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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Edible oil demand to rise to 156 lakh tonne by 2010
25/05/2008 (The Financial Express), Mumbai - The total demand for edible oils is expected to increase from the current level of 130 lakh tonne to 156 lakh tonne in 2010 and further to 208 lakh tonne by 2015, BV Mehta, executive director of the Solvent Extractors' Association (SEA) said.
Edible oil imports seen going up 38%
22/05/2008 (LiveMint.com), Singapore - India’s edible oil imports may climb 38% by 2010, straining supplies, as rising incomes among the nation’s middle-class consumers stoke demand for fried food.
Palm oil may reach 4,500 ringgit
24/05/2008 (The Financial Express) - Palm oil futures in Malaysia may extend record gains this year as production slows and demand increases both for cooking and alternative fuel, said Dorab Mistry, director at Godrej International Ltd.
Why palm oil gains over soyoil in India?
24/05/2008(Commodity Online), Mumbai - India will continue to import palm oil in large quantities so long as there is a major price difference between palmoil and soyoil . The country is expected to import 5.8 mn tonnes of vegetable oil of which palm oil will constitute five million tonnes, more than eight percent of the total.
Indian company to invest US$250 million in Suriname palm oil project
23/05/2008 (Caribbean Net News) Paramaribo, Suriname - A large business group from India, Food, Fats and Fertilizers Ltd. (FFF), said it will invest up to US$250 million to develop a palm oil project in Suriname. FFF-officials have signed a Memorandum of Understanding (MoU) with the Surinamese government to establish a palm oil factory.
Oil palm genome sequencing may aid sustainability
21/05/2008 (AP Food Technology) - A US-Malaysian partnership has completed the first phase of annotating the oil palm genome in a process it hopes will enable increased oil yields and sustainability.
Malaysian palm oil conference focuses on sustainability
22/05/2008 (Biodiesel Magazine) - The word “sustainability†is no longer a catchphrase but a global market requirement for the palm oil industry.
Veg oil import to go up to 5.8mn tonne
22/05/2008 (Business Standard) - India\'s imports of vegetable oil, including both edible and non-edible categories, are likely to be 5.8 million tonne in the current oil year that ends this October, an industry official said.
Indonesia Astra Agro sees palm ouput above 1 mln tonnes
22/05/2008 (Reuters, India), Jakarta - Indonesia's largest listed plantation firm, PT Astra Agro Lestari Tbk AALI.JK, expects to produce more than 1 million tonnes of crude palm oil by 2010 after building more mills, the company said on Thursday.
