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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
PTT Buying Up Palm Oil Farms
28/05/2012 (Bangkok Post) - PTT Plc, Thailand's energy flagship, has been busy acquiring land in Myanmar and Cambodia for palm oil plantations as part of plans to amass 200,000 hectares (1.25 million rai) of plantation area within four years at a cost of US$1 billion.
New Mission To Boost Oil Palm and Seed Output
28/05/2012 (Business Standard) - The ministry of agriculture will float a separate mission to promote the production of oil palm and oil seeds in the new five-year Plan.
Felda Global Eyes Top 5 Spot
28/05/2012 (Business Times) - Felda Global Ventures Holdings Bhd aims to be among the world’s top five giants in upstream and downstream commodity businesses by 2020, doubling its revenue and profit in the next eight years.
VEGOILS-Palm Oil Ends Higher on Festival Demand
26/05/2012 (Reuters) - Malaysian palm oil futures edged up on Friday on rising exports ahead of the Muslim fasting month of Ramadan in July, although investors were still cautious on lingering fear over the euro zone debt crisis.
IOI Plans Palm Oil Refinery in Indonesia as Production Expands
26/05/2012 (Bloomberg) - IOI Corp. (IOI), Malaysia’s second-biggest palm oil producer by market value, plans to set up a refinery in Indonesia as it boosts output in the world’s biggest grower of the tropical oil used in food and fuel.
Palm Oil Climbs as 11% Fall in Prices This Month Lures Investors
26/05/2012 (Bloomberg) - Palm oil climbed, paring a fourth weekly loss, as an 11 percent decline in prices this month spurred investor demand and as exports from Malaysia, the second largest producer, increased.
Edible Oil Stockists Take Advantage of Weak $
26/05/2012 (Hindu Business Line) - The undercurrent in the edible oils market improved on Friday despite imported palmolein declining by Re 1 and groundnut oil by Rs 5/10 kg as demand eased. The extended weakness in the dollar against the rupee encouraged stockists to cover imported palmolien for forward delivery during the evening trade as Malaysian palm oil futures closed higher for the second consecutive day. Cotton refined oil rose by Rs 2, while soyabean refined, sunflower oil and rapeseed-mustard oil rule unchanged. A Mumbai-based broker said that stockists took advantage of the weakness in the dollar by buying palmolein for delivery up to June. In ready delivery, increase selling pressure in resales provided room to buyers to cover at lower rates. The volume, though, was thin in resale. About 2,200-2,300 tonnes of palmolein were traded during the day.
Palm Producers Suffer Price Drop After Government Imports More Palm
26/05/2012 (Pattaya Mail) - Palm oil producers have complained that since the government began importing palms to tackle the shortage, they have been suffering from price drop.
Tight Stocks, Ramadan Demand To Support CPO In Next 2 Months -IOI Executive
26/05/2012 (Fox Business) - Crude palm oil prices may rise from current levels and hover around MYR3,200 a metric ton over the next two months, buoyed by tight stocks and Ramadan demand, IOI Corp. group executive director Lee Yeow Chor said Friday.
