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A delicate balance for biodiesel mandate
Malaysia's palm oil stocks seen to drop further to 2.24mil tonnes in April
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
Supply tightening boosts value for Malaysian palm oil
Provident Agro to Raise $69 Million From IPO for CPO Expansion
19/09/2012 (Jakarta Globe) - Provident Agro, a plantation company partly owned by private equity firm Saratoga Group, is seeking to raise up to Rp 655 billion ($69 million) from its initial public offering and plans to use the proceeds to finance its expansion.
Oxfam & ActionAid Welcome EU Biofuels Clampdown
19/09/2012 (Responding to Climate Change) - The EU decision to halve its target for biofuels from food crops has been welcomed by NGOs.
STOCKS NEWS SINGAPORE-OCBC Raises Target on Wilmar To S$3.06
19/09/2012 (Reuters) - OCBC Investment Research raised its target price on Singapore palm oil firm Wilmar International Ltd to S$3.06 from S$2.90, saying the market is less averse to taking risk after the U.S. stimulus, but maintained its 'hold' rating.
Panic Selling Drives Buyers Away
19/09/2012 (Hindu Business Line) - Edible oils market lost ground on Tuesday as prices dropped sharply in physical market on panic selling tracking sharp decline in futures.
Indonesian Minister Urges Restrictions on Foreign Stake in CPO Sector: Report
19/09/2012 (Platts) - The Indonesian government must restrict foreign ownership in crude palm oil plantations and encourage domestic production, local media reported Monday quoting Hatta Rajasa, the co-ordinating minister for economic affairs.
Render Expects Higher Palm Oil Imports From Malaysia By Year-end
18/09/2012 (Bernama) - Render Com, one of the main suppliers of fats and oils in Romania, foresees higher imports of palm oil from Malaysia given the growing demands for the edible oil.
Malaysians In Bucharest Usher Malaysia Day In Meaningful Celebration
18/09/2012 (Bernama) - About 60 Malaysians living in this Romanian city had a meaningful celebration in conjunction with the 49th anniversary of Malaysia Day here, Sunday.
Stockists Keep Off Purchasing Edible Oils
18/09/2012 (Hindu Business Line) - Edible oils prices ruled weak on Monday due to lack of demand and bearish futures market. Imported palmolein dropped by Rs 4 and soyabean refined oil declined by Rs 5 for 10 kg. Cotton refined oil lost Rs 5, tracking bearish reports from producing centres. Groundnut oil, which made a further loss of Rs 20 in Saurashtra, ruled steady in local market. Rapeseed and sunflower oils were unchanged.
Govt Should Cap Foreign Control on CPO, Boost Local Investors: Minister
18/09/2012 (Jakarta Globe) - A senior Indonesian minister says the government should limit foreign ownership in crude palm oil plantations to encourage local participation in the sector.
