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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
Planters urge government to help stabilise palm oil prices
25/11/2008 (The Malaysian Insider), KUala Lumpur - Malaysia\'s top plantation companies have suggested government incentives for industries to switch to palm bio-diesel as well as burning the oil as feedstock to generate power as part of initiatives to stabilise prices.
United call for government help
25/11/2008 (The Star Online), Bangi - Six top local plantation companies are seeking the Government’s assistance to work out an incentive programme to enable crude palm oil (CPO) to be used as an energy source in the industrial sector in a bid to reduce palm oil stocks and stabilise prices.
Sri Lanka: Coconut growers worried about growing palm oil imports
24/11/2008 (Fresh Plaza) - Sri Lanka’s coconut industry is once again raising concerns with the government over the haphazard import of palm oil which they say will seriously impact the development and survival of this sector.
Malaysian growers back palm oil output cut
24/11/2008 (Business Times, Malaysia) - PALM oil producers including Sime Darby Bhd and IOI Corp, the world's two largest, backed proposals by the Malaysian government to reduce output after the price of the commodity slumped.
Palm oil price \'close to a bottom\'
24/11/2008 (Business Times, Malaysia) - THE price of palm oil, which has slumped 67 per cent from a March record, is near the end of its decline because supplies will slow and demand for the edible oil will ride out the global slowdown, Goldman Sachs Group Inc said.
Coconut growers worried about growing palm oil imports
23/11/2008 (The Sunday Times) - Sri Lanka’s coconut industry is once again raising concerns with the government over the haphazard import of palm oil which they say will seriously impact the development and survival of this sector. But this time too, they see their attempts failing – like what has happened in the past – although representations were made to President Mahinda Rajapakse before the budget.
Palm oil price crash spells misery for SEAsian farmers
23/11/2008 (AFP), Kuala Lumpur - The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees.
Veg oil: Sinking to new lows
24/11/2008 (The Economic Times) - It is said that food is recession-proof. However, if the recent weakness in vegetable oil prices is considered, the above statement may not seem to be as true as it sounds. For an investor in the vegetable oil market currently, the clock has turned three years back to ’05, when the early signs of a boom in the commodities market were just beginning to show. The rally, which took three years to build, fizzled out in barely three months.
Palm oil imports to rise on tax
24/11/2008 (Business Standard) - India, the world’s biggest buyer of vegetable oil after China, may increase palm oil imports after the government imposed a tax on purchases of crude soybean oil, the main substitute product, a trade body said.
