|
AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Orang-utan plea fails to move panel on palm oil
15/06/2008 (The Age) - A WILDLIFE campaigners' bid to force food manufacturers to list palm oil on product labels has been rejected by federal authorities.
Asiatic to develop palm plantation in Indonesia
12/06/2008 (The Edge Daily), Kuala Lumpur - Asiatic Development Bhd’s wholly-owned subsidiary Mediglove Sdn Bhd has proposed joint ventures to acquire and develop 45,000ha of oil palm plantation at Kabupaten Kapuas in Kalimantan Tengah, Indonesia.
Cheap oil sales find few takers
11/06/2008 (The Financia Express), New Delhi - The government plan to distribute cheap imported edible oil to poorer sections through public distribution system (PDS) for offsetting the impact of spike in domestic prices could fall flat as most states have shown little interest in lifting oil from purchasing agencies.
Private plantation company to import oil palm seedlings from Costa Rica
11/06/2008 (ANTARA News), Muara Teweh - PT Antang Ganda Utama (AGU), a major private plantation company, in Teweh Tengah subdistrict, North Barito District, Central Kalimantan, planned to import 1,150,000 seedlings of oil palm trees from Costa Rice, a Central American country.
Indonesia May End Cooking Oil, Soybean Subsidies
10/06/2008 (Flex News), Jakarta - Indonesia may scrap subsidies on local palm-based cooking oil and soybeans next year because global prices have eased and it has launched a scheme of cash handouts for the poor, the trade minister said on Tuesday.
Malaysia\'s Vitaoils plans JV; to invest $50 mn
10/06/2008 (Business Standard) - Malaysian edible oil major MM Vitaoils is scouting for a local partner here to enter Rs 20,000 crore palm oil market in India, where it plans to invest $50 million and to acquire a refinery.
Cheaper edible oils through ration shops soon in three states
10/06/2008 (Zee News), New Delhi - The Centre may start supplying edible oils through ration shops in at least three states -- Himachal Pradesh, Chhattisgarh and Tamil Nadu -- from this month, as part of its measures to give relief to the common man from rising prices.
NAFED to import 24,000 T veg oils
10/06/2008 (Reuters, India), New Delhi - A leading Indian farm co-operative has contracted to import 24,000 tonnes of vegetable oils and plans to buy 120,000 tonnes by March to help improve domestic supplies, its managing director said on Tuesday.
Govt urged to provide loans to solvent plant owners
10/06/2008 (The Post, Pakistan), Multan - All Pakistan Solvent Extractors Association (APSEA) has appealed to federal government and the governor State Bank to issue instructions to all the banks and financial institutions for providing finances to solvent plant owners for the procurement of oil-bearing seeds like sun-flower.
