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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Cattle Rearing In Oil Palm Lands To Provide Dual Income For Farmers
27/12/2007 (Bernama) - The East Coast Economic Region (ECER) plans to integrate cattle rearing in oil palm lands will provide dual income to oil palm farmers and create 6,000 new job opportunities in the region, Malaysian Palm Oil Board (MPOB)'s director-general Datuk Dr Mohd Basri Wahid said Thursday.
Kerala move unlikely to improve coconut oil sales
27/12/2007 (live.mint.com) - Aban imposed on the import of palm oil through the ports in Kerala two days ago may not have much effect and is also unlikely to help raise consumption of coconut oil in the state, industry sources said.
Europe\'s Biodiesel Drive Sputters
27/12/2007 (The Wall Street Journal), Borken, Germany - The European Union's dream of using vegetable-based diesel fuel in cars to cut oil imports and the pollution that causes global warming is turning sour.
Palm oil import thru Kerala ports banned
26/12/2007 (The Hindu Business Line), Mumbai - Import of palm group of oils through any port in Kerala has been banned. A notification dated December 24, 2007 issued by the Director-General of Foreign Trade (under the Ministry of Commerce) has modified the import policy.
Pakistan third largest importer of palm oil
27/12/2007 (The Post, Pakistan), Islamabad - Pakistan imported 100,000 tons of palm oil by December 25 and emerged as the third-largest importer of the commodity.
Palm oil surges to new high on supply woes
27/12/2007 (The Economic Times), Kuala Lumpur - Malaysian palm oil surged to a record high on Wednesday, gaining close to 2%, as surging demand for food and fuel amid fears of falling production raised concerns about the supply outlook next year. And traders said prices of palm oil, used in products ranging from cosmetics and confectionaries to biodiesel, could rise further eary next year as fears of reduced soya plantings in the United States lift soybean prices to 34-year highs.
10,000 tonnes palm oil imported from Malaysia
27/12/2007 (The News International, Pakistan), Islamabad - Pakistan imported 100,000 tonnes palm oil till Dec 25 and emerged the third largest importer of the commodity.
CPO futures hit month’s high of RM3,030
25/12/2007 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures prices climbed to their highest in a month, supported by high global crude oil prices of above US$93 a barrel and rising wheat prices, which is expected to take acreage away from soybean farmers in the United States.
Vegetable oil prices surge to new high
26/12/2007 (Energy Current) - Palm and soybean oil prices surged to new record highs over the Christmas holidays in Malaysia and Chicago as surging demand for the use of vegetable oils in food and fuel outstrips demand, according to media reports. Palm oil for March contract was trading at MYR 3,080 (US$923.40) on the Bursa Malaysia Derivatives Exchange before sliding to MYR 3,078 (US$922.80) by noon on Dec. 25, surpassing the previous high of MYR 3,068 (US$919.80) in November. The record surge in palm oil prices is backed by a growing demand of the use of the vegetable in products ranging from cosmetics and confectionaries to biodiesel along with supply crunch from recent floods in Malaysia.
