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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
Palm oil ends lower after MPOB’s data release
Palm oil firms vow to stop using forests
14/05/2008 (The Jakarta Post) - Palm oil companies operating in Indonesia pledged to stop expanding plantations into forests in response to growing global criticism about deforestation and to promote more sustainable products.
Federal Government seeks Malaysian govt’s support in reviving oil palm produce
12/05/2008 (Business Day Online, Nigeria) - The Federal Government is seeking the assistance of Malaysia towards improving the standard of oil palm produce in the country.
Ta Ann banks on two core commodities
12/05/2008 (The Star Online) - THE CEO INTERVIEW - A good diversification programme had enabled Ta Ann Holdings Bhd to weather the downturn in the timber sector in the last 15-month.
UK palm oil consumption fuels Colombia violence, says report
12/05/2008 (The Guardian) - Britain's passion for chocolate, cakes and crisps is fuelling a violent campaign to force Colombian peasants off their land to make way for oil palm plantations, a report claims today.
Ta Ann goes big on CPO
12/05/2008 (The Star Online) - TIMBER giant Ta Ann Holdings Bhd is looking at substantially expanding its oil palm plantation within the next five years to balance its business portfolio.
Higher food prices trend to go on into 2009
12/05/2008 (The Star online) - IN recent months, agriculture commodities have posted their biggest monthly gains since the 1970s oil crisis. The rise in international prices, which has been building up in recent years, gathered pace in 2007 and looks set to surge higher this year on the back of a continuation of tight supplies, higher crude oil prices (which is adding fuel to the biofuel proposition worldwide), adverse weather in major planting regions and the unrestrained consumption boom in major emerging economies.
Prices could see some correction soon
12/05/2008 (The Economic Times), Mumbai - Commodities, which have been in the spotlight for increasing the global inflation, could enter a bearish phase in the second half of 2008, according to global marketwatchers. They suggest that the recent rise has less to do with fundamental factors, and more to do with traders preferring safer investments to risky asset classes like equities. So once the panic in global financial markets settles down and the true forces of demand and supply come into play, commodity prices would have to fall, experts said.
A choice between man and wheel
12/05/2008 (The Post, Pakistan) - Massive production of bio-fuels is ‘a crime against humanity’ because of its impact on global food prices that are increasing day by day and has been out of reach of a poor man, a UN report indicated. In 2006, worldwide bio-fuel production reached 44 billion litres, which include 38 billion litres of ethanol.
Striking a balance
10/05/2008 (Khaleej Times Online) - Malaysia may be producing most of the palm oil in the world,but it is certainly not at the expense of logging and replacing natural forests with oil palm cultivation or loss of wildlife and their habitat.
