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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
P&G May Build Oleochemical Plant To Secure Future Supply
24/05/2011 (Jakarta Post) - American consumer goods giant Procter & Gamble Company (P&G) is exploring opportunities to invest in Indonesia’s downstream palm oil industry to ensure a sustainable supply for its fatty alcohol needs.
Budget Should Be Business-Friendly
24/05/2011 (The Nation) - Famous industrialist, chairman Pakistan Edible Oil Refiners Association (PEORA) and former president Faisalabad Chamber of commerce and industry Mian Muhammad Hanif has proposed to the federal government some suggestions for the upcoming federal budget 2011-12 that levy withholding Tax on Imported Edible Oils in the PTR Mode. “The structure of income tax applicable on Edible Oil and Vegetable Ghee industries before 30th June 2009 would be as on import of raw material at 2% us 148(8) and as final discharge of liability.â€
Bridge of Hope For Orang Utan
24/05/2011 (The Star) - The state Wildlife DepartÂment and several NGOs have combined forces to repair a rope bridge across the Sungai Takala to enable the orang utan to move about in Sabah’s east coast lower Kinabatangan region.
KLK on The Lookout For Potential Buyers
24/05/2011 (Borneo Post) - Kuala Lumpur Kepong Bhd (KLK) will continue to be on the lookout for buyers for its non-core businesses, which include its parquet, soap, nutraceuticals and rubber gloves operations, although the group admitted that it is not easy to find buyers at the ‘right’ place.
ITDA To Undertake Oilpalm Cultivation
24/05/2011 (IBN Live) - With the Integrated Tribal Development Agency (ITDA) deciding to go for oilpalm cultivation for the first time in the State, the tribal welfare department has started identifying the potential places in agency areas of the district.
By Barcoding Trees, Liberia Looks to Save its Rainforests
24/05/2011 (Yale Environment 360) - Nearly two-thirds of West Africa’s remaining rainforests are in the small but troubled nation of Liberia. That is a small miracle. A decade ago, Liberia’s forests were being stripped bare by warlords to fund a vicious 14-year civil war that left 150,000 dead. In 2003, the United Nations belatedly imposed an embargo on Liberian “logs of war.†Revenues crashed and, coincidentally or not, the war swiftly came to an end.
CPO Prices Expected to Continue Uptrend This Week
23/05/2011 (The Star) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to continue the uptrend this week driven by positive sentiments from the external market and export data.
Plantations in The Spotlight
23/05/2011 (Business Times) - Plantation stocks are in the limelight this results season as companies, large and small, almost double profits on higher crude palm oil (CPO) prices.
Palm Oil Price May Decline 30% This Year as Supply Gains, RBS Analyst Says
23/05/2011 (Bloomberg) - The price of palm oil may decline as much as 30 percent this year as supply increases, putting pressure on producers including Golden Agri Resources Ltd., the Royal Bank of Scotland Group Plc (RBS) said in a report.
