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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
New Britain to cash in on palm oil demand
13/12/2007 (Financial Times) - New Britain Palm Oil is to raise £89m in a London flotation, taking advantage of a surge in demand for cooking oil and biofuels derived from palm trees.
Revise rate of oil palm fruit cess: MP
13/12/2007 (Daily Express), Kota Kinabalu - The Federal government should consider revising the rate of the oil palm fruit cess in Sabah as it is unfair for the industry, said Tawau MP Shim Paw Fatt.
Indonesia has no plans to change palm oil tax
12/12/2007 (Daily Times, Pakistan), Jimbaran, Indonesia - Indonesia has no plans to alter the current palm oil export tax scheme, Trade Minister Mari Pangestu told Reuters on Tuesday, dampening expectations for a new scheme early next year.
How Coconut Oil lost to Palm Oil in Kerala
12/12/2007 (Commodity Online), Kochi - Kerala, popularly known as God’s Own Country these days, originally got the state’s name from the coconut tree. “Kera†in Malayalam language means Coconut and “Alam†means Land; and thus “Keralam†became the Land of Coconut.
Malaysia Palm Oil Output to Miss Forecast
11/12/2007 (The Motley Fool) - Malaysia's palm oil output will be less than forecast this year due to ongoing floods in many palm oil producing regions, a Cabinet minister said Tuesday.
Malaysia May Revoke Biofuel Permits as Palm Oil Rises
11/12/2007 (Bloomberg) - Malaysia, the second-biggest palm oil producer, may revoke some licenses to produce biofuel from the commodity as the surging price of the raw material makes the fuel too expensive to make, a minister said.
Dutch talk tough on biofuel subsidies
11/12/2007 (Business Spectator), Carey Island, Malaysia - The Netherlands has warned it will not renew subsidies for palm-based biofuel until global producers meet its environmental requirements.
Palm oil prices stay high despite mounting supplies
10/12/2007 (Food Navigator) - Crude palm oil production is up 4.4 per cent from October in Malaysia, according to the Malaysian Palm Oil Board, but this has not led to a fall in prices amid the current volatility of the crude and soya oil markets.
Indonesia says no plans to alter palm oil tax
11/12/2007 (The Economic Times), Jimbaran, Indonesia - Indonesia has no plans to alter the current palm oil export tax scheme, Trade Minister Mari Pangestu told Reuters on Tuesday, dampening expectations for a new scheme early next year. The tax scheme, under which export tax rates are adjusted monthly depending on movements of crude palm oil prices in international markets, was introduced in a bid to contain soaring local palm-oil based cooking oil prices.
