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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
CPO futures end mostly higher on soybean oil gains
Malaysian end of July palm oil stocks hit near two-year high
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Tenaga lifts purchase price of electricity from biomass waste
7/8/07 (Business Times) - TO encourage the private sector to generate energy from biomass resources, Tenaga Nasional Bhd (TNB) has increased the purchase price of electricity produced from palm oil biomass waste to 21 sen per kilowatt hour fromincreasing price, better REPPA and more money from CDM, renewable energy will become a viable project," he said.
Imports of sensitive items up 11.6% in Apr-Jun
7/8/07 (The Econimic Times) - NEW DELHI: India's import of sensitive items went up by 11.6 per cent in the first quarter to Rs 4,877 crore from Rs 4,371 crore in the same period last year, led by a sharp rise in the import of edible oils.
Importers slip on palm oil duty mix-up
26/7/907 DELHI: The government on Wednesday clarified the actual duty cut on crude palm oil was 5% and not 10% as notified on Tuesday. The bureaucratic error threw the domestic vegetable oil market into turmoil. The market, which fell sharply on Tuesday, rose again on Wednesday after it was confirmed the duty on crude palm oil was finally 45% and not 40%.
Synergy Drive to be world's largest player
6/8/07 (The Star) - SYNERGY Drive Sdn Bhd is poised to be the most liquid stock with the largest market capitalisation on Bursa Malaysia, given its status as the world's largest oil palm plantation group and potentially, Malaysia's largest property developer.
Industry, Consumers Clash Over Chocolate
7/8/07 (AP) - Like many battles, this one's being fought block by block. Victory, for whoever prevails, will be sweet. Or bitter or even bittersweet.
High CPO prices not affecting palm oil exports
19/7/07 (The Edge Daily) - The current bullish trend of crude palm oil (CPO) prices would not have a severe impact on Malaysia's palm oil exports, but may lead buyers to switch to other oils that are less expensive.
India, Asean seek to wrap up FTA talks by July-end
19/7/07 (The Financial Express) - NEW DELHI, With tariff cut on edible oil being one of the main unresolved issues, India and Asean are entering into two crucial meetings, including one on Friday, hoping to wrap up their talks on the proposed Free Trade Agreement in goods by this month-end. Talks on inking a pact on services and investments will follow the FTA.
Cut down oil palm on river banks, plantations warned
16/7/07 KINABATANGAN (Borneo Bulletin) - Stop planting oil palm trees on river banks or risk getting your licence revoked by the Ministry of Plantation Industries and Commodities.
International rates fall Edible oil prices still high
16/7/07 (The News) - KARACHI: The local ghee and cooking oil manufacturers are still not willing to revise the prices of their products downwards despite a substantial fall during the last 15 days in palm oil prices in the international market.
