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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
VEGOILS-Palm Oil Hovers Below 9-Mth High, Supported By Exports
17/03/2012 (Reuters) - Malaysian palm oil futures were almost flat on Friday, as some traders booked profits from a nine-month high notched in the previous session, while strong exports and soybean supply fears in drought-hit South America supported prices.
Indonesia Fails to Sell 26,500 Tons of Palm Oil in Auctions
17/03/2012 (Bloomberg) - Indonesia, the world’s biggest producer of palm oil, withdrew 26,500 metric tons of vegetable oils from auctions today, citing low bids.
Palm Oil Flat
17/03/2012 (Business Recorder) - Malaysian palm oil futures were almost flat on Friday, as some traders booked profits from a nine-month high notched in the previous session, while strong exports and soybean supply fears in drought-hit South America supported prices.
Palm Oil Heads For Second Weekly Gain
17/03/2012 (Business Times) - Palm oil may rise for a second weekly advance as shipments from Malaysia expanded and export sales of soybeans, crushed to make a competing oil, gained pace.
Oil Seed Sector Fighting For Space
17/03/2012 (New Vision) - Oil seed producers are calling for a revision of their tax obligations, arguing that palm oil industry has tax concessions that give them an unfair advantage and deprive oil seed farmers of extra income.
Palm Oil To Hover Around RM3,398
17/03/2012 (Malaysian Insider) - Malaysian palm oil is struggling around a resistance at RM3,398 per tonne, and may continue to hover around this level for one trading session.
Include Oil Palm In List Of High Value Crops, Group Urges Govt
17/03/2012 (Gold Star Daily World News) - The feverish push to include oil palm as high yield value crop in the National Greening Program (NGP) of the government shifted to high gear, the Philippine Palm Oil Development Council Inc. (PPDCI) said as it concluded the 1st Palm Oil Investment Forum here recently. PPDCI president Er win Garcia, himself a leading industry player, said the time has come for the national government to recognize oil palm farming as a solution to overcome rural poverty. Oil palm is widely known today as "Asia's miracle farm tree" due to its tremendous potential for high yield and farm income.
New Britain Invests Millions In Sustainable Palm Oil
17/03/2012 (FoodManufacture.co.uk) - New Britain Palm Oil (NBPO) is investing millions to expand the volume and variety of sustainable palm oil (SPO) available to UK food manufacturers.
Agric Ministry Begins Registration Of Farmers Of Some Commodities
17/03/2012 (The Nigerian Observer) - As part of its Agricultural Transformation Plan, the Federal Government is promoting the production of cocoa, oil palm, rice, cassava, fisheries and livestock.
