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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
Palm oil prices face pressure in 2011 from output
28/11/2010 (Business Recorder) - Malaysian palm oil should fall to 2,600 ringgit ($830) by June 2011 on higher output in Southeast Asia and a decent soy crop but the pace of decline will be slower than the market expects, thanks to unusually low stocks, a key analyst said on Friday.
Malaysia’s Sime Back in Profit After Cost Overruns
26/11/2010 (Bloomberg) - Sime Darby Bhd., the world’s biggest publicly traded palm oil producer, reported a profit for the three months to September after two quarterly losses caused by write-downs from project overruns.
Palm prices face pressure in 2011: Fry
26/11/2010 (Business Times) - Malaysian palm oil should fall to RM2,600 by June 2011 on higher output in Southeast Asia and a decent soy crop but the pace of decline will be slower than the market expects, thanks to unusually low stocks, a key analyst said today.
Commodity hedging boosts China\'s oils & fats sector
25/11/2010 (China Economic Net) - With the development of economic society, China's oils & oilseeds industry is undergoing profound changes: in market scale, China's oils & oilseeds market continues to expand steadily, in the year of 2010/2011, the total edible oil consumption in China reached 24.75 million tons, and the supply and consumption of soybeans in 2010 reached 66.8 million tons and 64.19 million tons respectively; in consumption structure, the bean oil consumption accounts for 40 percent, palm oil 24 percent and rapeseed oil 16 percent; in import and export trade patterns, in recent years China has become a major importer of oils & oilseeds. In 2009, edible vegetable oil directly imported reached 9.5 million tons, accounting for 41 percent of total consumption; moreover, the National Grain and Oils Information Center gave a forecast that in the year of 2010/2011, the soybean import is expected to reach 52 million tons, which will hit a new record high. In the Fifth China International Oils and Oilseeds Conference held the other day, Liu Xingqiang, General Manager of Dalian Commodity Exchange, particularized a set of data, which were attached importance to by relevant people in the industry.
New Britain prepares to sell into palm oil rally
25/11/2010 (Agrimoney) - New Britain Palm Oil revealed plans to cash in further on the palm oil rally as the sustainable plantations group unveiled a 42% jump in profits for the first nine months of the year.
Indonesia’s Tiga Pilar Plans $175 Million Palm Oil Expansion
25/11/2010 (Bloomberg) - PT Tiga Pilar Sejahtera Food, an Indonesian producer of dried noodles, may spend $175 million to plant oil palm trees and buy a plantation company in Sumatra to tap growing demand for the commodity.
Indonesia\'s forest protection plan at risk, says report
25/11/2010 (Mongabay.com) - ndustrial interests are threatening to undermine Norway's billion dollar partnership with Indonesia, potentially turning the forest conservation deal into a scheme that subsidizes conversion of rainforests and peatlands for oil palm and pulp and paper plantations, logging concessions, and energy production, claims a new report from Greenpeace.
Time to Clean Up Our Homes and Cosmetics: GreenPalm Urges Businesses and Consumers to Join the Drive for Sustainable Palm Kernel Oil
24/11/2010 (Benzinga.com) - GreenPalm is urgently calling on the household and personal care industry to support the sustainable production of palm kernel oil, a common ingredient in cosmetics and home care products.
Singapore Exchange Welcomes Palm Oil Giant Mewah International Inc
24/11/2010 (Mondovisione) - Singapore Exchange today welcomed the listing of Mewah International Inc (“Mewahâ€), one of the largest palm oil processors in the world by capacity and the second largest in Malaysia, on the Mainboard under the ticker symbol of “Mewahâ€.
