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A delicate balance for biodiesel mandate
Malaysia plans phased expansion of biodiesel programme, minister says
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
Malaysia's palm oil stocks seen to drop further to 2.24mil tonnes in April
Malaysia\'s IOI Corp Unit To Buy Palm Oil Land For 830 Mln Rgt
29/07/2011 (Reuters) - Malaysian planter IOI Corporation Berhad said on Thursday that its subsidiary would buy 11,977.91 hectares of oil palm plantation land for 830 million ringgit ($282 million) to boost its land bank.
Malaysia No Longer Cheap Labour Destination For Oil Palm Sector
29/07/2011 (Bernama) - Malaysia as a whole, and Sabah in particular, are no longer destinations for cheap labour in the oil palm sector, said state Industrial Development Minister, Datuk Raymond Tan Shu Kiah.
KL Needs 40,000 Farm Workers
29/07/2011 (Manila Buletin) – Authorities here told visiting officials from the Autonomous Region in Muslim Mindanao (ARMM) that Malaysia’s Federal Land Development Authority (FELDA) is in need of some 40,000 workers in its expanding palm oil farms, and that Filipinos are given preference.
IOI To Buy Oil Palm Estate For RM830m
29/07/2011 (The Star) - IOI Corp Bhd, through an indirect wholly-owned subsidiary, Sri Mayvin Plantation Sdn Bhd, has proposed to acquire 11,977.91ha of oil palm plantation land in Sabah from Pertama Land & Development Sdn Bhd for RM830mil.
Indonesia Stocks: Bank Bukopin, Garuda Indonesia, Verena Multi
29/07/2011 (Bloomberg) - Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses, and prices are as of 4 p.m. Jakarta-time close.
AIC, Jotech and AutoV Set To Merge Via Share Swap
28/07/2011 (The Star) - The proposed merger of AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd will be done via a share swap that would be priced at a slight premium over the last traded market prices of all three companies, a source close to the deal said.
Malaysian Palm Oil Chief Hits Out At Orang Utan Treatment At Melbourne Zoo
28/07/2011 (Bernama) - Malaysian Palm Oil Council's chief executive Tan Sri Datuk Dr Yusof Basiron has lashed out at the treatment of orang utans at the Melbourne Zoo here, describing it as deplorable and a disgrace.
Palm Oil Advances for Second Day on U.S. Soybean Crop Concerns
28/07/2011 (Bloomberg) - Palm oil climbed for the second day on speculation that worsening soybean crop conditions in the U.S. may boost demand for the tropical oil.
Surging Profits Indicate Palm Oil Sector on Track
28/07/2011 (Jakarta Globe) - Plantation companies including Astra Agro Lestari and BW Plantation reported a surge in first-half profits, suggesting other producers of crude palm oil are likely to meet or exceed analysts’ estimates.
