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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
Palm oil to show no big changes
22/11/2008 (Commodity Online) - Fundamental Analysis: MCX CPO futures closed higher on account of Government of India allowed to exporting of edible oil in small branded packages of 5 kg with immediate effect.
Malaysian palm oil slides 5.6%
22/11/2008 (Daily Times), Kuala Lumpur - Malaysian crude palm oil futures tumbled 5.6 percent on Friday following a sharp sell-off in US crude oil, traders said.
Palm Oil\'s Environmental Cost
24/11/2008 (Asia Sentinel) - Despite endorsement by a tame certifier, Southeast Asia’s miracle oil faces trouble.
Foreign buyers of palm oil having difficulty getting LCs
22/11/2008 (The Star Online), Petaling Jaya - Malaysian crude palm oil (CPO) exporters are in a quandary as the global financial crisis and the plunge in CPO prices have made it difficult for foreign importers to obtain letters of credit (LCs).
World Bank arm to aid palm oil growers
22/11/2008 (Business Times, Malaysia), Singapore - The International Finance Corp (IFC), the World Bank’s investment arm, said it will help lenders in Indonesia to finance small-scale oil palm growers to encourage so-called sustainable practices and forestall climate change.
Oil supply fast depleting
21/11/2008 (The Star Online) - OIL is the lifeblood of the transport sector the world over. Malaysia’s transport sector too is heavily dependent on oil as 95% of the fuel used is petrol and diesel.
Price discount boost for CPO
21/11/2008 (The Star Online) - The current large discount in the crude palm oil (CPO) price of US$300 to US$330 per tonne against soybean oil will further boost local palm oil exports in the next six months, but CPO price will remain depressed due to high stockpiles, analysts said.
Blessing in disguise for edible oil refiners
20/11/2008 (Business Standard) - The edible oil industry has seen a growing number of import defaulters, but domestic refiners are not worried. Processing margins have in fact doubled to 4 per cent in the past one year with most fly-by-night operators exiting the industry.
Jakarta: Palm oil drive to continue
20/11/2008 (The Malaysian Insider), Jakarta - The Indonesian government has defended the country's drive to expand oil palm cultivation, resisting demands by environmentalists who say it is destroying the country's natural forests and peatlands.
