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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
CPO futures end mostly higher on soybean oil gains
Auluta Land Ready for Major Development
02/03/2009 (Solomon Times Online) - Nearly two thousand people witness the ground breaking ceremony for the Malaita Palm Oil project held at the weekend.
Government Remains Committed to Auluta Basin Palm Oil Project: Riumana
03/03/2009 (Solomon Times Online) - The National Government remains committed to ensure the Auluta Palm Oil Project in East Malaita achieves its intended purpose of bringing economic benefits to the Province and the Country, says Agriculture Minister Selwyn Riumana.
Palm oil conferences a hit among industry players
03/03/2009 (The Star Online) - EVERY year, it is safe to say that there will be at least eight to 10 conferences on palm oil held worldwide. So far this year, there have been at least five confirmed international palm oil conferences.
Sri Lanka\'s Carson makes loss after palm oil crash
02/03/2009 (LBO) - Sri Lanka\'s Carson Cumberbatch group said it made a net loss of 241 million rupees in the December 2008 quarter as its Indonesian and Malaysian plantations were hit by the crash in palm oil prices.
Asia\'s biofuel dreams shelved as crude oil tumbles
01/03/2009 (AFP), Kuala Lumpur — Hopes of a biofuel bonanza for Southeast Asia, raised when sky-high oil prices made the search for alternative fuels a priority, have been shelved as global fortunes and crude prices nose-dive.
Wilmar Profit ‘May Not Be Better’ in 2009, CEO Says
27/02/2009 (Bloomberg) - Wilmar International Ltd., the world’s biggest palm oil trader, said that profit in 2009 may not be better than this year’s amid the global recession, and the company may be looking for food-industry acquisitions.
Feb palm oil exports may fall 8pc
27/02/2009 (Business Times, Malaysia) - PALM oil exports may fall 8 per cent in February from the previous month, independent surveyor Intertek said today.
TN MoU with 5 companies for contract farming of oil palm
27/02/2009 (The Economic Times), Chennai - Tamil Nadu government has signed MoUs with five oil extraction companies to cultivate oil palm across different locations in Tamil Nadu, on a contract-farming basis. This is part of the agriculture department’s plans to industrialise agri-biz and make it a steady profitable venture for producers as well as marketers.
Make use of palm biodiesel compulsory to cut CPO stockpiles
27/02/2009 (The Star Online) - Strategies such as oil palm replanting schemes and making the use of palm biodiesel compulsory in Malaysia will reduce crude palm oil (CPO) stockpiles and sustain its price at RM1,400 per tonne levels, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron.
