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CPO prices to consolidate at RM4,000 to RM4,300
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
MPOB Urged to Strictly Curb Oil Palm Fruit Theft
04/08/2012 (Daily Express) - The Malaysian Palm Oil Board (MPOB) has been urged to strictly enforce its regulations by instructing the Fruit Collection Centre (FCC) to reject the "unknown fruits", to curb fruit theft in oil palm estates and private lands occupied by illegal immigrants.
VEGOILS-Palm Edges Down on ECB, Posts 4th Straight Weekly Loss
04/08/2012 (Reuters) - Malaysian crude palm oil inched lower on Friday, posting a fourth straight weekly loss as investors remained cautious after the European Central Bank failed to come up with an immediate measure to tackle the euro zone's fiscal crisis.
Unilever Reaches Sustainable Palm Oil Goal Three Years Early
03/08/2012 (Triple Pundit) - Palm oil and its rising demand has been quite a controversial topic the past couple of decades due to its strong correlation to deforestation and poor history of regulation, especially in Malaysia and Indonesia, where 80 percent of the world’s supply is cultivated. In fact, the area of land used for palm oil cultivation has increased by 43 percent since the 1990s. Yet palm oil remains a staple for billions of people worldwide. Its uses are exceedingly diverse, ranging from food like margarine and ice cream to health products like shampoo and lotion. It’s not too surprising, then, that the palm oil industry is under tight scrutiny when it comes to sustainable practices and traceable supply chains.
Nigeria: FG Still Grants Rice, Palm Oil Waivers - Reps
03/08/2012 (AllAfrica.com) - The House of Representatives and the Federal Ministry of Finance are in disagreement over import waivers on rice and palm oil granted to some individuals from January to 2012 to May 2012, after the Minister of Finance announced the suspension of such waivers in September last year.
Refiners Seek CPO Quota Clarification
03/08/2012 (Business Times) - Local palm oil refiners are disappointed with the Plantation Industries and Commodities Ministry's rationale for the increase in the export quota of duty-free crude palm oil (CPO).
Veg Oil Refiners to Gain From Better Capacity Utilisation on Upward Tariff Revision
03/08/2012 (Business Standard) - The government’s decision to revise import tariffs on refined, bleached and deodorised (RBD) palmolein is set to change the fortunes of domestic vegetable (veg) oil processors, including Ruchi Soya Industries, Liberty Oil, Adani Wilmer and Cargill India.
Oil Palm Fibre Filled Liner Low Density Polythelene Developed
03/08/2012 (IBNLive.com) - Dr Shinoj Subramanian, programme coordinator, Krishi Vigyan Kendra of the ICAR in Ernakulam, Kerala, has developed and characterised a oil palm fibre filled liner low density polythelene biocomposite, which has been presented with the prestigious Jawaharlal Nehru award for the outstanding doctoral thesis research for the year 2011.
Activity at Karachi and Qasim Ports
03/08/2012 (Business Recorder) - The Karachi Port handled 115,447 tonnes of cargo comprising 87,284 tonnes of import cargo and 28,163 tonnes of export cargo including 2,714 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 87,284 tonnes comprised of 23,231 tonnes of containerised cargo; 7,053 tonnes of bulk cargo: 4,253 tonnes of DAP; 2,800 tonnes of coal and 57,000 tonnes of oil/liquid cargo.
Sri Lanka’s Carsons Hit By Falling Palm Oil Prices; Forex Losses
03/08/2012 (Lanka Business Online) – Sri Lanka’s Carson Cumberbatch PLC, with investments ranging from oil palms and beer to financial services, said falling palm oil prices and exchange rate losses have hurt its bottomline during the June quarter.
