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Borneo Project Aims to Save Forest, Boost Livelihood
SINGAPORE (Reuters) – An Indonesian firm hopes to save an area three times the size of Singapore from logging, by enticing locals to protect the forest while potentially earning itself millions from selling carbon credits. The key to the Katingan peat conservation project is the value of the c...
Palm Oil Exports Fall 19 Percent in December
KUALA LUMPUR: Malaysian palm oil exports declined 19.47% to 1.21 million tonnes in December compared with November’s offtake of 1.5 million tonnes, the Malaysian Palm Oil Board (MPOB) announced yesterday. Production of crude palm oil (CPO) dropped 4.73% to 1.52 million tonnes in December from 1.6 mi...
Oil World Believes Palm Oil Prices Will Remain High
HAMBURG: Global palm oil prices are likely to remain high in coming months despite recent weakness, Hamburg-based oilseeds analysts Oil World forecast yesterday. “Palm oil prices will indeed be supported in the next four to six months, considering that soyaoil supplies are still tight in South...
Palm Oil Dips to 2-Weeks Low as Stockpile Rise
PALM oil dropped to the lowest in more than two weeks yesterday after data from Malaysia showed stockpiles of the edible oil climbed 16 per cent last month to the second- highest on record. The contract for March delivery fell 1.1 per cent to RM2,556a metric ton on the Malaysia Derivatives Exchange,...
Outlook Mixed For Palm Oil
Crude palm oil (CPO) prices could fall temporarily on news that the commodity’s stock hit a 13-month high before rising again as demand from China kicks in, traders said. The Malaysian Palm Oil Board reported yesterday that December palm oil stocks surged 15.7 per cent to a 13-month high of 2....
CPO Futures Expected to be Easier
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be easier next week, trading around the RM2,450-RM2,500 per tonne level, dealers said. Interband senior trader Kim Teh said this was due to concern that demand for vegetable oil would be affected following the tighteni...
