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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
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Selangor-based Sawit Raya invests in RM50mil palm oil refinery in Lahat Datu
30/07/2008 (NST Online) - SELANGOR-based Sawit Raya Oil (Sabah) Sdn Bhd will invest RM50 million in the construction of a palm oil refinery in the state-run Palm Oil Industrial Cluster in Lahad Datu.
Kim Loong bullish despite price downtrend
31/07/2008 (The Star Online), Petaling Jaya - Kim Loong Resources Bhd is optimistic that the current downtrend in crude palm oil (CPO) prices will not hurt its profit for the financial year ending Jan 31 (FY09).
Papuans to enjoy spoils of Indonesia’s oil palm boom, says govt
29/07/2008 (Radio New Zealand International) - Indonesia’s Department of Agriculture says its serious about ensuring Papuans have a fair share of the prosperity from oil palm development in the region.
Govt to supply subsidised palm oil at Rs 45/l to states
30/07/2008 (The Economic Times), Hyderabad - With elections just a winter away, the Centre has decided to supply 25 lakh tonne of palm oil at Rs 45 per litre to over a dozen states in the country. The market price of palm oil is around Rs 65 per litre at present. The Centre will have to fork out a subsidy of Rs 1,500 crore annually for this scheme.
CPO Prices Not Expected To Decline Drastically, Says Peter Chin
29/07/2008 (Bernama) - Crude palm oil prices are not expected to decline drastically as global demand for vegetable oils continues to exceed supply, Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui, said here Tuesday.
Palm oil climbs on stronger soyoil
29/07/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures rebounded on Monday, tracking soyoil’s rise, but further gains would likely depend on the strength of crude oil prices.
Palm oil industry donates RM1.75m
29/07/2008 (NST Online), PUTRAJAYA - Members of the palm oil industry have so far donated RM1.75 million to the victims of China's Sichuan Province earthquake which happened in May.
AP to supply palm oil at Rs 45 a litre
29/07/2008 (Business Standard) - Union agriculture minister Sharad Pawar on Monday launched the sale of palm oil at a subsidised rate of Rs 45 a litre in Andhra Pradesh through the public distribution system.
Centre launches palm oil distribution to ration card holders
29/07/2008 (The Hindu), Hyderabad - Food and Agriculture Minister Sharad Pawar on Monday launched the sale of palmolein oil through ration shops at subsidised rates.
