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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
EU palm oil restrictions risk sparking trade spat
30/03/2017 (Climate Change News) - EU lawmakers are poised to vote for a ban on the import of palm oil-based biofuels by 2020, in a bid to protect threatened rainforests.
372 settlers lose suit against Felda over palm oil extraction rates
31/03/2017 (The Star Online) - A total of 372 settlers in two Felda schemes who filed a suit against the authority and its subsidiary over palm oil extraction rates will have to pay RM472,000 in costs after losing their case in two courts.
Tasmanian dairy uses palm oil spin-off in its cow feed
03/04/2017 (The Australian) - Australia’s largest dairy is using a palm oil product — linked to the deforestation of orangutan habitÂat and biosecurity scares — in cow feed while promoting its product as based on Tasmania’s pristine pastures.
Malaysian palm oil/Vegoils: Market factors to watch Monday April 3
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 3
MEPs to Vote on Sustainable Palm Oil Report
MEPs will debate a report calling on the European Commission to take measures to phase out palm oil in biofuels and a single certification scheme for the commodity to enter the EU market, later today (April 3), ahead of a vote scheduled for tomorrow.
Palm oil to test support at 2,638 ringgit
Palm oil is expected to test a support at 2,638 ringgit per tonne, a break below which could cause a further loss to 2,609 ringgit. For a chart: http://tmsnrt.rs/2nMga1G The support is provided by the 100 percent Fibonacci projection level of a downward wave c, the third wave of a bigger wave (5) from the March 6 high of 2,898 ringgit. The bullish divergence on the hourly MACD suggests that the downtrend has become very exhausted. There might be a good chance of the support to hold. Resistance is at 2,665 ringgit, a break above which could lead to a gain to 2,685 ringgit. A further gain above 2,685 ringgit will signal the completion of the wave c.
Bank of England to use palm oil for £ 20 note?
Move considered after criticism from Hindus, Sikhs and vegetarians of use of animal fat in plastic £ 5 notes
VEGOILS-Market Factors to Watch Mar 31
31/03/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
VEGOILS-Palm Snaps Two Days of Gains, Hits More Than Five-Month Low
31/03/2017 (Reuters) - Malaysian palm oil futures snapped two sessions of gains on Thursday, hitting their lowest in more than five months, dragged down by weaker-performing rival soyoil on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
