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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
FTA with India still a long way, says Indonesia envoy
22/10/2008 (The Financial Express) - India’s negative list of trade items is growing every year, according to Indonesia. Asked if Indonesia is not seeking undue concessions, an Indonesian official said talks on a free trade agreement (FTA) with India were stuck on five items—crude palm oil, refined palm oil, tea, coffee, and peppers.
Competitive advantage of palm oil
21/10/2008 (Commodity Online) - The best thing to happen to the Palm oil industry in recent years was the establishment of the Round Table on Sustainable Palm Oil. This is the most clear cut signal to the world that Palm oil and Sustainability and Green Issues can co-exist to mutual benefit. It would be a step in the right direction if more Chinese entities joined the RSPO and participated in its deliberations. My company GODREJ was the first Indian company to join the RSPO and we have been followed by a host of others. The major markets for Palm – China, India and the developing world need to participate more energetically in the RSPO so that the Round Table becomes a win-win proposition for all stake holders.
Govt may remove CPO windfall tax
21/10/2008 (The Star Online), Kuching - The Government may remove the crude palm oil (CPO) windfall tax, given that CPO prices have fallen below the tax’s threshold level.
Palm oil outgrowers urge GPPOL to explain
21/10/2008 (Solomon Star News) - THE Palm Oil Outgrowers Association of Guadalcanal Plains is seriously seeking a justification from Guadalcanal Plains Palm Oil Limited (GPPOL) for a drastic drop in palm oil prices.
Orangutan’s biggest enemy no longer poachers, it’s the palm oil industry
21/10/2008 (Indian Express) - In the rush to feed the world’s growing appetite for climate-friendly fuel and cooking Oil that doesn’t clog arteries, the Bornean orangutan could get plowed over.
Venter’s Synthetic Genomics Adds $8M for Palm Oil Research
20/10/2008 (earth2tech.com) - Craig Venter’s startup Synthetic Genomics has raised RM28.2 million, or $8 million, from Malaysian conglomerate Genting Group, which bought a million shares of the company, The Star reports. Genting has been working with Venter’s La Jolla, Calif.-based startup since 2007, when its Asiatic Centre for Genome Technology unit partnered with Synthetic Genomics to sequence the oil palm genome.
Malaysia Mulls Steps To Address CPO Price Slide
20/10/2008 (Bernama), Kuching - Malaysia will act to address the slide in global crude palm oil (CPO) prices to ensure the sustainability of the country's oil palm industry.
Asian palm jumps 5.1% as oil boosts vegoils
20/10/2008 (The Edge Daily), Kuala Lumpur - Malaysian crude palm oil futures soared 5.1% on Monday as strength in the crude oil market lent support to soyoil markets in the US and China, traders said.
Palm oil to be a viable energy source
19/10/2008 (Moneycontrol.com), Chennai - Enjoying the advantage of being more profitable and viable than soyabean oil, palm oil is likely to find new uses for industrial application and as an energy source, according to Mr Dorab Mistry, Director of Godrej International.
