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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
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
CPO futures end mostly higher on soybean oil gains
Indonesia sees palm oil output up 5.3 pct in 2011
31/12/2010 (Forex Yard) - Indonesia expects output of key plantation crops, including palm oil and rubber, to increase next year on the back of expanded acreage, improving yields and expected good weather, a senior agriculture official said on Thursday.
Indonesia picks Borneo for forest preservation plan
31/12/2010 (AFP), Jakarta – Indonesia has chosen its Borneo island to conduct a pilot project aimed at cutting greenhouse gas emissions from deforestation, as part of a deal with Norway, an official said Thursday.
Cooking oil/ghee prices shoot up Rs 20 per kg within five days
30/12/2010 (Business Recorder) - The cooking-oil/ghee manufacturers have increased the price of good quality product like Dalda, Sufi and Habib by Rs 20 per kg and normal quality by Rs 10 per kg within short span of five days, wholesale market traders revealed. Traders at Gunj Mandi Rawalpindi told Business Recorder that one month earlier 5 kg tin of better quality cooking oil was being sold at Rs 810 and 2.5 kg at Rs 420, which are at present being sold at Rs 860 and Rs 440 respectively.
Oil Palm Plantations Expand on Degraded Land in Amazon
30/12/2010 (IPS), Belem, Brazil - Brazil hopes to eventually become a major producer of palm oil, thanks to the expansion of this new exotic monoculture crop in the eastern Amazon jungle, where eucalyptus plantations are also mushrooming on broad swaths of already deforested land.
Palm Oil Ends 2010 at Highest in 15 Years on Vegetable Oil Supply Outlook
30/12/2010 (Bloomberg) - Palm oil futures advanced, ending 2010 at the highest annual closing price in at least 15 years, on concern global supplies of cooking oils will tighten after rains disrupted harvesting in Indonesia and Malaysia.
Indonesian climate official: palm oil lobbyist is misleading the public
29/12/2010 (Mongabay.com) - Alan Oxley, a lobbyist for industrial forestry companies in the palm oil and pulp and paper sectors, is deliberately misleading the public on deforestation and associated greenhouse gas emissions, said a top Indonesian climate official.
When palm oil cultivation is no longer attractive
30/12/2010 (The Hindu) - On the National Conference on Oil Palm at Vijayawada in Andhra Pradesh (the largest producer in the country), Mr. M.C. Rao, palm oil farmer, Gajapati district, Orissa, stated, “Just like several Government agricultural departments, officials at the conference painted a false, bright, and positive picture about the prospects of the oil palm plantation for farmers taking up this cultivation.â€
2010 Review: Crude Palm Oil Sector Set for Bigger Things Ahead
29/12/2010 (Jakarta Globe) - After years of playing second fiddle to Malaysia, Indonesia has now firmly established itself as the world’s biggest producer of crude palm oil. With production capacity of 19 million tons, this position is unlikely to be challenged going forward.
Malaysia targets palm oil to biofuel potential
29/12/2010 (Business Green) - Sime Darby Plantation and Mitsui Engineering and Shipbuilding will form a joint venture to construct and operate a bioethanol demonstration plant in Malaysia, according to a statement released by the firms this week.
