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CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm Oil Output Surge In Oct, CPO Price Could Hit RM4500 In Dec: MPOC
Palm oil consumption forecast to increase
Palm oil biodesel to save Vale $150 mln per year
24/06/2009 (Reuters), Rio De Janerio - Brazilian miner Vale will save an estimated $150 million in fuel costs starting in 2014 by producing its own palm-oil based biodiesel, the company said on Wednesday.
Indian trade body calls for import tax on veg oils
24/06/2009 (Reuters), New Delhi - India, the world\'s biggest vegetable oil buyer after China, should tax imports of cooking fat to check a surge in overseas purchases, a leading trade body said on Wednesday.
Palm Oil Down on New Recession Fears
24/06/2009 (Jakarta Globe), Kuala Lumpur - Palm oil futures tracked crude oil and soybeans lower on concern the global recession would slow demand for its use as food and fuel.
Indonesia’s current palm oil production far from target
24/06/2009 (The Star Online), Kuala Lumpur - Indonesia’s plan to achieve about 40 million tonnes of annual palm oil production by 2020 is still up in the air, says Indonesian Palm Oil Board (IPOB) vice-chairman Derom Bangun.
Increase productivity, planters told
24/06/2009 (The Star Online), Kuala Lumpur - Issues on European buyers’ reluctance to pay a premium price on certified sustainable palm oil, Malaysia’s stagnant palm oil yield, human capital, biofuel viability, food versus fuel debate, environmental and sustainability were the highlights at the 6th International Planters Conference (IPC 2009) yesterday.
Oil boom threatens the last orang-utans
23/06/2009 (The Independent) - Perched halfway up a tree near a bend in the Seumayan River, a young orang-utan lounges on a branch, eating fruit. In the distance, smoke rises from an illegal fire, one of dozens lit to wipe out the virgin rainforest and replace it with oil palm plantations.
UK firm plans to log habitat of critically endangered orangutan for palm oil production
23/06/2009 (Mongabay.com) - A Scottish firm has been implicated in funding a plan that would destroy the rainforest habitat of critically endangered orangutans in Sumatra.
Don: Efficient R&D crucial for palm oil to extend global presence
23/06/2009 (The Star Online), Kuala Lumpur - An efficient research and development (R&D) operation is crucial for palm oil to maintain and extend its global presence as the industry moves into increasingly uncertain environment wth economic dislocation and climatic changes.
Green and confused: palm oil
22/06/2009 (The Times) - Q I recently bought a bottle of cooking oil sourced from palm oil. It tastes fine and the label says it’s healthy and comes from environmentally sustainable plantations. But there has been a lot of adverse publicity about such oils — what should I believe?
