|
A delicate balance for biodiesel mandate
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
EU to Develop Downstream Palm Oil Industry
29/11/2010 (Vivanews.com) - The European Union announced their plan to form a joint venture on oleochemical products, crude palm oil's derivative. Following the plan, the EU are likely to set up a partnership with Indonesia in downstream industries which focus mainly on agricultural products.
Plantations on peatlands are huge source of carbon emissions
29/11/2010 (Mongabay.com) - Converting peatlands for wood-pulp and oil palm plantations generates nearly 1,500 tons of carbon dioxide per hectare, making these ostensibly \"green\" sources of paper, vegetable oil and biofuels important drivers of climate change, reports new research published by scientists at the Center for International Forestry Research (CIFOR).
Malaysian palm oil slips
27/11/2010 (Business Recorder) - Malaysian palm oil futures slipped on Friday as a stronger dollar prompted some profit taking although concerns over monsoon rains hurting output curbed losses. Strong China demand for US soyabeans, which are crushed into oils, supported vegetable oil markets amid the government's call for banks to support the agriculture sector facing shortages in corn and other crops.
USC increases cooking oil and ghee prices
27/11/2010 (Daily Times), Karachi - Despite falling rates of palm oil in the international markets, Utility Stores Corporation of Pakistan (USC) has announced yet another increase in ghee and cooking oil rates available at all its outlets, which came into effect from Thursday, November 25.
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.
