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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
Groups Say Palm Oil Production Threatens Rainforests, Wildlife
09/07/2012 (WTVR) - Even if you’ve never visited Malaysia or Indonesia, it’s likely that you’ve made contact with these countries through the chocolate bar you’ve just eaten or the soap you’ve just washed your hands with.
OSK Research Upgrades Plantation Sector To Overweight
09/07/2012 (The Star) - OSK Investment Research is upgrading the plantation sector to Overweight on expectation of palm oil price entering a new three-year price upcycle, fuelled by increasing probability of a drought-inducing El Nino weather phenomenon.
Cheap Cooking Oil Provided For Locals
09/07/2012The (Jakarta Post) - Hundreds of local people in the village of Candi Binangun in Sleman regency’s Pakem district, flocked to the pasar murah (low-priced market), jointly organized by the Indonesian Islamic University (UII) and PT Sinar Mas, to purchase palm oil sold at reduced prices on Sunday.
Price Hike To Neutralise Likely Ramazan Relief
09/07/2012 (DAWN.com) - While manufacturers and traders have increased the prices of all basic commodities over the recent months in the absence of an effective price checking mechanism and an efficient consumer rights body, huge discounts to be announced during Ramazan are not likely to provide the much needed relief to consumers
VEGOILS-Palm Ends Off 5-Week High, Demand Hopes Cap Losses
07/07/2012 (Reuters) - Malaysian crude palm oil futures eased from a fresh five-week high on Friday as some traders booked profits from an overbought market, although expectations of strong demand curbed losses.
Feeding India’s Demand
07/07/2012 (The Star) - India's growing consumption of palm oil products translates into higher imports from Malaysia. Demand for palm oil products in India the world's second largest vegetable oil consumer after China is driven by factors such as an expanding middle class, palm oil's relatively low prices, and stagnant domestic production levels of edible oils.
Price Hike On The Eve of Ramadan
07/07/2012 (Financial Express) - Prices are on the rise prior to Ramadan. Common people are suffering because of the rise in prices of 10 essential commodities. Gram now sells at Tk 90/95 per kg.
Fitters Group\'s Green Mill Makes Inroads Into Indonesia
07/07/2012 (The Star) - Fitters Group Bhd has secured a US$3.87mil (RM12.28mil) contract with PT United Kingdom Indonesia Plantations (UKINDO) for its green mill project.
Edible Oils Surge on Weak $, Monsoon
07/07/2012 (Hindu Business Line) - Barring groundnut oil that ruled steady, most edible oils extended gain on Friday. Weak and erratic monsoon pushed up indigenous oil prices higher, while price hike by domestic refineries tracking strong the dollar making import costlier, led imported palmolein and soya oil to increase by Rs 6 and Rs 8 each for 10 kg. Domestic market rose despite decline in Malaysian palm oil and domestic futures. The undercurrent remains firm on weather-driven cues, said sources.
