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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
Indonesia Lowers Nov Crude Palm Oil, Cocoa Bean Export Taxes
24/10/2011 (Jakarta Globe) - The Indonesian government has lowered the crude palm oil (CPO) export tax for November to 15 percent, from 16.5 percent in the previous month due to declining global prices over the past month, a source at the industry ministry told Reuters on Friday.
Cross River Plans Palm Oil Refinery, to Employ 7,000 Workers
24/10/2011 (Vanguard) - Gov. Liyel Imoke of Cross River has announced plans by his administration to establish a palm oil refinery that will employ some 7,000 workers.
Malaysian Investors Urged to Expand Trade Agreement
24/10/2011 (The News International) - Malaysian investors have been urged to expand trade agreement with Pakistan beyond exporting palm oil and consider purchase of textile, rice, vegetable and fruits, an official said.
CPO Futures Set to See Range Trading
24/10/2011 (Business Times) - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see range trading next week with sentiment remaining cautious against a backdrop of surplus stock and slow demand.
China-Malaysia Trade Set to Reach $100b in Three Years
24/10/2011 (China Daily) - Trade between China and Malaysia is set to reach a new high of $100 billion by 2015.
Indonesia\'s Palm Oil Output to Rise Over 35 Percent
24/10/2011 (Business Recorder) - Palm oil output at Indonesia's Bakrie Sumatera will rise by more than 35 percent this year to 300,000 tonnes, Ambono Janurianto, chief executive at the planter, said on Thursday Earlier this year, the Bakrie Group's agricultural unit forecast 2011 output at 280,000 tonnes compared with 220,000/230,000 tonnes last year.
Godrej Consumer to Hike Soap Prices By 10 Pc By March 2013
24/10/2011 (Economic Times) - Godrej Consumer Products plans to raise soap prices by about 10 percent in the remaining months of the current fiscal on costly palm oil, its Chairman said on Friday.
Felda to Use 350,000ha Land in IPO
24/10/2011 (The Malaysian Insider) - Malaysia’s Federal Land Development Authority (Felda) will inject 350,000 hectares of plantation land into its commercial arm’s listing which will take place by mid-2012, its chief said today, in what is likely to be the country’s biggest IPO next year.
CPO Futures Close Firmer on Speculative Buying
24/10/2011 (Business Times) - Crude palm oil futures on Bursa Malaysia Derivatives closed firmer on speculative trade yesterday, a trader said.
