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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%
Palm oil giant Sime Darby to build refinery in central Malaysia
17/07/2008 (Trading Markets.com), Kuala Lumpur - SIME DARBY BERHAD on Tuesday said it will build a new RM330 million (US$103.1 million) refinery in a bid to strengthen its position in the palm oil downstream business in South East Asia. Sime Darby's board of directors recently agreed to construct the North Port refinery complex in Port Klang, which is expected to be completed by mid 2010, president and group chief executive Dato' Seri Ahmad Zubir Murshid said in a statement.
Orang utans survive in forests within estates
17/07/2008 (Daily Express News), Kota Kinabalu - New findings by the Borneo Conservation Trust (BCT) show that Orang Utans are surviving in pockets of forest within the oil palm plantations in Sabah and that it is possible for the Orang Utans to travel and live within the plantations.
Veg oils shine as US takes up cudgels against trans fatty acids
17/07/2008 (The Economic Times), New Delhi - On July 1, New Yorkers achieved trans-fat nirvana. Last summer, New York city banned restaurants from serving food containing trans-fats. From this month, all bakeries, confectionaries and snack companies had to fall in line. Since the average American eats 4.7 lbs of trans-fats each year (says US FDA), this may cheer obese New Yorkers. But would it also impact what we pay for cooking oil? ET helps you join the dots between outlawed trans-fats and the global veg oil market.
Ahold to Start Using Sustainable Palm Oil in Own Store Label Products
16/07/2008 (Flexsnews) - Dutch retailer Royal Ahold N.V. plans to use sustainable palm oil for all own label products sold at its Dutch Albert Heijn supermarkets and Etos health and beauty care stores by 2015.
Sime Darby to invest RM330m in new refinery
16/07/2008 (The Edge Daily), Kuala Lumpur - Sime Darby Bhd is building a new RM330 million refinery in North Port, Port Klang to strengthen its position in the palm oil downstream business in Southeast Asia.
Sime Darby to build RM330mil palm oil refinery
16/07/2008 (The Star Online), Kuala lumpur - Sime Darby Bhd aims to strengthen its position in the palm oil downstream business in South-East Asia by building a new RM330mil refinery in Port Klang's North Port.
Windfall profit levy unlikely to hurt planters
16/07/2008 (The Star Online) - Analysts believe it will favour owners with estates in east Malaysia. The newly adjusted windfall profit levy imposed on oil palm plantation companies effective yesterday will not impact significantly their earnings forecasts.
Malaysia imposes windfall profit levy on palm oil plantations
15/07/2008 (Xinhua) - Malaysia began to impose a windfall profit levy, effective on Tuesday, on a total of 3,661 oil palm plantations in the country, but exempt smallholders.
Oilseed prices firm up as fears of output fall loom large
16/07/2008 (Times Economic Times), Mumbai - Prices of vegetable oilseeds — soyabean, mustard seed and castor seed — are moving up, tracking firm global trends and on fears of low oilseed acreage in Maharashtra, Gujarat and Andhra Pradesh. Soyabean moved up Rs 12 per quintal to Rs 2,754 in Indore spot market, mustard seed moved up Rs 30 a quintal to Rs 3,295 at Jaipur mandi and castor seed moved up to Rs 625 per 20 kg from Rs 612 the previous day in Gujarat mandi.
