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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
Indonesia\'s Move On Palm Oil Duty Could Affect CPO Price, Says MPOC
14/07/2012 (Bernama) - The restructuring of duty tax on palm oil in Indonesia could affect the price of crude palm oil (CPO), which is expected to range between RM3,000 and RM3,500 a tonne this year, says the Malaysian Palm Oil Council (MPOC).
Biopro: A Potential Green Energy Alternative?
14/07/2012 (Bernama) - The BioPro diesel derived from the palm oil effluent could well serve as another green energy alternative in the future.
About RM1 Bln Lost Annually Due To Uncollected Oil Palm FFBs
14/07/2012 (Borneo Post) - Shortage of workers in the oil palm plantations has caused a loss of some RM1 billion annually due to the failure to collect all oil palm fresh fruit bunches (FFB).
CPO Seen Stable At RM3,100 Level
14/07/2012 (The Star) - The price of crude palm oil (CPO) should be able to maintain at the RM3,100 level, according to Malaysian Palm Oil Council (MPOC) and Rabobank. On the other hand, CIMB Research’s forecast is RM2,970 for 2012. The price of CPO yesterday was RM3,065 a tonne.
KLK Plans Overseas Expansion
14/07/2012 (The Star) - WITH its chapter closed on Crabtree & Evelyn\'s (C&E) global business venture by the end of this month, Kuala Lumpur Kepong Bhd (KLK), a plantation giant, is now more driven to undertake new expansion and strategic acquisitions to strengthen its core plantations and downstream oleochemical businesses.
Vegetable Oil Imports Up By 24% From November\'11 To June\'12
14/07/2012 (Economic Times) - Import of vegetable oils (edible and non-edible) during the first eight months of current oil year (Nov,11-Oct,12) has shot up by 24.65%, according to the Solvent Extractors' Association of India. The overall import of vegetable oils during November 2011 to June 2012 is reported at 6,395,199 tons as compared to 5,130,224 tons in the corresponding period of the previous year.
Mixed Trend in Edible Oils
14/07/2012 (Hindu Business Line) - Edible oil market witnessed a mixed trend on Friday despite a rebound in Malaysian palm oil futures. Groundnut oil and cotton refined oil rose by Rs 5 and Rs 2 for 10 kg each, tracking firm reports from producing centres. Soya oil and rapeseed oil declined Rs 3 and Rs 5 each. Sunflower oil and palmolein rule steady.
FBM KLCI Likely Continue Uptrend Next Week
14/07/2012 (Bernama) - The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to continue its uptrend next week, lifted by external sentiments which will encourage investors to increase their risk appetite, dealers said.
VEGOILS-Palm Oil Ends Lower on U.S. Wet Weather Forecast
13/07/2012 (Reuters) - Malaysian crude palm oil futures tumbled on Thursday, as traders took profit, prompted partly by a forecast for rain over the weekend in the drought-hit, soy-producing U.S. Midwest that could ease concerns of tight oilseed supply.
