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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
Palm oil price crash spells misery for SEAsian farmers
23/11/2008 (AFP), Kuala Lumpur - The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees.
Veg oil: Sinking to new lows
24/11/2008 (The Economic Times) - It is said that food is recession-proof. However, if the recent weakness in vegetable oil prices is considered, the above statement may not seem to be as true as it sounds. For an investor in the vegetable oil market currently, the clock has turned three years back to ’05, when the early signs of a boom in the commodities market were just beginning to show. The rally, which took three years to build, fizzled out in barely three months.
Palm oil imports to rise on tax
24/11/2008 (Business Standard) - India, the world’s biggest buyer of vegetable oil after China, may increase palm oil imports after the government imposed a tax on purchases of crude soybean oil, the main substitute product, a trade body said.
Palm oil to show no big changes
22/11/2008 (Commodity Online) - Fundamental Analysis: MCX CPO futures closed higher on account of Government of India allowed to exporting of edible oil in small branded packages of 5 kg with immediate effect.
Malaysian palm oil slides 5.6%
22/11/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures tumbled 5.6 percent on Friday following a sharp sell-off in US crude oil, traders said.
Palm Oil\'s Environmental Cost
24/11/2008 (Asia Sentinel) - Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces trouble.
Foreign buyers of palm oil having difficulty getting LCs
22/11/2008 (The Star Online), Petaling Jaya - Malaysian crude palm oil (CPO) exporters are in a quandary as the global financial crisis and the plunge in CPO prices have made it difficult for foreign importers to obtain letters of credit (LCs).
World Bank arm to aid palm oil growers
22/11/2008 (Business Times, Malaysia), Singapore - The International Finance Corp (IFC), the World Bank’s investment arm, said it will help lenders in Indonesia to finance small-scale oil palm growers to encourage so-called sustainable practices and forestall climate change.
Oil supply fast depleting
21/11/2008 (The Star Online) - OIL is the lifeblood of the transport sector the world over. Malaysia’s transport sector too is heavily dependent on oil as 95% of the fuel used is petrol and diesel.
