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MARKET DEVELOPMENT
20-08-2008

No Short Supply Of Palm Oil-derived Food Despite Palm Oil Use For Biofuel, Says Peter Chin

20/08/2008 (Bernama), Kuala Lumpur - There will be no short supply of palm oil-derived food with the use of palm oil to produce biofuel, the Dewan Rakyat was told Wednesday.

MARKET DEVELOPMENT
20-08-2008

Contract defaults hammer edible oil price

20/08/2008 (The Economic Times), New Delhi - The edible oil industry has come to a standstill after crude palm oil crashed on Tuesday to 50% of this yearâ€™s top price. The trade is in disarray as buyers in top importers like India, Pakistan and China are reneging on contracts while the market bottoms out.

MARKET DEVELOPMENT
20-08-2008

Palm oil importers seek re-adjustment in overseas contract

20/08/2008 (The Hindu), New Delhi - Falling global palm oil prices is a welcome news for consumers but not for importers who are now seeking a re-adjustment in their overseas contract to ward off losses, Solvent Extractors Association said on Tuesday.

MARKET DEVELOPMENT
20-08-2008

Envo Diesel Project Can Start If CPO Price Remains At Below RM3,000

19/08/2008 (Bernama), Kuala Lumpur - Usage of Envo diesel, a palm-based biofuel, can start this year if the crude palm oil price (CPO) remains at below RM3,000 a tonne, Deputy Minister of Plantation Industries and Commodities A. Kohilan Pillay said today.

MARKET DEVELOPMENT
19-08-2008

IOI shines with RM2.23bil profit

19/08/2008 (The Star Online), Petaling Jaya - IOI Corp Bhd posted an impressive 42% jump in pre-tax profit to RM856mil for its fourth quarter ended June 30 against RM602mil a year ago, backed by overall strong crude palm oil (CPO) prices, good earnings from the manufacturing of oleochemicals and property business.

MARKET DEVELOPMENT
19-08-2008

Importers defer payments as palm oil price falls

19/08/2008 (The Financial Express) - The unexpected slump in commodities prices seen over the last couple of weeks is having its fallout all across. The latest to join the bandwagon are edible oil traders from India who are re-negotiating and seeking deferment of some of the palm oil import contract with Malaysian sellers to ward off loses due to sudden fall.

MARKET DEVELOPMENT
19-08-2008

Victory - Indonesia\'s peat forest gains temporary protection

18/08/2008 (Greenpeace), Riau, Indonesia â€” In a rare piece of good news for Indonesia's forest, a regional governor has announced an interim ban on deforestation in Riau, one of the areas currently worst affected by rapid deforestation. The ban, especially if made permanent, is also good news for the climate.

MARKET DEVELOPMENT
19-08-2008

Palm Oil Producers M\'sia And Indonesia Can Offer New World Model On Sustainable Development

18/08/2008 (Bernama), Jakarta - Malaysia and Indonesia, being two major palm oil producers, are in a unique position to offer the world a new resource-based sustainable development model by 2025 with intensive R&D on palm oil and its derivatives, says an internationally renown expert on sustainable development.

MARKET DEVELOPMENT
19-08-2008

`Lower Price of Gas Used As Oleochem Feedstock\'

18/08/2008 (Red Orbit) - MALAYSIA may see its position as the world's leading oleochemical producer in terms of market share undermined by the high prices of natural gas, industry players say.

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