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Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm oil consumption forecast to increase
CPO Reference Price Falls 3.9 Percent in December 2025
Palm oil inventories to stay elevated next year
Biofuel and gold producers named and shamed
28/01/2011 (Swiss Info.ch) - Finnish biofuel specialist Neste Oil and the AngloGold/Ashanti mining company have been given Public Eye Awards in Davos for social and ecological irresponsibility.
Imported RBD palm oil to be sold in market next week
28/01/2011 (Mcot), Bangkok - Thirty-thousand tonnes of RBD refined palm oil (refined, bleached and deodorised) which the government ordered earlier were imported from Malaysia to be sold in the Thai market next week, according to the director-general of the Internal Trade Department.
Greening the world with palm oil?
26/01/2011 (Mongabay.com) - The commercial shows a typical office setting. A worker sits drearily at a desk, shredding papers and watching minutes tick by on the clock. When his break comes, he takes out a Nestle KitKat bar. As he tears into the package, the viewer, but not the office worker, notices something is amiss—what should be chocolate has been replaced by the dark hairy finger of an orangutan. With the jarring crunch of teeth breaking through bone, the worker bites into the “bar." Drops of blood fall on the keyboard and run down his face. His officemates stare, horrified. The advertisement cuts to a solitary tree standing amid a deforested landscape. A chainsaw whines. The message: Palm oil—an ingredient in many Nestle products—is killing orangutans by destroying their habitat, the rainforests of Borneo and Sumatra.
Palm Oil Demand Declines Ahead of Lunar New Year
26/01/2011 (Jakarta Globe) - Palm oil declined for a second straight day on expectations that export demand from China, the world’s biggest user of cooking oils, may slow ahead of next week’s Lunar New Year holiday after buyers completed purchases.
Palm oil giant Sime Darby ventures into Africa
26/01/2011 (AFP), Kuala Lumpur – Malaysia's Sime Darby, the world's largest listed palm oil producer, said Wednesday it will make its first foray into Africa, with plans to establish plantations in Liberia in April.
Growth in palm oil value aids producer
26/01/2011 (The Phnom Penh Post) - Mong Reththy Group’s palm oil exports nearly doubled in value in 2010, over the year previous, as the company plans to increase its plantations in the next 12 months.
More imports of palm oil likely
26/01/2011 (Bangkok Post) - The continuing palm cooking oil shortage makes it likely the government will allow additional imports of raw palm oil, Prime Minister Abhisit Vejjajiva said on Wednesday.
Mama warns of capacity cut, looks to neighbours
26/01/2011 (Bangkok Post) - Thai President Foods Plc, the manufacturer of Mama instant noodles, is threatening to reduce its production capacity by half next week due to the growing shortage of palm oil.
Industry calls for review as export tax rises to 25%
26/01/2011 (The Jakarta Post) - The Indonesian Palm Oil Producers Association (Gapki) called on the government to reduce the export tax imposed on crude palm oil (CPO), which is set to be increased to 25 percent next month.
