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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Palm oil importers reassured
13/06/2009 (The Star Online), Petaling Jaya - The Malaysian Palm Oil Board (MPOB) has assured importers of palm oil from Malaysia that only the highest quality palm oil is being exported.
Biodiesel adds 5.4% to RPC sales
13/06/2009 (Bangkok Post) - SET-listed Rayong Purifier Plc (RPC) expects its new biodiesel operation to lift its sales this year by 5.4% to 23.2 billion baht, up from 22 billion last year.
Palm-Oil Firm Postpones Bond Issue on Regulatory Concerns
12/06/2009 (The Jakarta Globe) - Palm oil producer PT Gozco Plantation has delayed an Rp 500 billion ($49.5 million) bond issue amid regulatory concerns over the size of the transaction in relation to the company’s revenue and total capital, an executive said.
Palm oil stocks rise on higher production
11/06/2009 (The Star Online), Petaling Jaya - Malaysia’s palm oil inventory at end-May rose 5.72% to 1.37 million tonnes from a 22-month low of 1.29 million tonnes in April, mainly due to higher production.
Red palm oil does keep the doctor away
11/06/2009 (NST Online), Kuala Lumpur - We like to think that all fats are bad. But Carotino Sdn Bhd executive director U.R. Unnithan will tell you that a tablespoon of red palm oil a day helps keep the doctor away.
Greenpeace: biodiesel demand has varied impact on tropical deforestation
11/06/2009 (Biodiesel Magazine) - In July 2006, after Greenpeace International authored a report claiming that soya farming was the leading driver of Amazon deforestation, ADM, Cargill and other members of Brazil’s vegetable oil and grain exporting industries “agreed to a voluntary moratorium on trading soy harvested from newly deforested areas in the Amazon biome for a period of two years,†said Bunge Ltd. in a company statement. “The intent was to relieve pressure on the Amazon biome, so work could be undertaken by government, industry, farmers and environmental groups to ensure its long-term protection.†The moratorium is scheduled to end in July after the original agreement was extended last year.
Palm trees to oil farmers’ pockets
10/06/2009 (Daily Monitor) - Five years ago, some farmers in Kalangala District defied critics and planted palm trees on their land. They are about to reap from the risk they took.
FBD: India’s Vegetable Oils Import Up by 64%
09/06/2009 (Food Biz Daily) - India’s vegetable oils for first six months of the oil year 2008-09 shows an unusual increase by 64% to 4,292,088 tons from 2,611,829 tons for the same period of last year. Import during April, 2009 became double and is reported at 699,396 tons compared to 347,332 tons for April, 2008.
Recession forcing Europeans to opt for cheaper non-certified palm oil
09/06/2009 (The Star Online) - THE issue on the Roundtable on Sustainable Palm Oil (RSPO) certified palm oil not being able to fetch a good premium price in Europe has become fodder for constant debate lately.
