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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
Palm oil inventories to stay elevated next year
CPO Reference Price Falls 3.9 Percent in December 2025
Controversy swirls over use of Malaysian palm oil biodiesel in Hawaii
24/11/2010 (Biofuels Digest) - In Hawaii, controversy is brewing over the Hawaiian Electric Co. (HECO) and subsidiary Maui Electric Co.’s plans to import Malaysian palm oil to produce biodiesel for the state. Since the project was first announced in 2007, it has been met with opposition from environmental groups concerned about the lack of sustainability of the palm oil.
India To Increase Oil Palm Acreage- Agriculture Secretary
24/11/2010 (IIFL) - With 99% of India's annual palm oil requirement being met through imports, the government of India is actively considering to subject more of acreage under oil palm cultivation. This measure is expected to bring down India's palm oil import bill by a significant amount. Agriculture secretary of Indian agriculture ministry, P.K. Basu, chaired a recent meeting on oil palm cultivation on this account. Total annual edible oil imports of India have jumped to over 8 million tons. Of this 80% is palm oil.
La Nina rains keep hitting Malaysia oil palm region
24/11/2010 (Commodity Online), Kuala Lumpur - Heavier monsoon rains caused by La Nina phenomenon this year continued to hit Malaysia’s key oil palm region of Sabah, according to country’s weather office.
Palm Oil Climbs as Korea Clash Concerns Ease, Soybean Oil Rises
24/11/2010 (Bloomberg) - Palm oil futures climbed the most in more than two weeks after concerns eased about an escalation in clashes between South and North Korea, boosting commodity prices, and as soybean oil gained on dry South American weather.
Palm Oil Growers May Be Winners From UN Forest Protection Accord in Mexico
24/11/2010 (Bloomberg) - When United Nations climate negotiators meet next week in Mexico and debate protecting tropical rainforests, Golden Agri-Resources Ltd. and rival oil- palm growers in Southeast Asia will be paying attention.
Jotech rises on plan to buy palm firms
24/11/2010 (Business Times) - Jotech Holdings Bhd, a Malaysian precision tool maker, rose the most in nine days in Kuala Lumpur trading, after saying it will buy two palm oil companies to diversify into resources industries.
Centre looks into palm plantation scope in east
24/11/2010 (The Financial Express) - The government is actively considering to bring in more areas under oil palm cultivation within the country in the next few years to reduce the palm oil import bill. At present, almost 99% of the country's annual palm oil requirement is imported due to low local output.
British firms mostly support M’sian palm oil
24/11/2010 (The Star Online), London - Top British retailers and food manufacturers are mostly supportive of local palm oil but they want Malaysia to step up its promotional efforts and communication strategies to heighten the awareness among British end-consumers of the sustainable credentials of the commodity.
Vegetable-Oil Demand Rises Even as Prices Climb, Oil World Says
23/11/2010 (Bloomberg) - Global demand for eight vegetable oils including palm and soybean will exceed production for the first time in eight years in 2010-11, even with prices at a two- year high, Oil World said.
