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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
Asian Plantations Expands to Meet Demands
29/12/2009 (Trans World News) - Palm oil leaders, Asian Plantations Limited, have begun following through on a deal with Jubilant Paradise Sdn Bhd to acquire its major shares and its wholly owned subsidiary, Incosetia Sdn Bhd (the “Jubilant Groupâ€), which owns a partly developed palm oil plantation totaling 5,850 hectares in Sarawak, Malaysia. When harvest begins on the property Asian Plantations will have officially reached their 2009 goal of doubling their nearly 5,000 hectare estate.
CPO down on reports of lower exports
30/12/2009 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures on Bursa Derivatives Exchange failed to sustain above RM2,600 per tonne yesterday as investors turned cautious over reports of lower palm oil exports in the first 25 days of December.
Palm oil rises on lower output expectations
29/12/2009 (Business Times, Malaysia) - PALM oil climbed for a third day on anticipation Malaysia’s palm oil output in December may be lower than the preceding month, preventing stockpiles from rising amid a slowdown in exports.
Oil palm players want biomass supply to harness renewable energy
29/12/2009 (The Star Online), Kota Kinabalu - Policies and incentives are needed for the harnessing of renewable energy from Malaysia’s massive oil palm industry.
India may buy more palm oil
28/12/2009 (The Star Online), Petaling Jaya - India, the world’s second-largest importer of edible oils, is expected to increase its palm oil imports in 2010 due to its growing middle-income population and mounting food inflation concerns.
Malaysia Palm Oil Board: India to overtake China as top palm oil importer
28/12/2009 (Commodity Online), Kuala Lumpur - India would likely take over China’s position as the world’s largest palm oil importer by late-2010, according to Malaysian Palm Oil Board.
Indonesia Defends Palm Plantations
28/12/2009 (Jakarta Globe) - Indonesian delegates on Wednesday night promoted the country’s palm oil industry as sustainable at the UN climate talks, in the wake of a recently-published Greenpeace report accusing Indonesia’s largest palm oil producer of deception and illegal practices.
More Perks Needed To Boost Renewable Energy Sector
28/12/2009 (Business Times) - Sabah produces over 30 per cent of the country's palm oil and should be able to generate renewable energy from the crop's waste, but initiatives to move into this direction must be policy driven.
Palm Oil Futures may advance 19% by March, 2010
26/12/2009 (Biz Early) - Darob Mistry the director of Godrej International, India’s largest importer of vegetable oils says that outlook for Palm Oil futures in 2010 looks bullish and it may rise by 19% percent during the first quarter end of 2010(March). He further added that the prices may move to $820 to $879 per metric ton.
