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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
Edible Oils See Mixed Trend Amid Thin Volumes
01/08/2012 (Hindu Business Line) - The edible oils market witnessed a mixed trend on Tuesday due to need-based demand and thin volumes. Imported palmolein increased by Re 1, cotton refined oil up by Rs 3, groundnut oil edged by Rs 10 and rapeseed oil improved by Rs 7 for 10 kg. Soyabean refined oil dropped by Rs 3, tracking bearish sentiment at producing centres.
Palm Oil Makers Push For Wider RSPO Certification
01/08/2012 (Bangkok Post) - Thailand is being urged to adopt the Roundtable on Sustainable Palm Oil (RSPO) standard for the palm oil and biofuel industries, an initiative aimed at promoting the growth and use of sustainable oil palm products through credible global standards and engagement of stakeholders.
VEGOILS-Palm Oil Posts 3rd Straight Monthly Loss as Exports Weaken
01/08/2012 (Reuters) - Malaysian crude palm oil edged lower on Tuesday, posting its third successive monthly loss, as weak July exports offset a downgrade of soy crop conditions by the U.S. Department of Agriculture that fed fears of tighter global oilseed supplies.
Palm Oil Regulation Nearly A Reality
01/08/2012 (Bangkok Post) - Draft legislation regulating Thailand's palm oil industry covering all parties from upstream to downstream businesses is almost ready, says Krisada Chavananand, chairman of the Federation of Thai Industries' palm oil industry club.
New Govt Action Plan for Crude Palm Oil
01/08/2012 (The Star) - Plantation companies with crude palm oil (CPO) export licence will soon be issued with an additional two million tonnes of duty-free CPO export quota by the Government, said an industry source.
Cabinet Nods to Compensation for Palm Oil Imports
01/08/2012 (Pattaya Mail) - The Cabinet has agreed to spend 24 million-baht emergency budget to import 10,000 tons of palm oil and compensate the Public Warehouse Organization for its expected profit loss caused by the import of another 20,000 tonnes of palm oil in the near future.
There\'s a Lot at Stake, Say Palm Oil Refiners
01/08/2012 (Business Times) - Malaysia, in allowing more exports of duty-free crude palm oil (CPO) and remaining indifferent towards the plight of palm oil refiners here, may be risking the loss of further investment and talent in its oleochemical, specialty fat and biodiesel sectors.
Nigeria’s Okomu Oil Palm Retreats After Profit Slides 14%
01/08/2012 (Bloomberg) - Okomu Oil Palm Plc (OKOMUOIL), a Nigerian producer of the kernels, fell for the first time in more than three weeks after reporting a 14 percent drop in first-half profit.
Planters to Gain From CPO Export Quota Hike
01/08/2012 (The Sun Daily) - Analysts see the move to raise the country's tax-free crude palm oil (CPO) shipping quota this year as positive for upstream players but negative for the downstream sector due to tighter CPO supplies.
