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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
CPO futures end mostly higher on soybean oil gains
Coconut oil drips thin on poor demand
30/10/2008 (Business Standard) - Coconut and copra prices in Kochi are likely to stay in a narrow band in the week ahead due to thin demand, dealers said today. Coconut oil price may stay in the range of Rs 5,800-5,900 per 100 kg while copra, dry coconut used for extracting oil, is likely to move around 4,000-4,100 rupees, they said.
RM200 Million Govt Allocation For Oil Palm Replanting
30/10/2008 (Bernama), Kuala Lumpur - Prime Minister Datuk Seri Abdullah Ahmad Badawi on Thursday announced an allocation of RM200 million for replanting 200,000 hectares of oil palm nationwide, saying the time when the price of palm oil was low was good to replace low-yielding, old palms.
Consider Cost-efficient Technology From NEDO, Says Chin
29/10/2008 (Bernama), Kuala Lumpur - Japan's New Energy and Industrial Technology Development Organisation (NEDO) has offered its technology as an alternative fuel combustion support system using oil palm biomass and waste tyres as a source of energy generation for the cement industry in Malaysia.
Edible oil import consignments to be tested by PSQCA
29/10/2008 (Pakwatan), Karachi - All imports of edible oil will, henceforth, be subject to tests for standards and issuance of Conformity Assessment Report (CAR) by Pakistan Standards and Quality Control Authority (PSQCA) before marketing of the product for sale.
New deal to rescue Borneo orangutans in Malaysia
29/10/2008 (AP), Kuala Lumpur — Conservationists said Tuesday they were planning a big push to protect Borneo's orangutans, pygmy elephants and other endangered wildlife by purchasing land from palm oil producers to create a forest sanctuary.
ACCCIM calls for reduction of CPO stock
29/10/2008 (NST Online) - The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) today asked major crude palm oil producers — Indonesia, Malaysia and Thailand — to reduce their stock by one million to 1.5 million tonnes to stabilise prices in the global market.
Indonesia Asks Companies to Remit Export Earnings
29/10/2008 (Bloomberg) - Indonesia asked state companies to bring export proceeds home and will scrap a levy on overseas palm oil sales to boost the rupiah, after the currency plunged as much as 29 percent in the past month.
Indonesia adopts measures to boost rupiah
29/10/2008 (Xinhua), Jakarta - Indonesia has obligated state-own firms to place their U.S. dollars in the country and speed up the implementation of project funded by donors, Coordinating Minister for Economy Sri Mulyani Indrawati told a press briefing on Tuesday evening after a sudden cabinet meeting.
‘Call to bring ghee prices down’
29/10/2008(The Post), Lahore - Chairman task force for essential commodities, S.A Hameed has said that ghee mills owners should reduce the price of ghee as the price of palm oil has dropped in the international market.
