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Malaysia's total palm oil stocks surge 24.54% to 3.51mil tonnes in Sept
CPO Futures Close Lower On Weaker Soybean Oil Prices
Palm oil falls to 11-week low on weak exports, rising output
CPO Futures End Lower In Line With Weak Regional Vegetable Oil Markets
Palm set for worst annual fall since 1996
31/12/2008 (Business Times) - PALM oil futures headed for the worst annual drop since at least 1996, falling for the first time in four years, as stockpiles gained to an all-time high.
Gaza conflict drives oil price above US$48 a barrel
07/01/2009 (The Star Online), Petaling Jaya - Crude oil held steady at a near five-week high above US$48 a barrel during Asian trading hours yesterday, driven by the escalation of conflict in Gaza and signs of greater compliance with Opec’s target of a 9% production cut announced last month.
Sime Darby to Build Palm Oil Plant in Rizhao
06/01/2009 (Trading Markets) - Malaysia-based Sime Darby Berhad, the world's largest listed palm oil producer, will start building a 3-million-ton palm oil plant with a total investment of USD 500 million in Rizhao City, Shandong Province, North China, late January 2009, said an official from the Rizhao government.
CPO price goes past RM1,800
06/01/2009 (The Star Online), Petaling Jaya - As crude oil price rose for the third consecutive trading day, hitting US$48.68 per barrel in New York yesterday, crude palm oil (CPO) also followed suit, shooting past RM1,800 per tonne
Local edible oil supply may be able to meet Jan-Mar demand
06/01/2008 (The Economic Times / India Times), Mumbai - Domestic supply of edible oils would be enough to ensure that demand is comfortably met during the first quarter of calendar year 2009. Good reports for mustard crop and imports will be sufficient to address the incremental demand that followed a decline in edible oil prices last year, according to industry experts.
Excess palm oil supply triggers distress sale
06/01/2008 (Business Standard) - Palm oil is being sold at Rs 1.50 a kg discount to the prevailing price in the benchmark Malaysian markets, thanks to an abundance of supply from Indonesia.
Nigeria: Palm Oil Producers Decry Lifting of Import Ban
05/01/2009 (Allafrica) - The Plantation Owners Forum of Nigeria (POFON) has decried the recent plan of the Federal Government to lift the ban on importation of palm oil and other related products as well as approve massive importation of such commodities.
Edible oil deficit to grow 73 percent by 2020: Assocham
05/01/2009 (Sindh Today), New Delhi - India’s edible oil deficit is expected to widen by 73.5 percent by 2020 to more than 8.1 million tonnes a year from the current 4.71 million tonnes, said an industry lobby report, released here Monday.
06/01/2009 (The Star Online), Petaling Jaya - As crude oil price rose for the third consecutive trading day, hitting US$48.68 per barrel in New York yesterday, crude palm oil (CPO) also followed suit, shooting past RM1,800 per tonne.
