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Mixed forecasts for palm oil at POC2026
CPO prices to consolidate at RM4,000 to RM4,300
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
Campaign to combat negative attitude towards palm oil
25/6/07 (The Star) MALACCA - The Plantation Industries and Commodities Ministry is on a campaign to educate consumers, especially those in European countries, that development of oil palm plantations have not resulted in the killing orang utans or caused global warming.
Less demand for M'sian palm oil from some countries
26/6/07 (The Star) - PUTRAJAYA: Malaysian palm oil demand from several European countries has dropped following anti palm oil campaign by environmental groups.
Palm oil board to take over biofuel licensing
July 5 2007 (Business Times) - THE Malaysian Palm Oil Board (MPOB) is to take over from the Malaysian Industrial Development Authority (Mida) as the issuer of biofuel licences next year.
German Rights Group Criticizes Indonesia, Malaysia for Pushing Palm Oil as Bio Fuel
24/6/07 (Huntingtonnew.net) - The Germany-based Society for Threatened Peoples (GfbV) sharply criticized an advertising campaign of Indonesia and Malaysia for the use of palm-oil as bio fuel.
Countering oil palm critics
23/6/07 (The Star) - EARLIER this month, Plantation Industries and Commodities Minister Datuk Peter Chin led a delegation of palm oil industry representatives on a six-day trip to the Hague, Brussels and London. The mission was to address the groundswell of negativity towards palm oil.
Malaysian palm oil takes its battle to the air
23/6/07 (NSTP) - KUALA LUMPUR: Malaysian palm oil has taken to the airwaves to counter bad press in the West.
Breakthrough in M'sia-Indon ventures
25/6/07 (The Star) - The Malaysian Indonesian Business Council (MIBC) has scored major inroads into the Indonesian market through initiatives involving the opening up of land as well as facilitation of infrastructure and power projects.
Kulim to exit plantation business in Indonesia
22/6/07 (Business TImes) - KULIM (Malaysia) Bhd will exit the plantation business in Indonesia by selling its four Indonesian subsidiaries for RM430 million and focus on Malaysia, Papua New Guinea and the Solomon Islands.
Palm oil export tax
20/6/07 ( The Jakarta Post) - The government finally decided last week to increase the export tax on crude palm oil and its derivatives from about 1.5 percent to 6.5 percent per metric ton, in a concerted effort to help bring down domestic cooking oil prices to below Rp 7,000 per kilogram, or US$777 a ton, compared to the international price of around $800.
