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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
Malaysia targets Africa and the Amazon for palm oil expansion
25/08/2008 (Mongabay.com) - Facing land scarcity at home and environmental complaints, Malaysian palm oil producers should look overseas to expand operations, a high-ranking Malaysian agricultural minister said Monday.
Palm oil must drop for demand to revive: Mistry
26/08/2008 (Bloomberg) - Palm oil, the world’s most consumed vegetable oil, must decline to 2,200 ringgit ($653) a tonne in the next few weeks for demand to rebound, said Dorab Mistry, director at Godrej International.
New Project to Increase Palm Oil Production in Cameroon and Nigeria
25/08/2008 (Voa News) - Oil palms are grown throughout West and Central Africa, but the development of the palm oil industry has been slow, despite a thriving market. A project sponsored by the United Nations Industrial Development Organization is about to change the palm oil industry in Cameroon and Nigeria. Voice of America English to Africa Service reporter Divine Nytaryike in Douala, Cameroon says palm oil is a common ingredient in traditional dishes in West and Central Africa. It is cheaper than vegetable oil and can also be used to make soap and pomade.
The Environmental Impact of Cheez-Its
25/08/2008 (The Daily Green) - Palm oil is a widely used vegetable oil used in food products, such as Oreos and Cheez-Its, and also soaps and other personal care products. But while you've been casually enjoying your processed snack foods, palm oil has gained a less than stellar environmental reputation.
Palm oil defaults not severe, says Poram
26/08/2008 (The Edge Daily), Kuala Lumpur - The default of some palm oil cargoes meant for China and India in the past few weeks following a slump in crude palm oil (CPO) prices was not as severe as reported, the Palm Oil Refiners Association of Malaysia (Poram) acting chairman Yong Chin Fatt said.
CPO seen at RM2,200 if oil stabilises at US$100
26/08/2008 (The Edge Daily), Kuala Lumpur - The price of crude palm oil (CPO) must decline to RM2,200 a tonne in the next few weeks for demand to rebound, said Dorab Mistry, director at Godrej International Ltd.
India\'s edible oil import estimate to go up by 8 pc
24/08/2008 (The Hindu), New Delhi - India's edible oil imports are likely to rise by eight per cent in 2008-09 in volume terms, with the palm oil becoming a preferred choice of importers, a US report has said.
Future contracts rise on demand
24/08/2008 (Daily Times), Karachi - The importers made around 150,000 metric tonne deals in palm oil future trading contracts for September, Pakistan Vanaspati Manufacturer’s Association (PVMA) said Friday.
Prices of non-brand edible oil rise despite int\'l downtrend
23/08/2008 (The Daily Star) - Prices of non-brand edible oil, which had been falling in accordance with a downward trend in the international market over the last month and a half, suddenly went up in kitchen markets of the capital over the last three days.
