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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
Sarawak Oil Palm Plantation Companies Appeal For Help
14/10/2008 (Bernama), Sibu - Seven major oil palm plantation companies in the state say they are burdened by taxes as high as up to 55 percent.
MPOB Urged To Do More To Help Oil Palm Industry
14/10/2008 (Bernama), Sibu - The Malaysian Oil Palm Board (MPOB) should do more to help plantation owners and smallholders like what the Rubber Research Institute Malaysia (RRIM) did for the rubber industry.
Planters re-appeal against windfall tax
14/10/2008 (The Star Online), Sibu - Seven major Sarawak-based oil palm plantation companies are making a second appeal to the Federal Government to waive the windfall tax or revise the threshold price based on present cost increase and crude palm oil (CPO) price level.
Ministry to push for mandatory use of biofuel
14/10/2008 (The Star Online), Petaling Jaya - The Plantation Industries and Commodities Ministry will push for mandatory biodiesel use in the public transportation industry in its next meeting of the Cabinet Committee on Competitiveness of Palm Oil, following a similar implementation in Indonesia recently.
Sime’s counter measures
14/10/2008 (The Star Online), Kuala Lumpur - Sime Darby Bhd, the world’s largest listed planter, will be hurt by lower crude palm oil (CPO) prices but it plans to offset that by targeting a 5% improvement in its CPO production, increasing exports to China and cutting costs, said president and group chief executive officer Datuk Seri Ahmad Zubir Murshid.
Farmers in Sumatra let oil-palm fruit rot as prices fall
12/10/2008 (The Jakarta Post) - Thousands of farmers in Rokan Hulu regency, Riau province, in Sumatra are leaving their oil-palm fruit unharvested, letting it rot on the tree because of the sharp price decline for the export commodity, ^YAntara^Y news agency reported Sunday.
Malaysia lifts annual palm oil export quota
13/10/2008 (Reuters), Kuala Lumpur - Malaysia, the world's second-largest producer of palm oil, raised its annual export quota for crude palm oil by 50 percent as a surging inventory hurt prices, a government minister said on Monday.
Sime Darby To Send First Shipment Of Traceable Palm Oil To Holland
13/10/2008 (Bernama), Kuala Lumpur - Sime Darby plans to send its first shipment of certified and traceble palm oil to its facility, Unimills B.V., in Holland by October 19, its President and Group Chief Executive Officer, Datuk Seri Ahmad Zubir Murshid, said here today.
CPO prices very near bottom
13/10/2008 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures, which have fallen sharply recently to the RM1,800-level, are now very near the bottom, says OSK Investment Research.
