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Palm oil consumption forecast to increase
CPO Reference Price Falls 3.9 Percent in December 2025
Palm oil inventories to stay elevated next year
Palm Oil Extends Slide as Stronger Ringgit, Rising Stocks Pressure Prices
P2.2-billion Smuggling Case Filed Against Palm oil Importer
18/03/2011 (Philippine Daily Inquirer) - A major importer of palm oil was slapped with a P2.2-billion smuggling suit that the Bureau of Customs filed Thursday in the justice department.
Palm Oil Goes Green
18/03/2011 (Baking Management) - Does the 2010 Dietary Guideline for Americans (DGA) policy on saturated fat affect the usage of palm oil in the US? In the past, the recommendations of the DGA have consistently encouraged Americans to reduce their intake of saturated fat at all costs. As a result, fats and oils that are considered ‘high’ in saturated fat, including palm oil, have been singled out as bad and should not be used in food. However the 2010 DGA has made a significant change in their recommendations. Reduction of saturated fat will only provide a health benefit if it is substituted by unsaturated fat. In fact replacing saturated fat with added sugar could actually increase risk of heart disease. Taking trans fat into account, saturated fat is quickly falling in the ranking of undesirable food ingredients. The 2010 DGA set the maximum recommended intake level for saturates at 10% of the diet, and indicated that the present intake level is 11%, already almost at the target level. Clearly saturated fat is no longer a major threat to public health.
Palmolein Oil Fall on Global Cues
18/03/2011 (Business Standard) - Palmolein oil prices fell by Rs 20 per quintal in thin trade in the oils and oilseeds market today, largely due to a weakening trend in overseas markets.
Mission NewEnergy and Felda Collaborate For ISCC Certified Biodiesel
18/03/2011 (Biofuels International) - Renewable energy firm Mission NewEnergy and palm oil producer Felda Global Group have entered into a long-term supply agreement to establish the first fully integrated ISCC (International Sustainability and Carbon Certification System) certified palm biodiesel supply and production chain in Asia.
Palm Oil Drops to Three-Month Low on Weak Demand, Supply Surge
17/03/2011 (Bloomberg) - Palm oil declined to the lowest level in more than three months on concern that global supply will increase and demand for commodities may weaken as Japan’s strongest temblor on record slows global economic recovery.
Crude Palm Oil Futures Fall Over 2% on Profit Booking
17/03/2011 (Business Standard) - Crude palm oil prices fell further by Rs 10.60 to Rs 507 per 10 kg in futures trade today on emergence of profit booking amid subdued spot demand.
Mission achieves ISCC certification, loses contract with Chevron
17/03/2011 (Biodiesel Magazine) - Australia-based Mission NewEnergy Ltd. has entered into a long-term supply agreement with Felda Global Group, a Malaysian palm oil producer. The two companies have established Asia’s first fully integrated International Sustainability & Carbon Certification System certified palm biodiesel supply and production chain.
The Impact of Commodity Price Shocks on Indonesia
17/03/2011 (The Jakarta Post) - It is often assumed that poor people in developing countries have been harmed by the increased price of commodities in international markets over recent years. However, a recently published report by the World Bank in Jakarta, entitled Boom, Bust and Up Again? Evolution, Drivers and Impact of Commodity Prices: Implications for Indonesia (available at www.go.worldbank.org/YY1OOD9UB0), reaches the opposite conclusion in the case of Indonesia.
Isa’s Appointment Will Not Hurt Felda’s Stock
17/03/2011 (The Star Online) - PRIME Minister Datuk Seri Najib Tun Razak has described allegations that the stock market was jittery with the appointment of Tan Sri Mohd Isa Abdul Samad as Felda chairman as “baseless and irrelevantâ€.
