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Palm oil consumption forecast to increase
CPO Reference Price Falls 3.9 Percent in December 2025
Palm oil inventories to stay elevated next year
Palm Oil Extends Slide as Stronger Ringgit, Rising Stocks Pressure Prices
RM14 Million Subsidy for Oil Palm Replanting Scheme
15/03/2011 (The Borneo Post) - An initial allocation of about RM14 million had been approved by the federal government for subsidising oil palm planting scheme in the state.
Nigeria Can Generate N7.5b From Oil Palm Exports, Says RMRDC DG .
15/03/2011 (Nigerian Compass) - Oil palm exports have been described as another potential source of revenue for the country. It is believed that it could generate over $50m (about N7.5 billion) in foreign exchange yearly. This is at a time the Federal Government expressed commitment to the revival of the oil palm industry.
Government Price Controls and Hoarding Impact Thailand Food Shortages
15/03/2011 (Channel News Asia) - Thailand faces shortages of staples as the global cost of food skyrockets; the country faces shortages of cooking oil and sugar due to government price controls and hoarding.
Palm Futures to Consolidate Further
14/03/2011 (Business Times) - Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to consolidate further next week amid uncertainties in the global market, dealers said.
Honeywell Unit to Design First Bio-oil Plant
14/03/2011 (The star Online) - Premium Renewable Energy (M) Sdn Bhd confirmed that it has selected US-based Envergent Technologies LLC, a Honeywell unit to undertake the engineering design for the first bio-oil plant in Malaysia that will use Envergent’s RTP (Rapid Thermal Processing) technology to convert palm biomass into renewable heat and electricity.
A review on regional markets
14/03/2011 (Borneo Post Online) - In January, I spoke in a Bursa Malaysia seminar on the market forecast of regional indices and outlook of Malaysia markets. The contents covered the imminent threat of global inflation on food and energy prices. Other pointers highlighted to the audience were the necessity to hedge into Crude Palm Oil (CPO) while shaving the equity portfolio.
FG Plans Oil Palm Revival, Targets N7.5bn From Exports.
14/03/2011 (Nigerian Compass) - The Federal Government said on Thursday that it was committed to the revival of the oil palm industry, which it added could generate over $50m (about N7.5bn) in foreign exchange every year.
Coconut Production to Increase
14/03/2010 (Daily News) - Sri Lanka is expected to record an increase in the coconut production in this year as a result of favourable rainy conditions in the country along with the fertilizer subsidy granted by the Treasury for coconut cultivation.
Uncertain Year for Palm Oil
11/03/2011 (The Star Online) - Divergent views on crude palm oil (CPO) price forecasts ranging from RM2,250 to RM4,100 per tonne this year, amid uncertainties in crude oil prices and changes in biodiesel mandates, will compel planters to be more vigilant in their operations.
