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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
The Future is in Our Palm
25/08/2012 (The Star) - THE STAR recently held its first roundtable talk on palm oil with four prominent captains of the industry Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron, IOI Group executive director Datuk Lee Yeow Chor, Felda Global Ventures Holdings Bhd group president/CEO Datuk Sabri Ahmad and United Plantations Bhd vice-chairman Datuk Carl Bek-Nielsen.
Edible Oils Rise on Global Cues
25/08/2012 (Hindu Business Line) - Edible oils prices rose steadily, tracking an extended gain in palm, soya futures markets overseas on Friday. Imported palmolein and soya bean refined oil rose by Rs 2 and Rs 5 each. Indigenous edible oils such as groundnut oil rose Rs 10 on tight supply in producing centre. Sunflower, rapeseed and cotton refined oil increase by Rs 5 each. Volume was isolated for the second day on increase resale-selling pressure due to lower demand during month-end period. Cautious sentiment prevailed due to lack of demand, said a broker.
Palm-Oil Imports by China Head for Four-Year Low on Economy
24/08/2012 (Bloomberg) - Palm-oil imports by China, the world’s biggest buyer after India, are poised to decline to the lowest level in four years as the economy slows and the government seeks to keep cooking-oil prices stable.
VEGOILS-Palm Oil Off 1-Mth High, U.S. Weather in Focus
24/08/2012 (Reuters) - Malaysian crude palm oil futures edged off a one-month high on Thursday, as traders turned cautious over demand prospects, with the worst drought in the U.S. Midwest in 56 years pushing oilseed prices higher.
Astra Agro Fails to Sell 9,000 Tons of Palm Oil in Auction
24/08/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, failed to sell 9,000 tons of palm oil it offered at an auction today in Jakarta.
India Soyoil Extends Gains on Demand; Soybean Down
24/08/2012 (Reuters) - Indian soyoil futures extended gains into a third session on Thursday on good demand in the physical market ahead of key festivals, while rapeseed rose tracking an upside in the spot market due to thin supplies.
Mixed Trend in Edible Oils
24/08/2012 (Hindu Business Line) - Edible oil market witnessed mixed trend on Thursday on lack of demand and thin volume. Groundnut oil, rapeseed oil and palmolein ruled unchanged while soyabean refined oil, sunflower oil and cotton refined oil increased by Rs 5 for 10 kg each tracking firm reports from producing centres and bullish domestic futures.
MPOC At The Forefront Of Wildlife Conservation In Sabah
24/08/2012 (Bernama) - The Malaysian Palm Oil Council (MPOC) is tasked with promoting the market expansion of palm oil through creating awareness of various technologies, economic advantages, nutritional wholesomeness and environmental sustainability of Malaysian palm oil.
DNP Seeks Stronger Control Over Encroaching Farmers
24/08/2012 (The Nation) - The main forest watch agency will ask the Agriculture Ministry to register all farmers who grow rubber and oil-palm trees nationwide in a bid to prevent encroachment, which is one of the major causes of wildfires in protected peat swamp forests in two southern provinces.
