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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
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.
Windfall Tax On Oil Palm To Involve 3,661 Plantations
15/07/2008 (Bernama), Putraya - A total of 3,661 oil palm plantations in the country will be paying a windfall profit levy effective today with the government's decision to exempt smallholders having less than 40 hectares of plantation land, from paying the tax.
UPDATE 1-Malaysia\'s Sime says to build $103 mln CPO refinery
15/07/2008 (Reuters, USA), Kuala Lumpur - Malaysian's top palm oil company Sime Darby will spend 330 million ringgit ($102.5 million) to build a refinery to process crude palm oil, its chief executive said on Tuesday.
Parliamentary select committee visits oil palm industries in Ashanti
15/07/2008 (Accra Daily Mail) - Mr Akenten Appiah-Menkah, Managing Director of Appiah-Menkah Apino Soap in Kumasi, has called for the establishment of a Palm Oil Development Board to handle issues on the industry.
Tax office intensifying tax collection
16/07/2008 (The Post Jakarta) - The tax office remains confident of achieving its full-year tax target, despite collecting only 42 percent of the figure in the first half of the year, or Rp 265.18 trillion (US$28.82 billion).
