Latest News

MARKET DEVELOPMENT
08-10-2010

MPOB awards incentive ahead of B5 mandate

08/10/2010 (Biofuels International) - The Malaysian Palm Oil Board (MPOB) has allocated RM1 million (â‚¬231,260) to Petronas, Shell, BHP, ExxonMobil and Chevron to set up infrastructure for B5 biodiesel blending facilities, ahead of the introduction of the mandate next year.

MARKET DEVELOPMENT
07-10-2010

Palm Oil Gains a Second Day as Equities, Commodities Rally

06/10/2010 (Bloomberg) - Palm oil climbed for a second day, mirroring a global stocks and commodities rally, on optimism that demand for the vegetable oil may increase as central banks take steps to spur economic growth and boost liquidity.

MARKET DEVELOPMENT
07-10-2010

Malaysia mulls cutting diesel subsidy to boost biofuel

06/10/2010 (AFP), Kuala Lumpur â€” Malaysia said on Monday it would consider cutting a diesel subsidy next year in a bid to make its biofuel industry more attractive after production of the alternative fuel virtually ground to a halt.

MARKET DEVELOPMENT
07-10-2010

Palm Oil Gains a Second Day as Equities, Commodities Rally

MARKET DEVELOPMENT
06-10-2010

ETP plan on oil palm lacks Sarawak input

06/10/2010 (The Star Online), Kuching - The eight core entry-point projects (EPPs) and four business opportunities planned to help the oil palm industry achieve an incremental gross national income under the Economic Transformation Programme (ETP) lacks input from Sarawak.

MARKET DEVELOPMENT
06-10-2010

Palm oil expected to hit RM3,600 in H1 next year

06/10/2010 (Business Times) - Palm oil prices can hit RM3,600 a tonne as soon as in the first half of next year, traders say, which would be their highest since 2008 as demand continues to be robust, while supply is hit by erratic weather.

MARKET DEVELOPMENT
06-10-2010

IOI Corp sees palm prices at RM3,000/tonne

04/10/2010 (Business Times) - Malaysiaâ€™s No.2 palm oil firm IOI Corp said today that palm oil prices are likely to hit RM3,000 (US$972.4) a tonne â€œvery soonâ€.

MARKET DEVELOPMENT
06-10-2010

Palm Oil Gains the Most in 11 Days on Speculation About Revived Shipments

05/10/2010 (Bloomberg) - Palm oil climbed the most in 11 days on speculation that shipments revived in September, potentially keeping stockpiles from rising above levels in August.

MARKET DEVELOPMENT
06-10-2010

Crude palm oil marginally higher on spot demand

05/10/2010 (PTI), New Delhi - Crude palm oil was trading marginally higher by Rs 2.40 to Rs 406.60 per 10 kg in futures market today, as speculators indulged in creating fresh positions on expectations of a rise in spot market demand.

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