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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
Cooking Fat Manufacturers Race to Avert Shortage After Ship is Hijacked
13/05/2011 (Business Daily Africa) - Cooking oil manufacturers are racing to avert an impending shortage in the region following the hijacking by pirates of a ship carrying palm oil – a key ingredient used in manufacture of the product.
JTOP, GPCS Sign Agreement to Reduce Greenhouse Gases
13/05/2011 (The Borneo Post) - JT Oil Palm (JTOP) Development Sdn Bhd signed a biogas Clean Development Mechanism (CDM) project agreement with GenPower Carbon Solutions LP (GPCS) yesterday to create sustainable development.
Council To Counter Negative Publicity On Palm Oil To Be Operational By Year-End
13/05/2011 (Bernama) - The European Palm Oil Council (EPOC) is expected to be operational by year-end, said Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok.
CPO Price Will Likely Be Above RM3,000 in Q2
12/05/2011 (Daily Express) - The crude palm oil (CPO) price is expected to trade above RM3,000 per tonne in the second half of this year despite falling commodity prices following a slowdown in global economic growth.
Palm Oil Attracts State Farmers
12/05/2011 (Deccan Chronicle) - An increasing number of farmers in Kerala are shunning traditional paddy cultivation and are instead taking to oil palm cultivation as it is more profitable, thanks to the subsidies given to them and the prevailing high prices in the market.
Empowering Smallholders ‘Key to Output’
12/05/2011 (Jakarta Post) - The Indonesian palm oil industry can increase its output by enhancing the productivity of smallholder plantations through intensification programs, an association executive says.
Palm Oil Use Increasing
12/05/2011 (Ceylon Daily News) - Use of palm oil in the country has rapidly increased due to the increase of coconut oil prices with the coconut shortage in the country, said Coconut Research Institute Acting Director Dr Jayantha Gunathilake. He said that there is a huge price difference between coconut oil and palm oil now. The price of coconut oil has increased also because of the high demand for it in the international market, he added.
Ecofuture Trading Suspended
12/05/2011 (The Star) - Trading in ACE Market-listed Ecofuture Bhd’s shares will be suspended from May 10 until further notice due to the company’s failure to submit its audited accounts for the financial year ended Dec 31, 2010.
CPO Futures Continue Uptrend on Bursa
11/05/2011 (The star) - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives (BMD) continued to close on a positive note despite the higher palm oil production and stock figures for April released by the Malaysian Palm Oil Board (MPOB) yesterday.
