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MARKET DEVELOPMENT  
  07-10-2010

Palm Oil Gains a Second Day as Equities, Commodities Rally

06/10/2010 (Bloomberg) - Palm oil climbed for a second day, mirroring a global stocks and commodities rally, on optimism that demand for the vegetable oil may increase as central banks take steps to spur economic growth and boost liquidity.

MARKET DEVELOPMENT  
  07-10-2010

Malaysia mulls cutting diesel subsidy to boost biofuel

06/10/2010 (AFP), Kuala Lumpur — Malaysia said on Monday it would consider cutting a diesel subsidy next year in a bid to make its biofuel industry more attractive after production of the alternative fuel virtually ground to a halt.

MARKET DEVELOPMENT  
  07-10-2010

Palm Oil Gains a Second Day as Equities, Commodities Rally

06/10/2010 (Bloomberg) - Palm oil climbed for a second day, mirroring a global stocks and commodities rally, on optimism that demand for the vegetable oil may increase as central banks take steps to spur economic growth and boost liquidity.

MARKET DEVELOPMENT  
  06-10-2010

ETP plan on oil palm lacks Sarawak input

06/10/2010 (The Star Online), Kuching - The eight core entry-point projects (EPPs) and four business opportunities planned to help the oil palm industry achieve an incremental gross national income under the Economic Transformation Programme (ETP) lacks input from Sarawak.

MARKET DEVELOPMENT  
  06-10-2010

Palm oil expected to hit RM3,600 in H1 next year

06/10/2010 (Business Times) - Palm oil prices can hit RM3,600 a tonne as soon as in the first half of next year, traders say, which would be their highest since 2008 as demand continues to be robust, while supply is hit by erratic weather.

MARKET DEVELOPMENT  
  06-10-2010

IOI Corp sees palm prices at RM3,000/tonne

04/10/2010 (Business Times) - Malaysia’s No.2 palm oil firm IOI Corp said today that palm oil prices are likely to hit RM3,000 (US$972.4) a tonne “very soon”.

MARKET DEVELOPMENT  
  06-10-2010

Palm Oil Gains the Most in 11 Days on Speculation About Revived Shipments

05/10/2010 (Bloomberg) - Palm oil climbed the most in 11 days on speculation that shipments revived in September, potentially keeping stockpiles from rising above levels in August.

MARKET DEVELOPMENT  
  06-10-2010

Crude palm oil marginally higher on spot demand

05/10/2010 (PTI), New Delhi - Crude palm oil was trading marginally higher by Rs 2.40 to Rs 406.60 per 10 kg in futures market today, as speculators indulged in creating fresh positions on expectations of a rise in spot market demand.

MARKET DEVELOPMENT  
  06-10-2010

CPO Prices Set To Clinch RM3,600 A Tonne, Says Market Strategist

05/10/2010 (Bernama), Kuala Lumpur - Crude palm oil (CPO) prices will rise to RM3,600 a tonne in the next six to nine months amid bullish market sentiment, says NextView Chief Market Strategist Benny Lee.

MARKET DEVELOPMENT  
  06-10-2010

NGO says World Bank palm oil policy will hurt developing countries

05/10/2010 (Ghana Business News) - An NGO has written to key executives of the World Bank drawing attention to the repercussions its draft framework on palm oil would have on developing countries.

MARKET DEVELOPMENT  
  06-10-2010

Claims by anti-palm oil NGOs baseless, says Dompok

05/10/2010 (The Star Online), Kuala Lumpur - Malaysia has slammed anti-palm oil NGOs and environmental groups for blaming the industry for the destruction of rainforests and orang utan habitats in the country.

MARKET DEVELOPMENT  
  05-10-2010

Firm vegetable oil prices, including palm oil, seen in H1 2011

05/10/2010 (The Star Online), Kuala Lumpur - Global vegetable oil prices, including that of crude palm oil (CPO), are expected to remain firm in the first two quarters of 2011 should soybean production from South America stays flat due to stagnating planted areas, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron.