|
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
Biofuels: Strong Potential
04/08/2008 (Latin Business Chronicle) - The new federally-mandated Renewable Fuel Standard (RFS) calls for the United States to raise its annual biofuel production from 6.5 billion gallons per year (bgy) in 2007 to 36 bgy by the year 2022. This is a tremendous undertaking in terms of investment required, construction activity and infrastructure development. Corn ethanol alone will not suffice to reach that goal. In addition to corn ethanol’s environmental and cost shortcomings, (...) it is widely accepted by the corn industry and the federal government that U.S. corn ethanol production will not exceed approximately 15 bgy in 2022.
Indonesia wants Pakistan to cut palm oil duty
02/08/2008 (The News - International), Jakarta - Indonesia, the world’s top palm oil producer, will ask Pakistan to lower import tariffs for palm oil products to boost its palm oil exports, a senior government official said on Friday.
Govt imports 2.60 lakh tn edible oil
02/08/2008 (The Financial Express) - Though its much-publicised cheap edible oil sale has already been launched, the central government has managed to import just around 2,60,000 tonne of edible oils till July, against a total requirement of 10 lakh tonne.
Uganda: Palm Project Gives Kalangala Sh2 Billion Road Equipment
30/07/2008 (AllAfrica.com) - District leaders have rallied support for Government's palm oil tree-growing project. The district chairperson, Dan Kikola, said the palmoil project had contributed to development in the island district.
Drop in palm oil prices prompts millers to stop buying commodity
31/07/2008 (The Star Online), Muar - The drop in palm oil prices for August has prompted several millers here to stop buying oil palm fruits from smallholders for two days.
Selangor-based Sawit Raya invests in RM50mil palm oil refinery in Lahat Datu
30/07/2008 (NST Online) - SELANGOR-based Sawit Raya Oil (Sabah) Sdn Bhd will invest RM50 million in the construction of a palm oil refinery in the state-run Palm Oil Industrial Cluster in Lahad Datu.
Kim Loong bullish despite price downtrend
31/07/2008 (The Star Online), Petaling Jaya - Kim Loong Resources Bhd is optimistic that the current downtrend in crude palm oil (CPO) prices will not hurt its profit for the financial year ending Jan 31 (FY09).
Papuans to enjoy spoils of Indonesia’s oil palm boom, says govt
29/07/2008 (Radio New Zealand International) - Indonesia’s Department of Agriculture says its serious about ensuring Papuans have a fair share of the prosperity from oil palm development in the region.
Govt to supply subsidised palm oil at Rs 45/l to states
30/07/2008 (The Economic Times), Hyderabad - With elections just a winter away, the Centre has decided to supply 25 lakh tonne of palm oil at Rs 45 per litre to over a dozen states in the country. The market price of palm oil is around Rs 65 per litre at present. The Centre will have to fork out a subsidy of Rs 1,500 crore annually for this scheme.
