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Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Liberia: Global Witness Exposes H'Rights Abuses At EPO
24/12/2013 (AllAfrica.com) - United Kingdom-based Equatorial Palm Oil (EPO) has been accused of its involvement in the arbitrary arrest and assault of Liberian community members who claimed that they were resisting EPO's efforts to take their customary-owned land in Grand Bassa County.
‘Havoc for Palm Oil Sector’
23/12/2013 (New Straits Times) - Palm oil refiners, some of which are owned by the country’s largest conglomerates, may face a bleak future if Malaysia accedes to demand under free trade pacts to dismantle the crude palm oil (CPO) tax.
Commodity Weekly Report 22 December 2013
23/12/2013 (Borneo Post) - The US Fed had noted the tapering of stimulus during the Federal Open Market Committee (FOMC) meeting held last week. The trimming of US$10 billion on monthly bonds purchase to US$75 billion will begin in January. Dow Jones Industrial Average Index rose to record high towards the weekend after news tapering were announced as market investors reckoned recovery is in sight. However, rising dollar had triggered sell-off in gold prices while WTI Crude recovered to 99 regions after supply cut was indicated in weekly EIA report.
Palm Oil to Test Resistance, Fall
23/12/2013 (Hindu Business Line) - Malaysian palm oil futures on BMD ended higher Friday, with the ringgit's weakness against the dollar and likely lower output providing support, while export data signaled a minor recovery in demand. Monsoon floods in several palm-growing parts of Malaysia also fanned worries that output in Malaysia would fall steeply in December.
Higher Harvesting of FFB to Boost United Malacca’s Earnings
23/12/2013 (Borneo Post) - United Malacca Bhd’s (United Malacca) prospects remains strong, supported by higher harvesting of fresh fruit bunches (FFB) in the second half of financial year 2014 (2HFY14) and improving crude palm oil prices (CPO) which is expected to boost the sales of its palm oil products.
Palm Oil Industry in Indonesia: A Blessing or a Curse?
23/12/2013 (The Establishment Post) - The Indonesian government tried hard but failed to convince the international community at the Asia- Pacific Economic Cooperation (Apec) forum held in Bali, this year to include Crude Palm Oil (CPO) on the Apec Environmental Goods List (EG List) that will help free palm oil goods from their bad image.
Government May Stop Indonesia's Crude Palm Oil (CPO) Exports to Europe Indonesia Investments
23/12/2013 (Indonesia Investments) - Government May Stop Indonesia's Crude Palm Oil (CPO) Exports to EuropeThe Indonesian government is considering to stop exports of crude palm oil (CPO) to Europe from 2014 onwards as domestic CPO demand in Southeast Asia's largest economy is rising, brought on by the country's biofuel industry which is expected to grow 70 percent next year to 5 million tons.
Africa: World's Largest Palm Oil Company Commits to No Deforestation
23/12/2013 (AllAfrica.com) - A new policy that looks to transform the palm oil industry was recently announced. Asia's leading palm oil producer, Wilmar International, said it has committed to producing only products that are free from links to deforestation and abuse of human rights. Palm oil is a $50-billion a year commodity that is found in half of all consumer goods. It is in chocolate, baked goods, soaps, detergents, and many more household items. The production of it has caused the clearing of tropical forests for plantations, threatening ecological systems as well as forest animals.
Ketengah Incurs RM2 Million In Losses Due To Floods
23/12/2013 (Bernama) - The Central Terengganu Development Authority (Ketengah) has incurred losses of about RM2 million due to the recent floods after crops from its oil palm plantations could not be collected for processing.
