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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
Focus on hard assets; energy may remain volatile with upwards bias in near term
31/01/2011 (Daily News & Analysis) - The markets witnessed a lower turnover week (higher if the pro-rata adjustment for a holiday is made) as the traders displayed a return bias towards safe haven buying in bullion.
Scientists to document impact of converting rainforest into oil palm plantations
30/01/2011 (Mongabay.com) - Scientists have partnered with one of the world's largest palm oil producers to measure the impact of converting tropical forest into an oil palm plantation, reports Nature News.
Imports far short of needs
29/01/2011 (Bangkok Post) - The Commerce Ministry will seek cabinet permission to import another 100,000 tonnes of crude palm olien to further ease the domestic shortage.
Malaysian Has Good Track Record In Sustainable Development
29/01/2011 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak said Malaysia has a good track record where it comes to sustainable development compared to other countries, despite negative perceptions of certain global quarters when it came to the country's palm oil activity practices.
Biofuel and gold producers named and shamed
28/01/2011 (Swiss Info.ch) - Finnish biofuel specialist Neste Oil and the AngloGold/Ashanti mining company have been given Public Eye Awards in Davos for social and ecological irresponsibility.
Imported RBD palm oil to be sold in market next week
28/01/2011 (Mcot), Bangkok - Thirty-thousand tonnes of RBD refined palm oil (refined, bleached and deodorised) which the government ordered earlier were imported from Malaysia to be sold in the Thai market next week, according to the director-general of the Internal Trade Department.
Greening the world with palm oil?
26/01/2011 (Mongabay.com) - The commercial shows a typical office setting. A worker sits drearily at a desk, shredding papers and watching minutes tick by on the clock. When his break comes, he takes out a Nestle KitKat bar. As he tears into the package, the viewer, but not the office worker, notices something is amiss—what should be chocolate has been replaced by the dark hairy finger of an orangutan. With the jarring crunch of teeth breaking through bone, the worker bites into the “bar." Drops of blood fall on the keyboard and run down his face. His officemates stare, horrified. The advertisement cuts to a solitary tree standing amid a deforested landscape. A chainsaw whines. The message: Palm oil—an ingredient in many Nestle products—is killing orangutans by destroying their habitat, the rainforests of Borneo and Sumatra.
Palm Oil Demand Declines Ahead of Lunar New Year
26/01/2011 (Jakarta Globe) - Palm oil declined for a second straight day on expectations that export demand from China, the world’s biggest user of cooking oils, may slow ahead of next week’s Lunar New Year holiday after buyers completed purchases.
Palm oil giant Sime Darby ventures into Africa
26/01/2011 (AFP), Kuala Lumpur – Malaysia's Sime Darby, the world's largest listed palm oil producer, said Wednesday it will make its first foray into Africa, with plans to establish plantations in Liberia in April.
