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AI boom is turning Malaysia’s palm oil estates into data centres
CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm oil consumption forecast to increase
Palm Oil Drops as Intertek Says Exports Fall at Start of June
15/06/2009 (Commodity Blog) - Palm oil futures fell after data showed that exports from Malaysia, the second-largest producer, dropped in the first half of this month as supply picked up.
Associated Press' impartiality on palm oil questioned
13/06/2009 (Deforestation Watch) - The Associated Press (AP), the American news agency formed in 1846 has had a checkered history filing reports ranging from The Alamo to the Battle of Little Big Horn, to Nazi Germany’s surrender to the 9/11 attack on the Twin Towers in New York City.
Humans Intrude on an Indonesian Park
13/06/2009 (The New York Times), Indonesia - Countless houses and shops built by squatters flank the 40-mile, two-lane road slicing through this national park that, once rich with orangutans and lowland rain forest, now symbolizes Indonesia’s struggle to protect its rare wildlife.
Palm oil importers reassured
13/06/2009 (The Star Online), Petaling Jaya - The Malaysian Palm Oil Board (MPOB) has assured importers of palm oil from Malaysia that only the highest quality palm oil is being exported.
Biodiesel adds 5.4% to RPC sales
13/06/2009 (Bangkok Post) - SET-listed Rayong Purifier Plc (RPC) expects its new biodiesel operation to lift its sales this year by 5.4% to 23.2 billion baht, up from 22 billion last year.
Palm-Oil Firm Postpones Bond Issue on Regulatory Concerns
12/06/2009 (The Jakarta Globe) - Palm oil producer PT Gozco Plantation has delayed an Rp 500 billion ($49.5 million) bond issue amid regulatory concerns over the size of the transaction in relation to the company’s revenue and total capital, an executive said.
Palm oil stocks rise on higher production
11/06/2009 (The Star Online), Petaling Jaya - Malaysia’s palm oil inventory at end-May rose 5.72% to 1.37 million tonnes from a 22-month low of 1.29 million tonnes in April, mainly due to higher production.
Red palm oil does keep the doctor away
11/06/2009 (NST Online), Kuala Lumpur - We like to think that all fats are bad. But Carotino Sdn Bhd executive director U.R. Unnithan will tell you that a tablespoon of red palm oil a day helps keep the doctor away.
Greenpeace: biodiesel demand has varied impact on tropical deforestation
11/06/2009 (Biodiesel Magazine) - In July 2006, after Greenpeace International authored a report claiming that soya farming was the leading driver of Amazon deforestation, ADM, Cargill and other members of Brazil’s vegetable oil and grain exporting industries “agreed to a voluntary moratorium on trading soy harvested from newly deforested areas in the Amazon biome for a period of two years,†said Bunge Ltd. in a company statement. “The intent was to relieve pressure on the Amazon biome, so work could be undertaken by government, industry, farmers and environmental groups to ensure its long-term protection.†The moratorium is scheduled to end in July after the original agreement was extended last year.
