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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Oil palm processors commend JICA
18/02/2010 (GNA), Kumasi - Four oil palm processing groups in the Ashanti Region have commended the Japanese International Cooperation Agency (JICA) for initiating a training programme to enhance their operations.
Sierra Leone haS favored access to key markets for Sugar & Oil Palm
18/02/2010 (Awoko) - Sierra Leone is a Least Developed Country in Africa and this has given us the opportunity to export varieties of goods to the United States under the Africa Growth and Opportunity Act (AGOA). Producers in these areas will be permitted to export products to the US duty-free.
Nestle Joins Unilever in Turning Away From Sinar Mas Palm Oil
18/02/2010 (Jakarta Globe) - New York. Nestle, the world’s largest food maker, says it has dropped Sinar Mas Group as a supplier of palm oil, after Greenpeace called on it to cut ties with the Indonesian company.
Felda Lauded For Green Initiative
17/02/2010 (Bernama), Kuala Lumpur - Felda, the biggest palm oil-based company in the world, is heading in the right direction towards a greener environment with its initiative to convert methane gas into electricity.
Pangestu Says Palm Oil May Stabilize Around $700-$750
17/02/2010 (Bloomberg) - Palm oil prices may stabilize between $700 and $750 a metric ton this year as China and India buy more of the commodity, Indonesian Trade Minister Mari Pangestu said.
Ukraine will increase its palm oil import in the 2009/10 season
17/02/2010 (Black Sea grain.net) - Ukraine will increase its palm oil import in the 2009/10 season due to strong export of sunoil. Since the beginning of season 2009/10 (September/January), Ukraine imported about 167 KMT of palm oil or by 23% more than some period last year (136KMT). Total 2008/09 season Ukraine imported 252 KMT of palmoil.
New area to be available for oil palm plantations
17/02/2010 (The Jakarta Post) - The Agriculture Ministry plans to use 1.8 million hectares of land designated as industrial forests (HTI) as oil palm plantations, pending the issuance of a regulation.
Cooking oil subsidy should only be for the needy
16/02/2010 (The Star Online) - FEW realised that palm-based cooking oil, or its export name RBD palm olein, is heavily subsidised by the Government, except when there is a festive season approaching for fear of shortages in the subsidised cooking oil due to hoarding.
Strike affects palm oil production .
16/02/2010 (Solomon Star News) - THE industrial strike action by workers of the Guadalcanal Plain Palm Oil (GPPOL) late last year had affected palm oil production for the month of December.
