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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Sarawak Government Committed to Sustainable Development of Palm Oil Plantations
24/03/2011 (PR Newswire) - The State Government of Sarawak's Agricultural Policy prioritises sustainable management of biodiversity as part of its strategy for the growth of palm oil plantation. Sarawak has a total land mass of 12.4 million hectares, of which 70% is under forest cover and 14% is secondary forest. 13% of the land is used for agriculture and the remaining 3% compromise settlements and water bodies. Currently the state has allocated 700,000 hectares of peatlands for palm oil cultivation or approximately 6% of the state's total land area. Palm oil cultivation accommodates 39% of peatland and 3% of non-peat hillforests; in all, agriculture takes up 43% of Sarawak's total peatlands and 8% of non-peat forests.
Local Bourse Ends Lower on Monday
29/03/2011 (The Star) - The FBM KLCI ended the day lower by 1.30 points, or 0.09% at 1,514.25 on Monday, in line with the decline seen among key regional peers.
Indonesia Stocks: Ciputra Development, Garuda, Multistrada Arah
29/03/2011 (Bloomberg) : Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of the 4 p.m. Jakarta-time close.
Tropical Products: Demand Threatens Biodiversity
29/03/2011 (Radio Netherlands Worldwide) - All the Dutch farmland put together – almost 2.3 million hectares - or football fields if you prefer – would only just be enough to satisfy the country’s huge demand for tropical products. Luckily for the Dutch, products such as tropical wood, palm oil, and soya aren’t grown in the Netherlands – because their production is having a negative impact on local populations and biodiversity in places like Brazil, Indonesia, and Malaysia.
Ruchi, Godrej Plan More Oil Palm Plantations
29/03/2011 (Business Standard) - Edible oil producing companies such as Ruchi Soya and Godrej Agrovet are planning to expand their raw material sourcing base. The Rs 300 crore subsidy for developing oil palm plantations in the new Union budget has provided another impetus to producers in this regard.
Dairy Prices Expected To Rise
29/03/2011 (The Star) - The increases in dairy raw material prices may potentially drive up prices of dairy products if the high commodity bill continues.
Pak Palm Oil Import To Pick Up In April
28/03/2011 (The Nation) - Pakistan may import up to 150,000 tonnes of palm oil in April because of less carry over stock, but buying will slow down during the peak summer months of May and June, a top industry official said on Friday.
Palm Oil Declines For Fifth Day
28/03/2011 (Business Times) - Palm oil dropped for the fifth day on concerns that a decline in exports from Malaysia may boost stockpiles of cooking oil in the world’s second-biggest producer.
Palm oil Giants Target Africa In \'Land Grab\' Following Indonesia Deforestation Ban.
28/03/2011 (The Ecologist) - Indonesia's move to bring in a two-year moratorium on new palm oil plantations to protect its remaining rainforests has seen agribusiness giants like Sime Darby switch expansion plans to Cameroon, Ghana and Liberia.
