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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
CPO futures end mostly higher on soybean oil gains
Global Palm Oil Industry Meeting Next Month
25/02/2011 (thenews.com) - Food price inflation and recovering Southeast Asian palm oil output will take centre stage at the industry’s largest event - the Bursa Malaysia’s annual Palm and Lauric Oils Conference & Exhibition.
Thailand Diverts Oil Meant for Biofuel
28/02/2011 (Biofuel-News) - In Thailand, the world's third-largest producer of palm oil, the Energy Ministry is to hold 5,000 tonnes of crude palm oil (CPO) for use of cooking oil, as the country's government works to address the shortage of domestic palm oil.
Lower Indian Import May Hit vegoil Prices
28/02/2011 (The Financial Express) - India will process 12% more domestic oilseed crops into cooking oil this year,trimming imports of edible oil by up to 5% in the first such slowing in five years, easing global prices and blunting food-driven inflation.
Sri Lanka: Retail Rally Continues
28/02/2011 (Asiantribune.com) - Acuity Stockbrokers Research Ltd in their market review indicated that the All Share Price Index ( ASPI) gained 39.13 points or 0.51% during the week’s trading to close at 7711.62, while Milanka Price Index ( MPI) lost 72.81 points, amounting to 1.01% to close the week at 7242.16.
Sime Darby Eyes Palm Oil Expansion in Africa
28/02/2011 (Financial Times) - Sime Darby, the world’s biggest listed palm oil producer, is considering plans for a 300,000 hectare plantation in Cameroon as the industry rushes to expand in Africa in response to rising demand and near-record prices.
India : Import Duty Cuts on Budget Agenda
28/02/2011 (The Telegraph) - Finance minister Pranab Mukherjee is expected to announce a slew of import duty cuts in Union Budget 2011-12 to fulfil the commitments in India’s free-trade agreements (FTAs).
Govt Makes Headway on Bio-Fuels
28/02/2011 (East African Business Week) - With Uganda expected to start oil production soon, strong progress is being done in the field of bio-fuels to supplement on the available oil and energy in the country.
Plantation Firms in Sarawak to Pay More to Recruit New Indonesian Workers
25/02/2011 (The Star Online) - Plantation companies in Sarawak will have to pay about 15% more in wages to recruit new Indonesian workers soon.
Market Down as Lower CPO Prices Hit Plantation Stocks
25/02/2011 (The Star Online) - The FTSE Bursa Malaysia KLCI (FBM KLCI) fell below the crucial 1,500 level yesterday, mainly dragged down by plantation stocks amid external uncertainties.
