|
AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Edible oil prices rise again
17/04/2009 (The Daily Star) - The price of edible oil increased in the capital with its gradual rise in the international market since last month.
Vegetable oil imports in March up 28%
16/04/2009 (The Hindu Business Line), Chennai - Vegetable oil imports increased 28 per cent in March compared with the same period a year ago but the pace of the shipments in to the country slowed down compared with the previous three months.
Pakistan goes slow on palm oil buying: official
15/04/2009 (Pak Watan), Islamabad - Pakistan has made few purchases of palm oil this month after strong buying in the first quarter led to a glut, and buying is expected to remain slow at present prices, a top industry official said on Wednesday.
Onward With Oil Palm, but in Due Balance
15/04/2009 (The Jakarta Globe) - Over the last 40 years, global oil palm cultivation has increased exponentially, with 43 percent of the total cultivated oil palm crop currently produced in Indonesia. This inception of palm oil as a valuable commodity, particularly as biofuel, has dramatically accelerated deforestation in Borneo, with only a third of the original forest cover expected to remain by 2020. However, the country’s economic reliance on oil palm products and the present fragility of international markets make addressing this environmental crisis a rather sticky situation.
Cautious views on palm oil exports
15/04/20009 (The Star Online), Petaling Jaya - While exports of crude palm oil (CPO) have been unexpectedly strong in the first three months and so far in April, analysts remain wary of the sustainability of demand due to the unprecedented global recession.
Windfall taxes again for oil palm fompanies?
15/04/2009 (The Star Online), Petaling Jaya - Oil palm plantation companies in Peninsular Malaysia could start paying windfall taxes again in May and June should the average price of crude palm oil (CPO) touch RM2,500 per tonne this month.
PEC invites bids for import of 12,000 tonnes of palm oil
14/04/2009 (The Hindu), New Delhi - State-run trading firm PEC Ltd has invited bids for import of 12,000 tonnes of crude palm oil, to be delivered in May.
Workers: Gov’t failed to act on Vangunu oil palm
14/04/2009 (Solomon Star) - EMPLOYEES of the failed Vangunu Palm Oil project in Marovo say the government was aware of the problem at Merusu but failed to act in time.
Rising palm oil prices kindle interest in plantation stocks
14/04/2009 (The Malaysian Insider), Singapore – Rising global demand and a decline in inventories have pushed crude palm oil prices higher in a move that’s rekindled interest in plantation stocks.
