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CPO prices to consolidate at RM4,000 to RM4,300
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
VEGOILS-Palm Oil Ends Higher, Bernanke Speech Eyed
31/08/2012 (Reuters) - Malaysian crude palm oil futures inched up on Thursday, recovering from a near 2-week low hit the previous day although traders were cautious ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke on Friday.
Indonesia To Stop Palm Firms From Using Subsidised Fuel -Assoc
31/08/2012 (Reuters) - Indonesia will ban palm oil plantation firms from using subsidised fuel from next month, an official at the Indonesian Palm Oil Association (GAPKI) said on Thursday, in a move aimed at reducing the strain on the country's budget.
Malaysia On Track For Biomass: Palm Oil Production Ratio By 2020
31/08/2012 (Bernama) - The government is on track to achieve a 50:50 ratio of biomass to palm oil production in the country's palm oil industry by 2020, said Plantation Industries and Commodities Deputy Minister Datuk Hamzah Zainudin.
New Britain Palm Oil Takes A Hit
31/08/2012 (Radio Australia) - New Britain Palm Oil has seen its profit for the first half of 2012, drop by well over half.
Nigeria To Get 8 Bln USD From Palm Oil Export
31/08/2012 (Shanghai Daily) - Nigeria is targeting 8 billion U.S dollars revenue from palm oil export under the Agriculture Transformation Agenda (ATA), a top government official said on Thursday.
Ondo Begins Oil Palm Revolution
31/08/2012 (Daily Times Nigeria) - The Ondo State Government has cultivated 800,000 improved varieties of oil palm seedlings in three agricultural villages to enhance palm oil production in the state.
Mixed Trend in Edible Oils
31/08/2012 (Hindu Business Line) - Weak tendency remained in edible oils market on Thursday due to month-end eased demand. In ready market, the absence of fresh demand pulled down rapeseed oil by Rs 5 and cotton refined oil by Rs 3 for 10kg, while other edible oils such as groundnut oil, sunflower oil, palmolein and soya oil ruled steady with cautious mood.
Indonesia Says Ready to Fight European Biodiesel Dumping Complaint
31/08/2012 (Jakarta Globe) - Indonesia said it is ready to fight a complaint by European biodiesel producers of dumping in the European market if necessary, but will first ask EU regulators to clarify their allegations, trade ministry officials said on Friday.
Sliding Palm Oil Price Hits Anglo-Eastern
31/08/2012 (Investors Chronicle) - Sliding palm oil prices forced earnings to slide at Anglo-Eastern Plantations (AEP) - even though the Indonesian producer sold more palm oil in the period than during last year's first half. Add that price attrition to currency headwinds, as well as to the rising cost of maintaining the group's estates, and near-term catalysts for a re-rating look hard to spot.
