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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
Ghee, Oil Wholesale Prices Fall
22/09/2011 (Geo Television Network) - Owing to a fall in the international palm oil prices the price of 16 liter canister has reduced by Rs25 in Karachi wholesale market, Geo News reported.
616 Small Palm Waste Biorefineries Announced For Indonesia
22/09/2011 (Biofuels Digest) - In Indonesia, PT INKUD Exchange has signed an MOU with Malaysian company Lestari Pasifik Berhad to jointly develop 616 biorefineries in the two countries to process oil palm waste into ethanol during the next five years. The JV’s pilot project will be set up in Sumatra. Lestari Pasifik has a JV with Russian company Arter Group for the technology licensing, which led to the deal with Inkud.
Seedling Production
22/09/2011 (Manila Buletin) - In agribusiness, you have to be fast in spotting money-making opportunities. In good times and in bad, there are always money-making opportunities for the enterprising.
The Agricultural Transformation Action Plan
22/09/2011 (The Sun Daily) - The National Economic Management Team (EMT) recently announced plans for an agricultural programme that is expected to create 3.5 million jobs in four years. Tagged Agricultural Transformation Action Plan (ATAP), the initiative will focus on five crops – rice, cassava, sorghum, cocoa and cotton. Minister of Agriculture, Dr. Akinwunmi Adesina, told journalists in Abuja that the programme will inject N300 billion ($2 billion) additional income into the hands of Nigerian farmers, and N350 billion ($2.2 billion) into the economy through sufficiency in rice production.
Resurgent Sime Darby lifts KLCI
22/09/2011 (The Edge Malaysia) - The FBM KLCI bounced at the mid-day break on Wednesday, Sept 21, lifted by gains at select blue chips including a resurgent Sime Darby, in line with the gains at most key regional markets.
Unilever May Resume Buying Sinar Mas Palm Oil
22/09/2011 (Jakarta Globe) - Unilever Indonesia, the country’s largest listed consumer goods maker, may resume purchasing crude palm oil from Sinar Mas Agro Resources and Technology following an 18-month halt after the palm oil producer made improvements to abide by Unilever’s guidelines for responsible environmental practices.
RSPO Supports Dutch Industry Call To Abolish Palm Oil Import Duty
22/09/2011 (Bernama) - The Roundtable on Sustainable Palm Oil (RSPO) supported the Dutch oil and fats industry's call for the European Union to abolish the import duty on sustainable palm oil.
Sime Says Eastern and Oriental Acquisition May Boost Earnings
22/09/2011 (Bloomberg) - Sime Darby Bhd. (SIME), the world’s biggest publicly traded palm oil producer, said the acquisition of a 30 percent stake in Malaysian property developer Eastern and Oriental Bhd. may boost earnings.
Pelita Signs NCR Land Devt MoUs With Five Investors
22/09/2011 (Borneo Post) - In an effort to develop the native customary rights (NCR) lands in Sarawak, memoranda of understanding (MoUs) were signed between Pelita Holdings Sdn Bhd (Pelita) and five other major investors, to develop the lands into a new concept of oil palm plantations.
