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Malaysia's total palm oil stocks surge 24.54% to 3.51mil tonnes in Sept
CPO Futures Close Lower On Weaker Soybean Oil Prices
Palm oil falls to 11-week low on weak exports, rising output
CPO Futures End Lower In Line With Weak Regional Vegetable Oil Markets
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.
Kerala protests subsidy to imported edible oil
22/08/2008 (Commodity Online), Thiruvananthapuram - The kerala government on Thursday expressed its strong protest against Centre’s decision to provide subsidy for importing edible oil saying that the move would badly hit the coconut farmers in the state.
IJM Plantations plans RM600mil capex for Indon ops
22/08/2008 (The Star Online), Subang Jaya - IJM Plantations Bhd plans to invest RM600mil in capital expenditure to expand its Indonesian operations.
Costa Rica Lacks Resources to Produce Biofuels
21/08/2008 (Costa Rica Pages) - Costa Rica’s desire to get a little greener has encountered a hitch: despite the National Biofuel Program’s October implementation deadline, Costa Rica lacks sufficient natural resources to produce biofuels. Currently, most of the country’s ethanol and African palm oil, which can be used to produce bio combustibles, is sold internationally for a much higher profit than keeping it here at home.
Exports and crop prices boon for country
21/08/2008 (The Bangkok Post) - Ample exports and high farm prices will buffer the Thai economy from global economic woes, said M.R. Pridiyathorn Devakula, a former finance minister.
Chin: Biofuel production won’t erode food supply
21/08/2008 (The Star Online) - THE PROMOTION of the biofuel industry will not affect food supply from palm oil-based products, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
