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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
RHB Research Raises Malaysia's Export Growth Forecast To Six Per Cent This Year
21/02/2017 (Bernama) - RHB Research Institute has revised upward Malaysia’s export growth forecast to 6% this year from an earlier expectation of 2%.
MPOC Chairman's Tenure Extended
21/02/2017 (Bernama) - The Ministry Of Plantation Industries and Commodities has extended the tenure of office of Malaysian Palm Oil Council’s (MPOC) Chairman, Datuk Lee Yeow Chor, for two more years, effective Feb 22, 2017.
VEGOILS-Market Factors to Watch Feb 20
20/02/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Rotterdam Vegetable Oil Prices
20/02/2017 (Reuters) - The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:
Ta Ann Shares Advance 10% on Rising CPO Price
20/02/2017 (The Star) - The share price of Sibu-based timber and plantation group Ta Ann Holdings Bhd has rallied over 10% in the past two months, thanks to the good run-up in crude palm oil (CPO) prices.
Soya Oil Cools
20/02/2017 (Hindu Business Line) - The most active March’17 refined soya oil futures contract on the NCDEX fell to a four-month low of ₹663.3 per 10 kg on Friday. The contract tumbled over 4 per cent on the back of weak global cues to close at ₹664.75
Wait For Mustard to Splutter
20/02/2017 (Hindu Business Line) - Rape mustard seed is the world’s third most important oil yielding crop (next to soyabean and palm) and the main rabi oilseed crop in India. Mustard oil is the most preferred edible oil in the northern, central and eastern parts of India. Its prices touched record high level of ₹5,500 per quintal at the Jaipur market in 2016 owing to a shortfall in production due to unfavourable weather and unseasonal rains. However, the prices started correcting later in the year with expectation of good soil moisture, better acreage and lower export demand for mustard meal. Even the winter season didn’t help the prices peaking up much. Mustard future prices are currently ruling at ₹3,818, down over 26 per cent from its July 2016 peak.
Palm Plantations Threaten Biodiversity in Palawan
20/02/2017 (Manila Times) - A long stretch of land, as far as the eye can see, on the southern tip of Palawan, is now the preserve of massive palm plantations.
Crude Palm Oil Weekly Report – 18 February 2017
20/02/2017 (Borneo Post) - Malaysian palm oil futures broke sideway price range and started a fresh round of downtrend on Thursday and Friday, following expectations of weaker demand from China and improving harvest at rival products.
