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Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
Gapki warns of sharp production losses
El Nino, biodiesel demand support CPO prices despite rising stocks
VEGOILS-Palm Oil Rises on Global Economy Outlook
02/12/2011 (Reuters) - Malaysian palm oil futures rose on Thursday, supported by an improved global economic outlook and a market correction after recording straight losses for more than five days.
Top Analyst Sees Build-up of Malaysia Palm Oil Stocks
02/12/2011 (The Star) - Palm oil stocks in Malaysia are set to rise if the Government does not change policies in response to top supplier Indonesia imposing export tax differentials that favour shipping out refined products, a top analyst said.
Indonesia to Start Green Palm Oil Certification in January
02/12/2011 (Bloomberg) - Indonesia, the largest palm oil grower, said it will start in January assessment of producers seeking sustainability certification and plans to certify most of the nation’s output under its own standards by 2014.
Astra Agro Sells 10,500 Tons of Palm Oil at Auction
02/12/2011 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 10,500 metric tons of palm oil it offered at an auction in Jakarta today.
Indonesia’s PT Kharisma Sells 3,000 Tons of Palm Oil
02/12/2011 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 3,000 metric tons of the 21,200 tons of the commodity it offered at an auction in Jakarta today.
ICDX To Launch Palm Oil Contracts
02/12/2011 (Commodities Now Online) - The Indonesia Commodity and Derivatives Exchange (ICDX) has succesfully obtained approval to launch a Refined Bleached Deodorized Palm Olein (RBDP Olein) Futures Contract from the Commodity Futures Trading Regulatory Agency (COFTRA).
Shipping Activity at Port Qasim
02/12/2011 (APP): Shipping activity remained active at the Port where three ships carrying containers and Edible oil were allotted berths at Qasim International container Terminal and Liquid Cargo Terminal respectively on Wednesday, 30th Nov. Meanwhile six more ships scheduled to load/offload Containers, Rice and palm oil also arrived at outer anchorage of Port Qasim during last 24 hours .
Ministry To Probe 49 ‘Black’ Firms
02/12/2011 (Jakarta Post) - The Environment Ministry has classified 49 companies as “black†for operations that neglect environmentally friendly standards.
Indonesian Ministry of Forestry Partners with Private Sector to Support Orangutan Foundation International
02/12/2011 (National Post) - The Indonesian Ministry of Forestry, with the support of PT SMART Tbk (SMART) and Asia Pulp & Paper Group (APP), announced a landmark partnership with Orangutan Foundation International(OFI) to create a two-year conservation programme geared towards the protection of orangutans, one of the more endangered animal species in the world.
