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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
Palm-Oil Shipments From Indonesia Set to Increase on Lower Duty
31/07/2012 (Bloomberg) - Palm-oil shipments from Indonesia, the largest producer, may have climbed 23 percent in July from a month earlier as companies took advantage of a lower export tax to book cargoes and demand rose ahead of a Muslim festival.
VEGOILS-Palm Oil Rises to 1-Week High on Stimulus Hopes
31/07/2012 (Reuters) - Malaysian crude palm oil edged to a one-week high on Monday, tracking gains in broader financial markets on expectations the Federal Reserve and European Central Bank (ECB) will announce new measures to encourage growth, boosting commodity demand.
POLL-U.S. Drought, El Nino to Support Malaysia Palm Oil Prices in 2012
31/07/2012 (Reuters) - Average palm oil prices in Malaysia may hold their ground at 3,200-ringgit this year, a Reuters poll showed, supported by a squeeze in supplies of edible oil from the drought-hit U.S. Midwest and the brewing El Nino weather pattern.
New Commitment on Sustainable Palm Oil
31/07/2012 (The Guardian) - Unilever has announced it will reach its target of 100% certified sustainable palm oil covered by GreenPalm Certificates by the end of 2012, three years ahead of schedule. At the same time, we have set a new target of buying all our palm oil from traceable sources by 2020.
Activity at Karachi and Qasim Ports
31/07/2012 (Business Recorder) - The Karachi Port handled 55,773 tonnes of cargo comprising 36,975 tonnes of import cargo and 18,798 tonnes of export cargo including 1,964 loaded & empty containers during last 24 hours ended at 0700 hours on Monday. The total import cargo of 36,975 tonnes comprised of 12,889 tonnes of containerised cargo; 7,348 tonnes of general cargo; 10,538 tonnes of bulk cargo: 3,662 tonnes of DAP; 6,876 tonnes of rock phosphate and 6,200 tonnes of oil/liquid cargo.
Malaysia to Boost Tax Free Palm Oil Quota By 2 Mln T -Govt Sources
31/07/2012 (Reuters) - Malaysia will increase shipping quotas for tax free crude palm oil by up to 2 million tonnes this year to help planters cope with higher output in the next few months, government sources said, as the world's No.2 supplier struggles to maintain its export momentum.
Refiners Upset Over Move to Boost Tax-free CPO Exports
31/07/2012 (Business Times) - The government will increase the duty-free quota for crude palm oil (CPO) exports by another two million tonnes, a move which is widely frowned upon by palm oil downstream players.
Delivery Deadline Extended to 2013 For \'First Car\"
31/07/2012 (The Nation) - The Cabinet yesterday approved the Finance Ministry's request to extend the deadline of car delivery under the government's policy for first-time car buyers to March next year. However, all first-time car buyers need to submit the required documents to the Excise Tax Department by the end of December. The buyers will also enjoy a tax refund if they hang on to the car for at least a year.
Players: Palm Oil Price Will Remain Strong
30/07/2012 (The Star) - Local plantation players say crude palm oil (CPO) is still fundamentally strong with the average price this year expected in the range of RM2,800 to RM3,000 per tonne.
