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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
REA welcomes palm oil price recovery
01/05/2009 (SHARECAST), London - Palm oil producer R.E.A. Holdings said the crop of oil palm fresh fruit bunches harvested to the end of April was marginally below the budgeted level but ahead of the previous year’s level.
Planters to urge Govt to repeal windfall levy
01/05/2009 (The Star Online) - KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA), which represents the country’s plantation industry, will appeal to the Government to consider repealing the Windfall Profit Levy Act 1998.
Economic woes may damage moves to slow deforestation
28/04/2009 (Reuters), Kuala Lumpur/Jakarta - Growing economic pain may increasingly force consumers to turn to palm oil, one of the cheapest cooking oils, a move that could scupper nascent plans to slow deforestation in Southeast Asia.
Malaysia-Indonesia Commodities Pact To Include Jatropha
28/04/2009 (Bernama), Kota Kinabalu - Malaysia and Indonesia will explore amending the existing memorandum of understanding (MoU) on bilateral cooperation on commodities to include jatropha, besides the existing areas of palm oil, cocoa and pepper.
Premium red cooking oil that has natural carotenes
28/04/2009 (Food and Beverage News) - Carotino India Pvt. Ltd has launched its antioxidant rich premium red cooking oil 'Carotino' in Maharashtra which the company claims is the first and only cooking oil in India that has natural carotenes.
Russia Resets Zero Tariff on Tropical Oils to June
28/04/2009 (Reuters), Moscow - Russia, because of red tape, has reset a zero tariff on tropical oils to June 1, after which it is expected to rise to 10 percent of the customs value, the government said on Monday.
Lifting the ban on importation of palm oil
28/04/2009 (The Guardian) - AT a time when the world is facing a chronic financial recession and world leaders are thinking of ways to improve the well-being of their suffering citizens through job creation and increased business opportunities is the same time, Nigerian leaders on the other hand find it pertinent to lift the ban on importation of palm oil, a commodity which has proven to be a prolific revenue earner and job creator. Obviously those clamouring for the lift of this ban do not know the value of the oil palm crop. The single crop can literally lift a developing country out of poverty all by itself. The most famous example of this is of course Malaysia, the world's largest palm oil producer. In the early years after independence from Britain, the country was still very much an underdeveloped, poor nation, with per capita incomes of less than US$ 400 per year (in 2005 dollar terms).
Sabah\'s Plantation Industry Must Improve Efficiency
28/04/2009 (Bernama), Sandakan - Sabah's plantation industry should make use of better technology and planting materials to improve efficiency and productivity.
Liberia: U.S.$800 Million Dollar Concession Agreement Signed for the Rehabilitation And Expansion of the Guthrie Rubber Plantations
30/04/2009 (All Africa), Monrovia — President Ellen Johnson Sirleaf has signed a US$8-hundred million dollar Agriculture Concession Agreement for the rehabilitation and expansion of the Guthrie Rubber Plantations. The project is to be undertaken by the Sime Darby Company of Malaysia.
