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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
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm oil declines most in 2 months
13/01/2009 (Business Times) - PALM oil futures in Kuala Lumpur, the global benchmark, dropped the most in more than two months amid concern sales from Malaysia may slow after reaching a record in December.
The Good and the Bad News of Palm Oil
06/01/2009 (Examiner.com) - Palm oil is used as a common ingredient in many foods such as cookies and microwave popcorns. It is also used for the making of cosmetics such as lipsticks as well. It is placed in some forms of soaps and one big positive of this oil is that it can be used as a Biofuel and is a great alternative to fossil fuels that we depend on so much.
November exports may decline by 7.3%
06/01/2009 (The Star Online), Petaling Jaya - Malaysia’s exports in November are expected to show a decline of 7.3% year-on-year to about RM50.5bil due to the sharp economic slowdown in the developed countries and weak demand for electrical and electronic (E&E) products.
Palm set for worst annual fall since 1996
31/12/2008 (Business Times) - PALM oil futures headed for the worst annual drop since at least 1996, falling for the first time in four years, as stockpiles gained to an all-time high.
Gaza conflict drives oil price above US$48 a barrel
07/01/2009 (The Star Online), Petaling Jaya - Crude oil held steady at a near five-week high above US$48 a barrel during Asian trading hours yesterday, driven by the escalation of conflict in Gaza and signs of greater compliance with Opec’s target of a 9% production cut announced last month.
Sime Darby to Build Palm Oil Plant in Rizhao
06/01/2009 (Trading Markets) - Malaysia-based Sime Darby Berhad, the world's largest listed palm oil producer, will start building a 3-million-ton palm oil plant with a total investment of USD 500 million in Rizhao City, Shandong Province, North China, late January 2009, said an official from the Rizhao government.
CPO price goes past RM1,800
06/01/2009 (The Star Online), Petaling Jaya - As crude oil price rose for the third consecutive trading day, hitting US$48.68 per barrel in New York yesterday, crude palm oil (CPO) also followed suit, shooting past RM1,800 per tonne
Local edible oil supply may be able to meet Jan-Mar demand
06/01/2008 (The Economic Times / India Times), Mumbai - Domestic supply of edible oils would be enough to ensure that demand is comfortably met during the first quarter of calendar year 2009. Good reports for mustard crop and imports will be sufficient to address the incremental demand that followed a decline in edible oil prices last year, according to industry experts.
Excess palm oil supply triggers distress sale
06/01/2008 (Business Standard) - Palm oil is being sold at Rs 1.50 a kg discount to the prevailing price in the benchmark Malaysian markets, thanks to an abundance of supply from Indonesia.
