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Malaysian end of July palm oil stocks hit near two-year high
Monsoon may ease ‘super El Niño’ potential impact on palm oil output
Palm oil prices steady amid projections of bigger stockpile
Gapki warns of sharp production losses
Europe Vegoils Ease as Higher Palm Oil Output Seen
03/05/2012 (Business Recorder) - European vegetable oil prices mostly eased on Wednesday on fears the slowing economy could lead to reduced demand and expectations for higher palm oil production in April.
Sliding Rupee Heats Up Palmolein
03/05/2012 (Hindu Business Line) - A mixed trend was witnessed in imported edible oils on Wednesday with palmolein rising by Rs 2 for 10 kg and soya refined oil dropping by Rs 2 on cues from foreign market. Indigenous oils such as groundnut oil rose by Rs 5 and cotton oil increased by Re 1on firm reports from producing centres. Sunflower oil and rapeseed oil remained unchanged in absence of fresh demand. Malaysian crude palm oil futures were off lows on mild buying interest amid higher Chicago soya oil futures in the morning; but later closed lower. The downside was limited, though, due to tight global supplies and strong palm oil export demand. A leading broker said that the rupee's drop to a four-month low buoyed buying sentiment among stockists resulting in higher volume in palmolein compared with the last two days. Sources said that stockists came up with fresh orders for near-term delivery. They covered nearly 600-700 tonnes of palmolein for delivery on May 10 in the range of Rs 658-660 from a leading refinery. Another 250-300 tonnes were traded in resale at Rs 660-661 for ready delivery. In Arrivals of the summer groundnut have begun in Saurashtra at a slower pace. They are expected to rise sharply in coming days.
Uncertainty Still Clouds Future of EU Biodiesel
03/05/2012 (Reuters) - Senior European Union officials failed on Wednesday to agree on how to measure the full climate impact of biofuels, prolonging uncertainty in a debate that threatens to wipe out large parts of Europe's biodiesel industry.
BW Plantation Sets Aside Rp 265b For Land Acquisition
03/05/2012 (Jakarta Post) - Publicly-listed palm-oil company PT BW Plantation (BWPT) is seeking an additional 40,000 to 50,000 hectares of land to support its plan to have a total land bank of 150,000 hectares.
MMTC Invites Bids For Import of 21,000 Tonnes of RBD Palmolein
03/05/2012 (Economic Times) - State-owned trading firm MMTC has invited global bids for the import of 21,000 tonnes of RBD palmolein for sale in the domestic market.
PHL Firm to Start Palm-oil Production in Zambo Norte
02/05/2012 (Business Mirror) - A Filipino company plans to start a palm-oil plantation in Zamboanga del Norte for the production of palm oil and dried palm kernel.
Astra Agro Sells 7,850 Tons of Palm Oil in Auction
02/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of 7,850 metric tons of palm oil it offered at an auction in Jakarta.
Indonesia’s Kharisma Sells 5,500 Tons of Palm Oil
02/05/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 5,500 metric tons of 10,500 tons of the commodity it offered at an auction in Jakarta.
Labour Shortage Results in 15% Loss in Oil Palm Harvest
02/05/2012 (The Star) - The oil palm industry especially in Sarawak and Sabah is facing acute shortage of labour resulting in 15% loss in rotting fruits.
