infoSAWIT News

MINNESOTA – Cargill is likely to invest US$1 billion in Indonesia during the next four to five years, the company’s CEO told reporters at an industry conference.

 LIMA – “Water Yes, Oil No”, said a banner at a march for climate in Lima, indicative of the life and death battles over natural resources for the indigenous people in Peruvian Amazon and other parts of the world. Large green banners unfurled all over the street as people marched to demand action of the government on climate change and not mere words.

KUCHING – Sarawak Chief Minister Tan Sri Adenan Satem has warned investors against encroaching onto state land and communal land to develop any sort of plantation prior to getting approval from the Sarawak Land and Survey Department.

JAKARTA – Crude palm oil (CPO) price in the early trade on Thursday (11/12/2014) in Malaysian Exchange is going declining. For February 2015 contract it is seen down 0.87% or lower by RM19/ton to RM2.156/ton.

KRABI – Running out of patience, agry residents in two villages in Krabi suffering from the release of rubber latex and palm oil refinery waste have put all their homes and land up for sale, accusing the state ignoring their plight.

SIERRA LEONE – The Chief of Staff in the Office of West African President, Mr. Saidu Conton Sesay made a conducted tour of the Addax Bioenergy site a few miles of the highway to Makeni to monitor and assess the activities and processes of the ethanol production company.

AMBON – The government keep support the using of biodiesel fuel, for this, Ambon choosen as the pilot project of first launching of biodiesel in VIII Eastern Region Maluku-Papua.

KUALA LUMPUR – Malaysian crude palm oil (CPO) production on November significantly declines by 7.52% to 1.75 million tons from 1.89 million tons in October. Thus as reported by Malaysian Palm Oil Board (MPOB), on Wednesday (10/12/2014).

BINTUHAN -  A palm oil farmer in Tanjung Kemuning District, kaur Regency, Bengkulu Province, Rudi, on Monday (08/12/2014) said the local price of palm oil fresh fruit bunches (FFB) is declining for a month.

SAMPIT – Agriculture and Forestry Agency of East Kotawaringin (Kotim) Regency stated, dozens of local palm oil companies aren’t finishing yet about the  boundary issue as mandated by Government Regulation (PP) No. 60 of 2012 on the release of the forest area.

NEW DELHI – Crude palm oil (CPO) price thinly up by 0.38% to Rs 423,70 /10 kg in futures trading on Wednesday (10/12/2014), as the speculators created new position, driven by the increasing in spot market.

PEKANBARU –In this few weeks palm oil farmers in Riau Province feel listless due to the sell price of their palm oil fresh fruit bunches (FFB) is going down.

PEKANBARU – From now, Riau Province is being intensively developing non-oil downstream business, that’s why local palm oil company expects that National Gas Company (NGC) supplies gas to Dumai immediately.

KUALA LUMPUR – Malaysian Palm Oil Board (MPOB) in its update releases, on Wednesday (10/12/2014), said in the end of November 2014 Malaysian palm oil stock recorded increases by 5.16% become 2.27 million tons fro m the last month were only 2.16 million tons.

JAKARTA – Directorate General of Agriculture (DAG) of Agriculture Ministry held a socialization workshop of Plantation Law No.39 of 2014, on Wednesday (10/12/2014).

LONDON – DekelOil Public Ltd said it had signed a supply deal with agro-industrial conglomerate Societe d’Investissement pour I’Agriculture (SIAT) to sell its crude palm oil.

BANGKOK – Southeast Asian stocks markets fell on Monday led by oil and gas stocks and palm plantation shares amid lower crude prices, sending the Malaysian index to its lowest in 15 months.

NEW DELHI – Crude palm oil prices rose by Rs 2.50 or 0.58% to Rs 430.50 per 10kg in futures trading today, largely in tandem with a firming trend at spot markets on good demand.

JAKARTA – General Directorate of National Exports Development (Dirjen PEN) Indonesian Trading Ministry together with Indonesian Embassy in Kairo facilitate trade and investment mission from Egypt in business meetings.

NEW DELHI – According to the Solvent Extractors Association of India (SEA), India’s imports of vegetable oils increased to around 11.82 million tons in CY2013-14 (November-October), which is up about 11.7% from around 10.68 million tons recorded in the previous year.