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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
India\'s PEC to Import 3,000-6,000 T of CPO
23.06/2012 (Reuters) - Indian state trading company PEC Ltd has tendered to import 3,000-6,000 tonnes of Indonesian or Malaysian crude palm oil (CPO) in early July at Haldia port in eastern India.
Activity at Karachi and Qasim Ports
23/06/2012 (Business Recorder) - The Karachi Port handled 61,524 tonnes of cargo including 43,877 tonnes of import, 17,647 tonnes of export cargo and 2,739 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Friday. A total number of 1,530 loaded containers including 767 loaded 20' containers and 763 loaded 40' containers are handled during the reported period.
VEGOILS-Palm Oil Ends Off 3-week High on Global Growth Fears
22/06/2012 (Reuters) - Malaysian crude palm oil futures edged lower on Thursday as traders booked profits from rallies earlier in the week, while sentiment also turned cautious on weak economic data and disappointing stimulus measures by the U.S. Federal Reserve.
Palm 0il’s Bull Run Halted; Soya, Sunflower Oil Gain
22/06/2012 (Hindu Business Line) - Palmolein’s rally came to a halt on Thursday, tracking weak closing of Malaysian palm oil futures. Other edible oils extended gains despite lower demand.
BLD Plans Oil Palm Expansion
22/06/2012 (The Star) - BLD Plantation Bhd, which has 25,100ha of oil palm estates representing 52% of the group\'s total land area, plans to develop the remaining landbank in five to seven years.
RSPO Certification For Smallholders
22/06/2012 (The Star) - The Roundtable on Sustainable Palm Oil (RSPO) grouping is putting in place a mechanism to channel a portion of its revenue towards the certification of oil palm estates owned by independent smallholders in key markets such as Indonesia, Thailand and West Africa.
Indonesia Forecast to be World Top Palm-Oil Producer Within next Decade
22/06/2012 (Shanghai Daily) - Indonesia is expected to remain dominant as the world's largest palm-oil producer within the next decade, on the back of its main rival Malaysia's land scarcity and aging plantations, the Jakarta Post quoting report said here on Thursday.
CPO Gains On Weather Concerns In US, Support 543.3
22/06/2012 (ForexPro) - CPO trading range for the day is 535.07-562.07. Market is looking to take support at 543.3, a break below could see a test of 534.9 and resistance is now likely to be seen at 556.8, a move above could see prices testing 561.9. In yesterday's trading session crude palm oil has touched the low of 540 after opening at 540, and finally settled at 551.7.
Malaysia\'s Felda Says Louis Dreyfus Inks Strategic Partnership
22/06/2012 (Reuters) - Commodities trading firm Louis Dreyfus has reached a final agreement with Malaysian palm oil company Felda Global Ventures Holding Bhd on the terms of a strategic partnership, Felda Global said on Friday.
