss

13/01/2009 (Bernama), Bangi - Malaysia suffered a loss of RM325 million last year due to improper practices during the transportation of palm oil, said Minister of Plantation Industries and Commodities, Datuk Peter Chin Fah Kui.

MARKET DEVELOPMENT  
  13-01-2009

Indonesia Plans 60 pct Cut for Aid on Cooking Oil

13/01/2009 (Reuters), Jakarta - Indonesia will cut by a huge 60 percent the cash it gives poor families this year as aid to buy cooking oil, because of a fall in palm oil prices, Trade Minister Mari Pangestu said on Tuesday.

MARKET DEVELOPMENT  
  13-01-2009

Record exports, low production ease oil palm inventories

13/01/2008 (The Malaysian Insider), Kuala Lumpur - Malaysia's oil palm inventory eased to 1.995 million tonnes in December last year due to a combination of record exports and the low production season.

MARKET DEVELOPMENT  
  13-01-2009

Palm oil declines most in 2 months

13/01/2009 (Business Times) - PALM oil futures in Kuala Lumpur, the global benchmark, dropped the most in more than two months amid concern sales from Malaysia may slow after reaching a record in December.

MARKET DEVELOPMENT  
  07-01-2009

The Good and the Bad News of Palm Oil

06/01/2009 (Examiner.com) - Palm oil is used as a common ingredient in many foods such as cookies and microwave popcorns. It is also used for the making of cosmetics such as lipsticks as well. It is placed in some forms of soaps and one big positive of this oil is that it can be used as a Biofuel and is a great alternative to fossil fuels that we depend on so much.

MARKET DEVELOPMENT  
  07-01-2009

November exports may decline by 7.3%

06/01/2009 (The Star Online), Petaling Jaya - Malaysia’s exports in November are expected to show a decline of 7.3% year-on-year to about RM50.5bil due to the sharp economic slowdown in the developed countries and weak demand for electrical and electronic (E&E) products.

MARKET DEVELOPMENT  
  07-01-2009

Palm set for worst annual fall since 1996

31/12/2008 (Business Times) - PALM oil futures headed for the worst annual drop since at least 1996, falling for the first time in four years, as stockpiles gained to an all-time high.

MARKET DEVELOPMENT  
  07-01-2009

Gaza conflict drives oil price above US$48 a barrel

07/01/2009 (The Star Online), Petaling Jaya - Crude oil held steady at a near five-week high above US$48 a barrel during Asian trading hours yesterday, driven by the escalation of conflict in Gaza and signs of greater compliance with Opec’s target of a 9% production cut announced last month.

MARKET DEVELOPMENT  
  06-01-2009

Sime Darby to Build Palm Oil Plant in Rizhao

06/01/2009 (Trading Markets) - Malaysia-based Sime Darby Berhad, the world's largest listed palm oil producer, will start building a 3-million-ton palm oil plant with a total investment of USD 500 million in Rizhao City, Shandong Province, North China, late January 2009, said an official from the Rizhao government.