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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
India issues order to scrap crude soyoil import tax
25/03/2009 (Reuters), New Delhi - The Indian government has issued a formal order to abolish a 20 percent import tax on crude soyoil, a senior government official said on Wednesday.
Felda to start oil palm JV in Brazil
25/03/2009 (The Star Online), Kuala Lumpur - Felda Group, via a joint venture with Brazilian parties, will soon cultivate about 30,000ha to 100,000ha of oil palm in Manaus and Tefe near the Amazon River in Brazil.
European Barriers to American Biodiesel
24/03/2009 (The New York Times) - Amid persistent talk of global protectionism these days, with Mexico, Russia and India tightening up on imports for one reason or another, the energy sector appeared fairly immune from the barriers — until now.
Bidco to pay Shs70 million for defamation
25/03/2009 (Daily Monitor) - The High Court has ordered Bidco Uganda Limited, an edible oils manufacturer, to pay A.K. Oils, its competitor and subsidiary of Mukwano Group, Shs70 million worth of general and exemplary damages accruing from defamatory and libelous advertisements the former published against the latter in 2005.
Felda in oil palm project with Brazil partner
25/03/2009 (Business Times, Malaysia) - THE Federal Land Development Authority (Felda) and its Brazilian partner will embark on an oil palm cultivation project in Tefe this year, said Brazilian ambassador Sergio Arruda.
Palm Oil Falls on Expected Output Rise
24/03/2009 (Jakarta Globe Business) - Singapore. Palm oil in Malaysia dropped the most in almost two weeks amid expectations that output in Indonesia, the world’s biggest producer of the commodity, would be higher in the second half of the year compared with the first six months.
Trade Ministry Positive Exporters Will Meet Targets
24/03/2009 (Jakarta Globe Business) - The European Union is still an important market for Indonesian non-oil and gas commodities, despite shrinking demand and tougher requirements on quality and standards, an official at the Trade Ministry said.
Successful Use Of Biofuel Hampered By Transport, Processing Costs
24/03/2009 (Bernama), Kuala Lumpur - The main challenge facing the biofuel industry is transport and processing costs, said the Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui.
EU to import more palm oil for biofuels-Oil World
24/03/2009 (ForexProps.com), Hamburg - European Union imports of palm oil are currently increasing and could rise sharply this year largely because of demand for biofuel production, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
