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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
Palmolein Oil Remains Weak on Subdued Demand
14/05/2012 (Economic Times) - In restricted activity, palmolein oil prices declined by Rs 30 per quintal in wholesale oils and oilseeds market today due to subdued demand along with lower advices from Malaysia.
M7 Tech To Set Up Base in Hyderabad
14/05/2012 (Hindu Business Line) - Malaysia-based fuel additive maker M7 Technology plans to enter India with its palm oil-based additive product and has zeroed in on Hyderabad as its base for its Indian operations.
Palm Oil Drops by Most in Five Months as Malaysian Exports Fall
12/05/2012 (Bloomberg) - Palm oil declined by the most in almost five months, for a second weekly loss, after estimates showed that Malaysian exports fell and as concern Europe’s debt crisis may worsen damped demand for commodities.
VEGOILS-Palm Falls To 9-Week Low on Demand Concerns
12/05/2012 (Reuters) - Malaysian palm oil futures slipped to a 9-week low on Friday before ending more than 2 percent lower as political uncertainty in the euro zone and weak industrial production data in China weighed on the demand outlook for the edible oil.
Golden Agri Net Falls on Lower Palm-Oil Prices, Higher Costs
12/05/2012 (Bloomberg) - Golden Agri-Resources Ltd. (GGR), the world’s second-largest oil-palm planter, said first-quarter profit fell 30 percent as prices of the tropical oil used in food and fuel declined and fertilizer costs surged.
Mixed Views on Plantation Sector
12/05/2012 (The Star) - Analysts are mixed on the outlook of the local plantation sector but expect crude palm oil (CPO) price to rebound in the second quarter of this year on slower output growth and further downgrades in the South American soybean crops.
New Frontiers
12/05/2012 (The Star) - THE global expansion move by many oil palm plantation players in Malaysia is inevitable, particularly in sourcing new landbank and export markets, as the local industry needs to take advantage of the continued strong worldwide demand for palm oil on the back of a supply-constraint environment.
Ivory Coast\'s Sifca Looks To Central Africa
12/05/2012 (Reuters) - Ivory Coast agro-industry group Sifca is looking to set up rubber and palm oil plantations in central Africa to boost output and is also eyeing rice production at home, the company's chairman said on Friday.
Low Graded Palm Oil Sold As Soya Bean Oil in Bangladesh
12/05/2012 (Weeklyblitz) - Edible oil sellers in Bangladesh are largely cheating the customers by selling used Palm Oil as refined Soya Bean oil, which are imported from countries like Malaysia and Indonesia. Though used palm oil in harmful to human health, the racket of unscrupulous importers and bottlers of edible oil in Bangladesh are following the wrong practice of importing used palm oil as well as GMO palm oil in Bangladesh and selling it in the name of refined soya bean oil. Sources at Chittagong sea port customs told Weekly Blitz that during past 3 years, the total import volume of refined soya bean oil was only 91,000 metric tons, while import of palm oil, mostly from Malaysia and Indonesia was above 3 million tons. Bangladesh annually consumes approximately 2.4 million tons of edible oil, while more than sixty percent of the total requirement is imported from abroad.
