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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
Vegetable oil import may surge 7.2%
20/02/2008 (My Iris) - The India`s vegetable oil imports in 2007-08 (October-September) are likely to increase by 7.2% at around 5.9 million tons, against 5.5 million tons last year, due to lower carry forward stock of oilseed and rising oil consumption, reports Business Standard.
Price hike of oil, salt
20/02/2008 (The New Nation, Bangladesh) - Uptrend in the price of consumable items including edible oil and salt has made consumers to pay more. The import price of edible oil as well as salt has again increased in recent months. The production of edible oil and salt in the processing units, run by local businessmen, are import-dependent. It is reported that import and processing of edible oil has turned more expensive. Businessmen are paying higher prices for the imported products from the countries of origin. The owners of processing units are paying higher import price plus the Value Added Tax (VAT).
Cooking oil, ghee prices hike breaks poor’s back
21/02/2008 (The Post, Pakistan), Lahore - The prices of cooking oil and ghee showed an upward trend owing to its high demand increasing from Rs 10 to Rs 15 per kilogram during the last one month in the whole sale markets, The Post learnt on Wednesday.
CPO up despite rise in inventory
20/02/2008 (The Star Online), Petaling Jaya - Crude palm oil (CPO) inventory hit a record last month while the commodity's futures contract climbed to a fresh peak of RM3,625 per tonne yesterday.
Bad Biofuel Policy Boosts Asian Inflation
19/02/2008 (Asia Sentinel) - The US decision to divert food crops for motor-fuel is proving a costly mistake – especially for Asia.
Palm oil scores new high on soyoil, demand
19/02/2008 (The News - International, Pakistan), Kuala Lumpur - Malaysian crude palm oil futures jumped 3.4 per cent on Monday to hit another high as ruined oilseed crops in China fuelled massive buying in the global vegetable oil markets, traders said.
Edible Oil futures continue to boom
19/02/2008 (Commodity Online), Mumbai - Palm oil futures in Malaysia soared to a record amid speculation demand for the vegetable oil may increase after severe snowstorms damaged China's rapeseed crop.
Mentiga wants to ride on oil palm sector
19/02/2008 (The Star Online), Kuala Lumpur - Mentiga Corp Bhd will invest RM25mil to develop 5,000 acres in Sungai Lembing, Pahang, for the planting of oil palm this year.
Millions paid in taxes but Balung road in terrible state
16/02/2008 (The Daily Express News, East Malaysia), Tawau - Oil Palm plantation smallholders in Sungai Bolong, Balung feel the taxes they have paid to the Government on some RM140 million worth of palm oil they produce annually does not match the quality of roads they are hoping for.
