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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
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Palm rises as crude oil supports veg oils
02/07/2008 (The Economic Times), Kuala Lumpur - Malaysian crude palm oil futures rose 1.2 per cent on Wednesday as crude oil prices hovered near record levels, bolstering vegetable oil markets from China to the US. But slowing overseas demand last month weighed on palm oil, which is about 19.3 per cent off a record high of 4,486 ringgit per tonne.
China To Track Edible Oil Imports From Aug 1
02/07/2008 (Bernama), Beijing - China, the world's largest vegetable oil importer, will begin tracking imports of six edible oil commodities including soybeans and palm oil from Aug 1 to manage supplies as it battles inflation fuelled by rising food prices.
Tough first half for world markets
01/07/2008 (The Star Online), Petaling Jaya - The first half year was a tough one for stock investors and the bad news is that most people believe it won't get easier any time soon.
‘Indian entrepreneurs in Sri Lanka flouting spirit of FTA’
01/07/2008 (The Hindu Business Line), Mumbai - Some of the Free Trade Agreements (FTAs) the country has got into in recent years have resulted in unintended adverse consequences, primarily because of non-application of mind at the time of negotiations and signing of the agreement as also lackadaisical enforcement of rules subsequently.
Palm oil may correct lower
29/06/2008 (Sify.com) - Malaysian palm oil futures ended higher on Friday due to short-covering and higher crude oil prices. Oil leapt to a new record high near $142 a barrel on Friday. Crude oil and soya oil are supporting prices presently, but, lack of further demand from the leading consumers– China and India–is leading to an increase in stock piles. However, hopes remain high that during the festival season, India, China and West Asia would begin purchases in a big way.
India, Indonesia close to sorting differences in ASEAN FTA
29/06/2008 (PTI), New Delhi - India is believed to be working out a trade off with Indonesia on palm oil, the last hurdle to a Free Trade Agreement that New Delhi has been negotiating with ASEAN for several years.
CSM May Have Higher-Than-Anticipated Palm Oil Costs
27/06/2008 (Bloomberg) - CSM NV, the world's largest supplier of lactic acid and ingredients to bakeries, said raw-material costs may exceed its initial estimate for this year and last after the price of palm oil and wheat increased.
Asian palm-oil industry rating outlook positive - Moody\'s
26/06/2008 (Forbes), Mumbai - Moody's Investors Service said it has a positive rating outlook for the Asia Pacific's rated palm-oil industry over the next 12 to 18 months after a rapid rise and continued high prices for crude palm oil (CPO) in the past 18 months strengthened balance sheets of Asian palm-oil producers, who responded by buying more plantations and increased planting of greenfield properties.
Tradewinds plans to go downstream
26/06/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd needs to own a sizeable oil palm land bank of about 200,000ha before it can fully embark on downstream operation.
