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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
KLK prepares safety net to ride tough times
17/12/2008 (The Star Online) - The current regime of low palm oil prices presents a challenge to oil palm players. Kuala Lumpur Kepong Bhd group plantations director Roy Lim Kiam Chye says it is reviewing its budgets to tighten both capital and operational expenditures to conserve cash.
Edible oils free flow despite duty correction
17/12/2008 (The Economic Times), Bangalore - India has reported imports of 3.31 lakhtonnes of refined edible oils during the first two months of the ongoing oil year (the oil year runs from November to October). “The imports of such huge quantities of refined edible oils comes as a surprise as the Union government has slashed the import duty on crude edible oils, notably crude palm oil to zero while crude soya oil still attracts a 7.5% duty,†trade sources told ET.
Measures to stop palm oil price slide: Chin
16/12/2008 (Daily Express, Sabah), Kota Kinabalu - Strategic actions and measures have been formulated for immediate implementation to help stop the decline in palm oil prices and for the industry to remain viable and competitive, said Plantation Industries and Commodities Minister, Datuk Peter Chin.
RI appreciates int`l efforts to raise environment issues
16/12/2008 (ANTARA News), London - Director General for American and European Affairs of the Foreign Ministry, Retno LP Marsudi, said the government appreciated international efforts to make environmental issues the mainstream in the economic policies of the countries in the world.
Vegoil imports rise 30% in Nov on lower global prices
15/12/2008 (The Hindu Business Line), Chennai - Vegetable oil imports increased 30 per cent in November compared with the same period a year ago, as prices in the global market continued to decline. However, a feature of the import scenario was that not a single tonne of either degummed (crude) soyabean oil or refined soyabean oil was imported during the month.
Lucrative palm oil crop putting red apes in danger
15/12/2008 (Thestar.com) - Kesi's name could not be more fitting. It means "child born in difficult times." Kesi was given the Swahili name at a rescue centre on whose doorstep she arrived at just 3 months old. Her mother had been killed by machetes. Kesi survived the attack but lost her left hand and received a deep wound on her foot.
Zambia: Zampalm invests in palm oil plantation
15/12/2008 (The Zimbabwean) - ZAMPALM, a newly created subsidiary of Zambeef Products, has invested K7.5 billion on its palm oil plantation in Mpika part of its US$41 million total investment earmarked for palm oil production which would include setting up a processing mill.
Nigeria: Excise Duty On Soaps - What Game Plan?
15/12/2008 (All Africa.com) - The recently announced introduction of excise duty of five per cent on soaps and detergents, in addition to the existing VAT of five per cent would have adverse effect on the industry generally.
Yusoff: YB misguided on palm oil sector woes
15/12/2008 (Daily Express News), Kota Kinabalu: State Finance Ministry Permanent Secretary Datuk Yusoff Kassim hit out at Sri Tanjung Assemblyman Jimmy Wong for claiming that the State Government under Chief Minister Datuk Seri Musa Haji Aman has not done anything to address problems affecting oil palm smallholders in the State.
