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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
Palm Oil May Extend Decline on ‘Global Meltdown,’ Bajoria Says
10/08/2011 (Bloomberg) - Sandeep Bajoria, chief executive officer of Sunvin Group, comments on the outlook for palm oil after prices dropped to a nine-month low today.
Cooking Oil Supply Increased For Festive Season
09/08/2011 (Bernama) - The Malaysian Palm Oil Board (MPOB) has increased supply of cooking oil to suppliers and wholesalers nationwide by 10 per cent for the fasting month and coming Hari Raya Aidilfitri celebrations.
Head-on Collision Between Palm Oil Certifications
09/08/2011 (The Star) - Talks about Malaysia introducing its own sustainable palm oil certification scheme have surfaced many times. But now they could become a reality following the recent directive by the Government for local oil palm authorities to work together to formulate a draft on the Malaysia Sustainable Palm Oil (MSPO) certification.
Palm Oil Deal Glare on Chandy
09/08/2011 (Calcutta Telegraph): A vigilance court here today ordered investigation into Kerala chief minister Oommen Chandy’s role in a palm oil import deal when he was the finance minister in the K. Karunakaran government in 1992.
Opportunities as Palm Oil Companies Stay Resilient Despite CPO Crash
09/08/2011 (Commodity Online) - Despite the steep fall in CPO prices since the start of the year (-20%), palm oil companies have stayed relatively resilient. Macquarie Equities Research believes that equities are currently factoring in the CPO price of RM3, 100/t, in line with Macquarie’s 2012 forecast, but there is near-term downside risk to valuations.
MCX CPO Declines on Global Cues
09/08/2011 (Commodity Online) - Crude palm oil futures declined on Monday tracking weak global markets and on sluggish demand in the local markets.
Palm Oil Down on Global Growth Worries
09/08/2011 (Business Recorder) - Prices of vegetable oils in the European market fell on Monday on concerns about global economic growth following the United States credit rating downgrade, traders said. Improved weather conditions in the US also pressured the prices, traders said.
MPOC Says Palm Oil Unlikey to Fall Below M$3,000
09/08/2011 (UkrAgroConsult) - Malaysian palm oil futures are unlikely to fall below M$3,000 ($996) per tonne due to higher exports although the debt crisis in Europe and other parts of the world may affect some purchases, an industry official said today.
IOI Corp Leads Malaysian Planters Lower
09/08/2011 (Business Times) - IOI Corp fell the most in 30 months in Kuala Lumpur trading, leading a drop by Malaysian plantation companies after palm oil futures slumped for a third day to a one-month low.
