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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
Price discount boost for CPO
21/11/2008 (The Star Online) - The current large discount in the crude palm oil (CPO) price of US$300 to US$330 per tonne against soybean oil will further boost local palm oil exports in the next six months, but CPO price will remain depressed due to high stockpiles, analysts said.
Blessing in disguise for edible oil refiners
20/11/2008 (Business Standard) - The edible oil industry has seen a growing number of import defaulters, but domestic refiners are not worried. Processing margins have in fact doubled to 4 per cent in the past one year with most fly-by-night operators exiting the industry.
Jakarta: Palm oil drive to continue
20/11/2008 (The Malaysian Insider), Jakarta - The Indonesian government has defended the country's drive to expand oil palm cultivation, resisting demands by environmentalists who say it is destroying the country's natural forests and peatlands.
Sime Darby signs palm oil JV in China
20/11/2008 (The Star Online), Kuala Lumpur - Plantation heavyweight Sime Darby Bhd is making its first foray into the downstream palm oil business in China via the setting up of a joint venture (JV) company with Dongguan Sinograin Oils & Grains Company Ltd.
Sampoerna Agro sees falling palm oil output
20/11/2008 (The Jakarta Post) - Publicly listed plantation company PT Sampoerna Agro expects its palm oil fresh fruit bunches (FFB) production to decline by 23 percent this year, compared to last year, but is optimistic production will grow again next year, an executive says.
Duty hike on soybean oil to help more palm imports
20/11/2008 (The Financial Express) - India's palm oil imports, which already constitute more than 80% of the total edible oil imports, could rise further after the Central government imposed a customs duty of 20% on crude soybean oil thereby making the already costly soy oil more dearer, traders and industry representatives said.
FOCUS-Edible oil cos battle supply glut, await import duty
19/11/2008 (Reuters), Mumbai - Indian edible oil makers, reeling from a supply glut and low prices due to a surge in imports, are hoping to beat a likely imposition of import duty by the federal government and cash in on a possible price hike.
Slower growth for Malaysia palm oil output in 2009
18/11/2008 (Business Times, Malaysia), Hamburg - Malaysia’s 2009 palm oil output will rise only marginally following years of rapid growth, Hamburg-based oilseeds analysts Oil World said yesterday.
Federal, state authorities to help oil palm smallholders
18/11/2008 (Brunei Online), Kota Kinabalu - Help is on the way for thousands of oil palm smallholders in the state who are facing financial dire straits because they have difficulty selling their produce amidst plunging crude palm oil prices, The Star reported.
