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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
Mistry Stands By Palm-Oil Rally Forecast, Likes Wilmar
20/04/2012 (Bloomberg) - Palm oil may gain 15 percent by the end of June, according to Godrej International Ltd.’s Dorab Mistry, restating a yearlong call for a rally to 4,000 ringgit ($1,303) a metric ton after prices dipped.
VEGOILS-Palm Oil Edges Down on Cloudy Demand Outlook
19/04/2012 (Reuters) - Malaysian palm oil futures slipped on Wednesday as investors feared that the euro zone debt crisis could hurt demand for the edible oil, although losses were curbed as a successful Spanish debt sale helped ease some worries.
Palm Oil Drops on Speculation 13% Price Gain May Deter Buyers
19/04/2012 (Bloomberg) - Palm oil fell to the lowest level in more than two weeks on speculation that the 13 percent rally since the end of January will deter importers and on expectations that production may gain this month in Malaysia.
Research & Devt: Red Palm Oil, Our Health Elixir – Dr. Chukeze
19/04/2012 (Vanguard) - Many diseases hitherto unknown to our ancestors are becoming commonplace in Africa today as a result of change in lifestyle. Incidence of cancer, diabetes, hypertension etc., are on the rise. Westernisation has affected every area of the African life; from fashion to diet. Scientists are of the opinion that going back to our natural foods will help immensely.
Palm Oil Producers Keen To Invest in PH
19/04/2012 (Manila Standard Today) - The Malaysian Oil Palm Council has asked the Philippine government to accept more investors in oil palm cultivation.
MCKIP To Further Enhance Malaysia-China Bilateral Trade
19/04/2012 (Bernama) - The Malaysia-China Kuantan Industrial Park (MCKIP), expected to take off within the next six months, will enhance bilateral trade between the two countries.
Kalimantan Palm Plantations Threaten Last Pygmy Elephants
19/04/2012 (Jakarta Globe) - With no more than 80 Borneo pygmy elephants left in Indonesia, the massive clearing of forests to make way for palm oil plantations poses a major threat to the survival of the species, environmentalists warn.
Local, Global Futures Keep Edible Oils Bearish
19/04/2012 (Hindu Business Line) - Edible oils remained bearish on Wednesday, tracking sharp decline in Malaysian palmolein and domestic soya oil futures. Volume was need-based even as refiners and resellers lowered rates. Malaysian crude palm oil futures closed lower in cautious trade amid uncertainty over global economic growth. Traders said imported palmolein and soyabean oil declined by Rs 2-5 for 10 kg each, while groundnut oil, cottonseed refined oil, sunflower seed and rapeseed oil lost Rs 5 for 10 kg each on lack of demand. Resellers traded about 80-100 tonnes of palmolein.
CPO Price Drop Squeezes Astra Agro’s Revenues
19/04/2012 (Jakarta Post) - Indonesia’s largest listed palm oil producer PT Astra Agro Lestari (AALI), a member of the Astra Group conglomerate, suffered a decline in revenues in the first three months of this year compared with a year earlier on lower selling prices.
