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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%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Edible oil shortage feared on transporters’ strike
08/04/2008 (Daily Times, Pakistan), Karachi - The edible oil stocks in the mills all over the country remained for two to three days as the private sector transporters have stopped supply in protest on allowing National Logistic Cell (NLC) as an alternative transporter, Pakistan Vanaspati Manufacturers Association (PVMA) said here on Monday.
Bottom drops out of edible oil industry
05/04/2008 (Kuensel Online) - Business for country’s most lucrative industry, palm oil, hit the wall on March 31 when the government of India scrapped all import duties on crude edible oil as a measure to control inflation and rising food prices in India.
World cooling on biofuel solution
05/04/2008 (Khaleej Times Online), Jakarta - Once a golden promise in the fight against climate change, biofuels are fast losing their lustre as high demand for essential crops drives land clearing and pushes up the price of food.
Inflation posing serious problem
07/04/2008 (The Navhind Times) - Inflation seems to have raised its ugly head again. Unlike in the recent past, this time the price rise is not attributable to only food items or any specific sector; rather, it is more wide spread across commodities and industries and therefore the challenge is greater.In fact, non-food items have contributed in greater measure to rising prices. Now, it is almost certain that it will adversely impact the high GDP growth rate of 9 per cent. The wholesale price index (WPI) has already touched 7 per cent the highest in three years, and has posed, perhaps the biggest threat to the government. With elections to the Lok Sabha just a year away, the government at the Centre is trying all that it can to arrest the rising trend.
Malaysia’s exports up on high crude oil and palm oil prices
04/04/2008 (The Star Online), Kuala Lumpur - Malaysia’s exports grew at the fastest pace in 15 months in February as rising crude and palm oil exports countered declining electronics sales.
Indo-Malaysian Palm Oil Conference ‘08 held in Mumbai
03/04/2008 (The Financial Express), Mumbai - Malaysia India POTS 2008, the 1st International trade fair and seminar on palm oil and conversion industry in India, will be organised by Malaysia Palm Oil Council (MPOC) on May 29 and 30, 2008 in Mumbai.
Sharp correction likely in vegetable oil prices
03/04/2008 (The Hindu Business Line), Mumbai - The big bio-fuel boom may not be coming to an end anytime soon; but artificially jacked up market prices of vegetable oils — unrelated to real demand — are in for a sharp correction. No doubt, there has been a near-collapse of soyabean oil and palm oil prices in the last few days; but it was the just removal of speculative froth.
Sime Darby to invest RM169m in oil & fat business in Europe
03/04/2008 (The Edge Daily), Kuala Lumpur - Sime Darby Bhd is planning to invest over €34 million (RM169.03 million) in its current Unimills BV’s facilities Zwijndrecht, The Netherlands and other locations in Europe to further strengthen its position in the oils and fats downstream business in the continent.
Biofuels: Inventing the future
03/04/2008 (Finance Asia) - Current high food prices are not the result of demand for biofuel, said Dato’ Yeo How, group executive director at IOI Corporation, addressing a Green Wave panel on the competing demands for agricultural land. Dato’ Yeo believes the higher prices are the result of consumption growth in the developing world and the disruption to crop yields caused by changing weather patterns. He also pointed out that already scarce farmland is being absorbed by urbanisation. “Capacity is not keeping pace with a consistent growth in consumption,†he said.
