|
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
Declining prices spell gloom
24/10/2008 (The Star Online), Kuala Lumpur - Falling oil and commodity prices sound like good news for the consumers but to the Government, it means a shortfall of billions of ringgit in revenue.
Vanaspati sector opposes move to hike vegoil import duty
24/10/2008 (The Hindu Business Line) - The debate within the country’s oils and fats industry over the desirability of continuing with a zero-duty regime for imported crude oils is heating up with a memorandum from the two New Delhi-based industry associations representing vanaspati (hydrogenated oil) to the Union Food and Agriculture Minister as also the Finance Minister urging not to make any change in the present duty structure.
Malaysian palm oil mills to drive Ronser’s growth
24/10/2008 (The Star Online), Damansara - Ronser Bio-Tech Sdn Bhd, a newly set up industrial waste treatment company, will focus on palm oil mills in Malaysia to drive growth.
Palm oil price reduced by Rs. 5
24/10/2008 (The Hindu), Chennai - The retail price of palm oil sold through fair price shops under the special public distribution system has been reduced from Rs. 40 a litre to Rs. 35.
Private Sector Help Needed To Tackle Declining Commodity Prices
23/10/2008 (Bernama), Putrajaya - The private sector's help is being sought to find solution for the declining commodity prices especially for rubber and crude palm oil.
Companies Sign Pledge Against Palm Oil\'s Expansion
24/10/2008 (Environmental Protection) Thirty-one food, cosmetic, and consumer goods companies – and one palm oil supplier – have signed a Rainforest Action Network (RAN) pledge to support a moratorium on the expansion of palm oil plantations into tropical forests, according to an Oct. 22 press release.
Indonesian Palm Oil Producers Ready To Use Biodiesel
23/10/2008 (Bernama), Jakarta - Most Indonesian palm oil producers are ready to utilise biodiesel fuel, to increase the use of crude palm oil, as the price of the commodity in the world market has dropped.
CPO price close to critical level
23/10/2008 (The Star Online), Petaling Jaya - The crude palm oil (CPO) price is nearing its critical level of RM1,500 per tonne, mirroring the dampening impact of the global economic slowdown on demand for major commodities.
India considering tax on vegetable oil imports
23/10/2008 (Daily Times), New Delhi - India is considering to tax vegetable oil imports to protect the domestic industry from a slump in prices and lift a ban on exports, the farm minister said on Wednesday.
