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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Palm oil price \'close to a bottom\'
24/11/2008 (Business Times, Malaysia) - THE price of palm oil, which has slumped 67 per cent from a March record, is near the end of its decline because supplies will slow and demand for the edible oil will ride out the global slowdown, Goldman Sachs Group Inc said.
Coconut growers worried about growing palm oil imports
23/11/2008 (The Sunday Times) - Sri Lanka’s coconut industry is once again raising concerns with the government over the haphazard import of palm oil which they say will seriously impact the development and survival of this sector. But this time too, they see their attempts failing – like what has happened in the past – although representations were made to President Mahinda Rajapakse before the budget.
Palm oil price crash spells misery for SEAsian farmers
23/11/2008 (AFP), Kuala Lumpur - The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees.
Veg oil: Sinking to new lows
24/11/2008 (The Economic Times) - It is said that food is recession-proof. However, if the recent weakness in vegetable oil prices is considered, the above statement may not seem to be as true as it sounds. For an investor in the vegetable oil market currently, the clock has turned three years back to ’05, when the early signs of a boom in the commodities market were just beginning to show. The rally, which took three years to build, fizzled out in barely three months.
Palm oil imports to rise on tax
24/11/2008 (Business Standard) - India, the world’s biggest buyer of vegetable oil after China, may increase palm oil imports after the government imposed a tax on purchases of crude soybean oil, the main substitute product, a trade body said.
Palm oil to show no big changes
22/11/2008 (Commodity Online) - Fundamental Analysis: MCX CPO futures closed higher on account of Government of India allowed to exporting of edible oil in small branded packages of 5 kg with immediate effect.
Malaysian palm oil slides 5.6%
22/11/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures tumbled 5.6 percent on Friday following a sharp sell-off in US crude oil, traders said.
Palm Oil\'s Environmental Cost
24/11/2008 (Asia Sentinel) - Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces trouble.
Foreign buyers of palm oil having difficulty getting LCs
22/11/2008 (The Star Online), Petaling Jaya - Malaysian crude palm oil (CPO) exporters are in a quandary as the global financial crisis and the plunge in CPO prices have made it difficult for foreign importers to obtain letters of credit (LCs).
