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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
EU Help On Conservation Lauded
28/03/2011 (Daily Express) - Datuk Seri Musa Aman said he is satisfied with the assistance provided by European Union member states towards Sabah's conservation efforts.
A Shot In The Arm For CSPO
23/03/2011 (The Star) - The upscale revamp of Kuala Lumpur-based Roundtable on Sustainable Palm Oil (RSPO) secretariat, under the stewardship of new secretary-general Darrel Webber, is poised to better position the certified sustainable palm oil (CSPO) initiative to attain more credence and expanded market penetration worldwide.
Investing in Palm Oil Plantation.
28/03/2011 (BusinessDay) - Palm oil is native to West Africa. Nigeria used to be the world’s largest producer of oil palm before the oil boom era, but Malaysia has now taken the leading position. Oil palm plantation and allied industries is now the main stay of the Malaysian economy. The palm tree can be used in various ways: the leaves are used in making brooms and for roofing materials (in the rural areas). The bark of the fond can be peeled and woven into baskets, the main trunk can be split like sawn timbers and used as part of building materials, while palm wine can also be obtained from the palm tree, as well as red palm oil, which is readily obtainable from the fresh fruit bunches.
‘Abolish Windfall Tax’ Call
25/03/2011 (The Star) - The plantation sector, one of the most heavily-taxed sectors in the country, is urging the Government to seriously re-consider abolishing or reviewing the imposed crude palm oil (CPO) windfall profit tax (WPT) for the sector.
S’wak Needs 1.5 Million Workers To Sustain Growth And Development
25/03/2011 (The Star) - A WORKFORCE of around 1.5 million is needed to support growth and development in Sarawak, said Deputy Home Minister Datuk Wira Abu Seman Yusop.
Soyabean Rises on Short Covering
25/03/2011 (Commodity Online) - NCDEX April soyabean futures ended in green on short covering after yesterday’s sharp falls. Delayed harvesting of Brazil’s crop due to due to continuous rain also favored to the bulls. A private forecast for soyabean planted area to come in at 75.269 million acres was seen as supportive as the latest USDA Outlook Forum estimates called for soyabean planted area at 78 million acres as compared with 77.4 million last year. While the USDA outlook forum supply/demand outlook showed ending stocks for the 2011/12 season at 160 million bushels, if plantings are only 75.3 million acres, ending stocks would slip to just 49 million bushels.
Nigeria: NEPC, World Bank Sign MOU ou for Five States
25/03/2011 (AllAfrica.com) - The Nigerian Export Promotion Council (NEPC) has signed a Memorandum of Understanding (MoU) with the World Bank in line with its Commercial Agriculture Development Project (CADP) for five states.
Morning Markets: Corn Drops, Amid Doubts Over Export Report
25/03/2011 (Agrimoney.com) - It's a big day. Well, it could be. OK, latest thinking is that there is only an outside chance.
Palm Oil To Stay At 47 Baht
24/03/2011 (Bangkok Post) - Retail prices of cooking palm oil will remain at 47 baht a litre despite the easing in raw material costs because of the fear of price fluctuations, says the National Palm Oil Policy Committee.
