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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
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€.
Soyabean Drops on Global Cues
17/03/2011 (Commodity Online) - NCDEX April soybean futures fell sharply in the morning hours due to weak overseas market. NCDEX April soyabean prices bounced back after touching a low of Rs 2292/quintal, prices surged sharply higher in NCDEX in tandem with overseas market and touched a high of Rs 2345/quintal and finally mmanged to close at Rs 2317.50 a quintal with a gain of Rs 8 a quintal as compared to previous day’s close of Rs 2309.50 a quintal. There is news that Brazil crop may damage due to two weeks continuous heavy rains.
Palm Oil Advances as Drop to Three-Month Low Attracts Buyers
16/03/2011 (Bloomberg) - Palm oil gained for the first time in four days as investors bought the commodity after the price tumbled to more than a three-month low on concern that the quake and tsunami in Japan may shrink demand for raw materials.
Japan Nuclear Crisis Triggers Massive Commodity Sell-off
16/03/2011 (The Hindu Business Line) - Japan's deepening nuclear crisis, triggered by the March 11 earthquake and tsunami, sent shock waves across the commodities market on Tuesday with prices of crude oil, gold, silver, copper and coffee crashing.
Soyabean Tumbles on Production Estimates
16/03/2011 (Commodity Online) - NCDEX April soyabean futures fell sharply due to weak overseas market as higher production estimates of Brazil amid favorable weather condition for crop. Higher production estimates of China’s soyabean coupled with inflationary concern may decline demand of global oilseeds. Higher production estimates of India’s Rabi oilseeds are also in favour of the bears.
The EU’s Conservative and Cautious Approach
16/03/2011 (The Jakarta Post) - Chairman of the European Union (EU) Delegation for Relations with the countries of Southeast Asia and ASEAN, Dr. Werner Langen, was visiting Indonesia from Feb. 21-25, 2011.
