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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
Verdezyne Opens Biobased Adipic Acid Pilot Plant In California
07/12/2011 (Textile World Magazine) - Verdezyne Inc., a Carlsbad, Calif.-based industrial biotechnology company dedicated to the production of biobased chemicals and fuels, has opened a pilot plant for the production of adipic acid derived from nonfood-based vegetable oils using a cost-effective engineered yeast-based fermentation process. Adipic acid is a component of nylon 6,6, which in fiber form is used for carpet, apparel and other textile applications. The company anticipates that ultimately it will be possible to produce a 100-percent biobased nylon 6,6 polymer using its biobased adipic acid.
Palm Oil Output in Malaysia Drops as Peak Harvest Season Ends
06/12/2011 (Bloomberg) - Palm oil output in Malaysia, the world’s second-biggest producer, probably fell from a two-year high last month after the peak harvest season ended, according to a Bloomberg News survey.
Palm Oil-Based Biofuels Should Not Be Called Green, New Study Claims
06/12/2011 (Jakarta Globe) - The benefits of biofuels derived from palm oil have once again been brought into question following a new report that says the reduced emissions from burning the fuel are far outweighed by the clearing of peatland forests to grow the crop.
Fed Govt, Indonesian Consortium Seal N155b Deal
06/12/2011 (The Nation) - The Federal Government has signed a Memorandum of Understanding (MoU) with the Barkie Group of Indonesia for an investment worth N155billion in mining , rubber and palm oil plantations, in Ogun and Akwa Ibom states within the next five years.
South Sumatra Government Confers Cargill with Best Investor Award
06/12/2011 (The CSR Digest) - Cargill was presented with the Best Investor Award by Indonesia’s Ministry of Trade and Industry, and the Investment Coordinating Board of Indonesia at a ceremony held on November 30 in Palembang, Sumatra.
SE Asia Stocks-Firmer Before EU Summit
06/12/2011 (Reuters) - Most Southeast Asian stock markets ended steady to slightly firmers on Monday, though gains were capped by profit-taking in banking and commodities-related shares as investors waited to see if European leaders can deliver a solution to the region's debt crisis at a summit later in the week.
Shipping Activity at Port Qasim
06/12/2011 (APP): Two ships arrived at Port Qasim on Sunday, carrying container at QICT, palm oil at. LCT.Berth occupancy was maintained at 43% at the Port on Saturday where total of seven ships namely M.V Ionian Sea, M.V Fisher-K, M.V Maersk Georgia, M.T AL Khalidia, M.T SC Ningbo, M.V Zeynep-K are currently occupying berths to load/ offload rice, cement, containers,furnace oil, palm oil was handled at port last 24 hours.Cargo handling operations were carried out smoothly at the Port where a cargo volume 64290 tonnes comprising 55477 tonnes imports, 8813 tonnes exports 1749 (TEUs) was handled at the Port during the last 24 hours.
FF Challenges Logic of Palm Kernel Report
06/12/2011 (Radio New Zealand) - Federated Farmers has questioned the logic of a report released by Greenpeace as part of a campaign to stop the dairy industry from using palm kernel expeller imported from Indonesia and Malaysia as stock feed.
Palm Oil Plantations Behind Decline in Proboscis Monkeys
06/11/2011 (Mongabay.com) - The practice of palm oil plantations planting along rivers is leading to a decline in proboscis monkeys (Nasalis larvatus) in the Malaysian state of Sabah on Borneo, says the director of the Sabah Wildlife Department, Laurentius Ambu. Proboscis monkeys, known for their bulbous noses and remarkable agility, depend on riverine forests and mangroves for survival, but habitat destruction has pushed the species to be classified as Endangered by the IUCN Red List.
