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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 mill fined RM10,000 for discharging toxic effluents into river
15/10/2008 (NST Online), Ipoh - The Sessions Court here yesterday imposed a fine of RM10,000 on a palm oil mill located in Jalan Ayer Tawar, Manjung, about 70km from here, for discharging toxic effluents into a river nearby the mill on Sept 19, 2007.
Planters rap palm oil board over R&D
15/10/2008 (The Star Online), Sibu - The Malaysian Palm Oil Board (MPOB) has been lambasted for not serving the palm oil sector effectively and failing to carry out its original role as the premier research and development (R&D) institution for the industry.
Stored palm oil at Port Qasim unfit for human consumption
15/10/2008 (Daily Times), Karachi - Special Secretary Health Dr Abdul Majid has said that the test reports from three laboratories have shown that a consignment of imported palm oil stored at Port Qasim is unfit for human consumption. Addressing a press conference on Tuesday, he said that samples of palm oil from the consignment were sent for testing to the laboratories of CDGK, PCSIR and HEJ Research Institute of Chemistry at Karachi University and their reports suggest that the palm oil is not fit for human consumption. He said that the case of the consignment is in court and its fate will be decided soon.
Sarawak Oil Palm Plantation Companies Appeal For Help
14/10/2008 (Bernama), Sibu - Seven major oil palm plantation companies in the state say they are burdened by taxes as high as up to 55 percent.
MPOB Urged To Do More To Help Oil Palm Industry
14/10/2008 (Bernama), Sibu - The Malaysian Oil Palm Board (MPOB) should do more to help plantation owners and smallholders like what the Rubber Research Institute Malaysia (RRIM) did for the rubber industry.
Planters re-appeal against windfall tax
14/10/2008 (The Star Online), Sibu - Seven major Sarawak-based oil palm plantation companies are making a second appeal to the Federal Government to waive the windfall tax or revise the threshold price based on present cost increase and crude palm oil (CPO) price level.
Ministry to push for mandatory use of biofuel
14/10/2008 (The Star Online), Petaling Jaya - The Plantation Industries and Commodities Ministry will push for mandatory biodiesel use in the public transportation industry in its next meeting of the Cabinet Committee on Competitiveness of Palm Oil, following a similar implementation in Indonesia recently.
Sime’s counter measures
14/10/2008 (The Star Online), Kuala Lumpur - Sime Darby Bhd, the world’s largest listed planter, will be hurt by lower crude palm oil (CPO) prices but it plans to offset that by targeting a 5% improvement in its CPO production, increasing exports to China and cutting costs, said president and group chief executive officer Datuk Seri Ahmad Zubir Murshid.
Farmers in Sumatra let oil-palm fruit rot as prices fall
12/10/2008 (The Jakarta Post) - Thousands of farmers in Rokan Hulu regency, Riau province, in Sumatra are leaving their oil-palm fruit unharvested, letting it rot on the tree because of the sharp price decline for the export commodity, ^YAntara^Y news agency reported Sunday.
