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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
VEGOILS-Market Factors to Watch May 23
23/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
KLK Sees Falling Palm Oil Price, Hedges Production For Protection
23/05/2017 (The Star) - Plantation firm Kuala Lumpur Kepong Bhd (KLK) says it has hedged a portion of its future production to protect profits against the falling price of crude palm oil (CPO).
Shipping Activity At Port Qasim
23/05/2017 (Pakistan Observer) - Six ships, M.V African Falcon, M.T Arcturus, M.T Wawasan Jade, M.V Good Hope Max, M.T Gas Chem Antarctic and M.T Maran Gas Asclepius scheduled to load/offload Cement, Condensate oil, Palm oil, Soya Bean, Chemicals and LNG were allotted berths at Multi Purpose Terminal, FOTCO Oil Terminal, Grain, Fertilizer Terminal, Engro Vopak Terminal and Engro Elengy Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Monday.
Sentiments in Edible Oil Firm
23/05/2017 (Hindu Business Line) - Sentiments in edible oils market remained firm on Monday tracking firm futures amid renew physical demand. Malaysian palm oil and Chicago soya oil showed firm tend lifting domestic soya oil futures higher. Local refineries have increased their rates in line with foreign markets.
Favourable Monsoon will Have Positive Impact For Firms Like Ruchi Soya Industries
23/05/2017 (Business Standard) - The India Meteorological Department (IMD's) recent prediction of favourable monsoon in India is likely to have a positive impact for companies in the agricultural sector like Ruchi Soya Industries Limited.
Planting Material Breakthrough Set to Increase Palm Oil Yields to the Highest Industry Levels
23/05/2017 (FoodIngredientsFirst) - PT SMART Tbk (SMART), a subsidiary of Golden-Agri Resources Ltd (GAR), have announced its breakthrough in cultivating exceptionally high-yielding oil palm planting material, developed in the company’s research centres, SMART Research Institute’s (SMARTRI) and SMART’s Biotechnology Centre, through an advanced biotechnology programme. These planting materials – Eka 1 and Eka 2 – are registered in Indonesia’s Catalogue of Seeds and were approved for cultivation on 21 April 2017 by the Directorate General of Plantation, Ministry of Agriculture.
New Seedlings Will See ‘Highest’ Palm Oil Yields in The Industry
23/05/2017 (Biofuels International Magazine) - A subsidiary of the world’s second largest palm oil plantation company has cultivated a new palm planting material allowing an increase of oil yields to the highest levels in the industry.
Palm Oil Futures May Rise
23/05/2017 (Hindu Business Line) - Malaysian palm oil futures rose to their highest in a week on Monday as strong export demand put the contract on track for a second straight session of gains. CPO active month August futures moved on expected lines.
Fats Producer Wilmar Cahaya Sets Conservative Targets
23/05/2017 (Jakarta Post) - Publicly listed specialty fats producer PT Wilmar Cahaya Indonesia (CEKA) is maintaining its conservative target in regard to the company’s revenues and profits, as uncertainty surrounding crude palm oil (CPO) continues in the world market.
