|
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
Prices of Basic Commodities Starting to Stabilize, DTI Says
16/03/2011 (Manila Buletin) - From a seemingly endless price increases in the past two months, consumers are now assured of a respite as prices of basic goods are stabilizing including flour, cooking oil, milk and sugar.
Palm Oil Drops as Japan Quake Triggers Slump in Crude, Equities
15/03/2011 (Bloomberg) - Palm oil tumbled to the lowest level in more than three months on concern that Japan’s worst earthquake on record may slow global economic recovery, cooling demand for commodities.
Call to End EU Biofuel Perks
15/03/2011 (The Star Online) - Global environmental organisation Wetlands International has called for an end to incentives for biofuels in the European Union (EU).
Palm Oil Prices Fall After Japan Quake
15/03/2011 (The News International) - Malaysian palm oil futures reversed earlier gains on Monday, falling to a three and a half month low as investors sought safe-haven assets after last week’s earthquake in Japan, and easing unrest in the Middle Eastweighed on crude oil.
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.
