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CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
BURSA MALAYSIA: KL Shares Finish Lower
10/01/2013 (Bernama) - Share prices on Bursa Malaysia closed lower today amid the lack of fresh leads and some mild profit taking following the recent gains, dealers said.
Rising Costs Worry Oil Palm Planters
10/01/2012 (Business Times) - The minimum wage law, which took effect on January 1, is meant to incentivise corporate Malaysia to be less reliant on cheap labour. However, the Malayan Agricultural Producers Association tells Ooi Tee Ching that planters could suffer profit erosion while consumers would face higher food bills if palm oil prices were to fall below RM2,000 a tonne.
Can Vegetable Oils Bolster Crude in 2013
10/01/2013 (Oil Voice) - As we know, petroleum stockpiles are high but volatile: a January 4 report from Moody\'s Analytics said that US crude oil inventories fell by 11.1 million barrels for the week ending December 28, obliterating the consensus expectation of a 1.1 million-barrel decline. Conversely, gasoline inventories rose by 2.6 million barrels, slightly above consensus expectations of a 2.2 million-barrel build, and distillate inventories rose even more (by 4.6 million barrels), far surpassing the consensus expectation of a 1.3 million-barrel increase. Overall US oil demand on this basis inched higher by about 35 000 barrels per day (a fraction of 1% of total consumption) for a 12-month growth of 3.1%, making certain that day traders would push prices higher going into New Year trading.
General Mills Focuses on Sustainability in Palm Oil
10/01/2013 (Justmeans) - General Mills is reinforcing its long-standing commitment to sustainable sourcing of palm oil. As a buyer of palm oil, the company is working hard to ensure that it does not accept any ingredients or packing materials that may be associated with deforestation.
Pakistan Seen Doubling Palm Oil Imports From Indonesia in Deal
09/01/2013 (Bloomberg) - Pakistan may double palm oil imports from Indonesia this year as Asia’s third-largest buyer lowers taxes under a free-trade agreement, an industry executive said.
Palm Oil Extends Decline as China Builds Record Port Inventories
09/01/2013 (Bloomberg) - Palm oil dropped to the lowest level in more than two weeks after a report that buyers in China, the largest consumer of cooking oil, built the biggest-ever stockpiles before the country tightened rules on imports.
Edible Oils Mixed in Dull Trading
09/01/2013 (Hindu Business Line) - Edible oil market witnessed dull trading and mixed trend on second day on lack of demand and bearish Malaysian palm oil futures. Improved arrivals of indigenous seeds for crushing pulled prices of cotton refined oil by Rs 3 and rapeseed oil by Rs 5.
Price Concerns Hit Plantation Stocks
09/01/2013 (The Star) - Plantation stocks fell as sentiment turned cautious, tracking the decline in crude palm oil (CPO) prices on concerns over demand.
Palm Oil Shipments From Indonesia May Reach Record on Production
09/01/2012 (Bloomberg) - Palm oil exports from Indonesia, the world’s largest producer, may climb about 10 percent to an all- time high this year as output gains to a record and sales of refined products increase, according to an industry group.
