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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
Running on biodiesel
10/02/2008 (NST Online) - The search for sources of renewable energy has intensified as the world’s energy demand increases and fossil fuel reserves begin to dry up. Malaysia, which has been researching on palm biodiesel for the last 20 years, is now exporting it to major consumers like Europe, the United States and Japan. Soon, it is likely to follow in the footsteps of neighbouring countries in introducing biodiesel use at home, writes CHAI MEI LENG.
Our greener energy future
11/02/2008 (The Bangkok Post) - To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage.
Palm Oil Rises to Record as Indonesian Taxes May Curb Supply
05/02/2008 (Bloomberg) - Palm oil surged to a record on speculation supplies for food and alternative fuel will be limited after Indonesia, the world's biggest producer, announced it would raise export taxes if prices climb further.
India Weighs Edible Oil Tax Reduction, More Imports
05/02/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may cut import duties on cooking fat or increase purchases on global markets, bolstering prices.
FFC told to keep prices of edible oil under control
07/02/2008 (The Dawn, Pakistan) - While the flour crisis has eased, the government is fearing a rise in prices of cooking oil and ghee, prompting President Pervez Musharraf to ask the Federal Food Committee (FFC) to take immediate steps to keep the prices of edible oil, sugar and pulses under control.
Ghee and cooking oil: Increasing prices, declining demand
09/02/2008 (The Daily Times, Pakistan), Karachi - The sale of ghee and cooking oil has declined considerably in the wake of an unabated cycle of upward revision in prices by their manufacturers, which squeezed the purchasing power of consumers.
India, Indonesia race to curb edible oil prices
07/02/2008 (LiveMint.com), Dubai - No sooner did Indonesia signal higher export taxes on palm oil than India said it may cut import duty. The moves by the two governments highlight the struggle to contain living costs for their 1.3 billion people.
Government approves B4 price increase for palm oil
29/01/2008 (The Bangkok Post) - Bowing to complaints from refiners about rising raw material prices, the Internal Trade Department yesterday approved an increase in cooking palm oil prices by four baht per litre. Yanyong Phuangrach, the department's director-general, said the price would be raised from 43.50 baht per one-litre bottle to 47.50 baht to reflect rising costs of processors.
Cameroon: Commerce Delegate Seizes Hoarded Palm Oil
28/01/2008 (AllAfrica.com) - The Menoua Divisional Delegate of Commerce and Industries recently cracked down on palm oil dealers in Dschang.
