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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
Biodiesel hub taking shape
19/05/2008 (The Bangkok Post) - A former tangerine orchard in Rangsit could be the next frontier in local biodiesel development, with heavy-duty support from a number of government agencies.
The soy also rises: Indiana farms prosper, but Indian cooks must pay more
18/05/2008 (Journalgazette), Mumbai - A northeast Indiana farmer is selling soybeans for the highest prices he’s ever been paid.
Edible oil prices remain higher on poor supply
17/05/2008 (The Economic Times), New Delhi - Select edible oil prices led by soyabean firmed up in the national capital during the week ending today on restricted supplies amid rising global prices and closed with significant gains.
Govt mulls tax rebates for oil palm planters
16/05/2008 (The Edge Daily), Kuala Lumpur - The government is reviewing the implementation of the Cooking Oil Subsidy Scheme (COSS), and is considering the possibility of returning the special cess collected under the scheme in the form of tax rebate to oil palm planters.
Indonesia palm oil prices ease on Malaysia
16/05/2008 (Reuters, India) - Indonesian crude palm oil prices fell on Friday, pressed down by losses in the Malaysian market, prompting players to the market's sidelines.
LATEST PALM OIL DEVELOPMENTS IN IRAN
15/05/2008 (MPOB Tehran) – For the period Jan-May 2008, Iran received a total of 158,000 tonnes of bulk palm oil, mostly Malaysian origin. GTC imported three lots 25,000; 20,000 and 25,000 tonnes; while MODALLAL took 2 lots of 10,000 tonnes each; BEHSHAR took 60,000 tonnes and others 8,000 tonnes in Flexi-packaging.
Global oilseed stocks continue to shrink
09/05/2008 (Biodiesel Magazine) - While global oilseed ending stocks continue to shrink, production is projected to recover from last year’s decline in global oilseed production in over a decade, according to the USDA World Agricultural Supply and Demand Estimates report released Friday, May 9. The report projects global oilseed ending stocks for 2007-’08 at 56.7 million tons, down 0.5 million tons from last month’s figure. Most of the decrease is due to lower projected soybean stocks in the United States resulting from a 15 million bushel increase in projected exports. Soybean stocks for Brazil and Argentina are projected at a combined 39.8 million tons, down 1.5 million from 2006-’07.
Stakeholders advocate trust fund for oil palm development
15/05/2008 (Business Day, Nigeria) - Participants at the workshop on development of oil palm industry in Nigeria have called on the Federal Government to set up a Trust Fund for Oil Palm Development in the country within the context of private-public partnership.
American Palm Oil Council Announces Malaysian Wildlife Conservation Fund to Bolster Malaysia\'s Sustainable Practices
15/05/2008 (The Earth Times), Los Angeles - The American Palm Oil Council (APOC) today announced that the Malaysian palm oil industry, together with the Malaysian government, has launched the Malaysian Palm Oil Wildlife Conservation Fund (MPOWCF). APOC is a U.S. association representing the Malaysian palm oil industry.
