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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
Crude Palm Oil Market Looking To Take Support At 562.5
20/07/2012 (Forex Pros) - The crude palm oil trading range for the day is 556.7-576.9. The market is looking to take support at 562.5, and a break below could see a test of 556.7. Resistance is likely to be seen at 572.6 and a move above could see prices testing 576.9. In yesterday's trading session crude palm oil touched the low of 561 after opening at 569.2, and finally settled at 568.3.
Scientists Discover New Oil Palm Pest Detector
20/07/2012 (Deutsche Welle) - Palm oil is highly versatile. It can be used in foods and as biodiesel. But microbial diseases are a threat. British researchers say they have a new way to detect the pest.
Zero Open Burning To Be Implemented In Sarawak
20/07/2012 (Bernama) - Sarawak is targeting to implement the zero open burning policy by 2020 as part of it strategy to protect and preserve the environment, especially in preventing the haze problem.
US Shareholders Push for Improved Sustainability Practices
20/07/2012 (Business 2 Community) - Investors are looking more at ‘long-term performance,’ says Ceres president
Global Cues Buoy Edible Oils
20/07/2012 (Hindu Business Line) - Edible oils bounced back on Thursday, tracking the sharp rise in Malaysian palm oil futures and a bullish US soya oil.
India Wants To Invest More in RI To Boost Trade
20/07/2012 (Jakarta Post) - India, one of Asia’s rising powerhouses, is aiming to boost its investment to US$25 billion in Indonesia in the foreseeable future, particularly in support of a previous trade agreement between the nations, newly appointed Indian Ambassador to Indonesia Gurjit Singh says.
VEGOILS-Palm Oil Hits 3-Week Low on Slow Exports, Higher Output
19/07/2012 (Reuters) - Malaysian crude palm oil futures slid to a near three-week low on Wednesday, as traders booked profits partly on weaker exports and better production outlook in Malaysia after a recent U.S. weather-fuelled rally.
Sustainable Certified Palm Oil Hits Grocery Shelves in Indonesia
19/07/2012 (Revmodo) - This week, grocery stores in Indonesia introduced the first palm oil to be certified in the country as sustainably grown. The cooking oil was launched at Carrefour, one of the world’s largest international retailers, and certified by the Roundtable on Sustainable Palm Oil.
Edible Oil Declines on Weak Demand
19/07/2012 (Hindu Business Line) - Edible oils prices declined on Wednesday, on absence of fresh local demand and tracking extendedloss in Malaysian palm oil futures. Formation of cloudy weather in producing centers increase pressure on indigenous oils while weaker exports and better palm oil production outlook in Malaysia weigh on imported edible oils. Moral was weak as there were more sellers and few buyers in the market said leading broker Mr. Dinesh Bhnushali of Riddhi broker.
