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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
Malaysian Palm-Oil Stockpiles Drop to One-Year Low in April
11/05/2012 (Bloomberg) - Palm-oil stockpiles in Malaysia, the second-largest supplier after Indonesia, slumped to the lowest level in a year in April as production continued to drop from a year ago and exports were flat.
Indonesia’s Kharisma Sells 7,000 Tons of Palm Oil
11/05/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 7,000 metric tons of the 12,500 tons it offered at an auction in Jakarta.
CIMB Research Maintains Trading Buy on Plantations
11/05/2012 (The Star) - CIMB Equities Research maintains its Trading Buy call on regional plantations as it expects crude palm oil (CPO) price to hit a peak in the second quarter of 2012 and trend lower in the second half.
Cooking-Oil Imports by India Seen Advancing for Third Month
10/05/2012 (Bloomberg) - Cooking-oil imports by India, the world’s biggest consumer after China, may have surged for the third straight month in April on lower crushing of the domestic crop and higher local prices.
Move To Revise Crude Palm Oil Tax
10/05/2012 (The Star) - The long overdue revision of Malaysia's crude palm oil (CPO) export tax policy which has been unchanged since the 1960s will likely take place by year-end or early next year, according to sources close to the industry.
Astra Agro Sells 3,000 Tons of Palm Oil in Auction
10/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 3,000 metric tons of 7,000 tons of palm oil it offered at an auction in Jakarta.
Indonesia’s Kharisma Sells 6,500 Tons of Palm Oil
10/05/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 6,500 metric tons of the 12,000 tons it offered at an auction in Jakarta.
VEGOILS-Palm Slips As Europe Political Concerns Weigh; Data Eyed
10/05/2012 (Reuters) - Malaysian palm oil futures closed lower on Wednesday as heightened political risk in Europe raised concerns about demand and deterred traders who remained sidelined ahead of a slew of industry data due to be released the following day.
Wilmar Q1 Net Profit Down 34 Pct, Hurt By China Ops
10/05/2012 (Reuters) - Wilmar International Ltd , the world's largest listed palm oil firm, reported on Thursday lower-than-expected first quarter earnings, hit by weak margins at its largely China-based oilseeds and grains business.
