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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
Tocotrienol/Palm Oil Symposium Set For Utah
28/08/2012 (NutraIngredients-usa.com) - Science and sustainability will take center stage at theinaugural ‘Palm Oil and Tocotrienol Symposium’, to be held in Salt Lake City, Utah, on September 11th, 2012.
Bullish Global Cues Heat Up Edible Oils
28/08/2012 (Hindu Business Line) - Edible oils prices witnessed steady rise tracking extended gain in Malaysian palm oil futures on Monday but improve resale selling pressure in domestic market on lack of demand kept moral weak at end the end of the day. There were no buyers even resellers were offering Rs.10 lower for Palmolein. Volume remains subdued and isolated. Monsoon rain progress in main producing states weighed on indigenous edible oils. Futures markets cooled down after initial gain.
Felda Global in Talks To Buy Land in Myanmar
28/08/2012 (Business Times) - Felda Global Ventures Holdings Bhd (FGV), among the world's top three plantation companies by hectarage, is in talks to buy an initial 30,000ha of land in Myanmar to grow sugarcane, for a start.
Sabah Refiners To Create Oligopolistic Situation In Refinery Space
28/08/2012 (Bernama) - OSK Research is expecting Sabah-based refiners to team-up to create an oligopolistic situation in the refinery space to lower the domestic price of crude palm oil (CPO).
Activity At Karachi And Qasim Ports
28/08/2012 (Business Recorder) - The Karachi Port handled 64,160 tonnes of cargo comprising 43,077 tonnes of import cargo and 21,083 tonnes of export cargo including 3,253 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 43,077 tonnes comprised of 30,763 tonnes of containerised cargo; 4,324 tonnes of general cargo; 1,201 tonnes of DAP and 6,789 tonnes of oil/liquid cargo.
United Plantations Bhd’s Net Profit For The Second Quarter Ended June 30 Declined By 42% To RM77.1Mil From A Year Ago.
28/08/2012 (The Star) - Its revenue was was also down to RM232mil from RM390.6mil in corresponding period last year.
IOI’s Q4 Net Profit Down 27%
28/08/2012 (The Sun Daily) - IOI Corp Bhd saw its net profit for the fourth quarter ended June 30, 2012 (Q4) fall 27% to RM401.6 million from RM547.8 million a year ago, mainly due to lower profit from its plantation and resource-based manufacturing segments as well as translation loss on foreign currency denominated borrowings.
Any End to Nigeria’s Dependence on Imported Vegetable Oil
28/08/2012 (THISDAY Live) - Crusoe Osagie highlights the success of Presco Oil Palm Plc, a local vegetable oil producer as a possible model that could be adopted to liberate Nigeria from its dangerous dependence on imported oil
Long Road Ahead For Commercial Viability of Biodiesel Alternate
27/08/2012 (Borneo Post) - Biofuel came under the spotlight approximately seven years ago, as the government launched its National Biofuels Policy 2005 as a means to promote the usage of biofuels, leveraging on Malaysia’s ideal climate required to produce oil palms.
