News
‘CPO Price Must Rise 24 Percent to Curb Demand’
Palm oil must rise by as much as 24 per cent to cool export demand as output declines in Malaysia, the second-biggest grower, and dry weather damages canola crops in Europe and Canada, according to Dorab Mistry, a director at Godrej International Ltd. “The market needs to move ahead rapidly so that ...
Palm Oil Sector Aims for RM170 Billion Earnings
Malaysia, which is the world’s second largest palm oil producer, aims to more than triple its earnings in the sector to an estimated RM170 billion by 2020. The commodity contributed RM49.5 billion in export earnings in 2009 or 7.5 per cent of the country’s gross domestic product. Plantat...
‘Beware of Cascading Effects of EU Energy Directive’
MAJOR palm oil producing countries such as Malaysia and Indonesia must be watchful for the “cascading” effects of the proposed European Union’s (EU) Renewable Energy Directive (RED) next year, warned a visiting European economist. The EU may be the first to start on a technical reg...
Palm Futures Higher on Hope of Festive Demand
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday with hope of festive demand and concern over the weather boosting sentiment, dealers said. “CPO prices hit a four-and-a-half month high yesterday,” said one of the traders. He said that soybean pric...
Speakers Presentation at PILA 2010 Event – “The Moral Case of Palm Oil”
Related article : Click here to read on the award recipients for PILA 2010 European Green Protectionism in the Biofuels Sector: A Case for the WTO? by Fredrik Erixon, Director of ECIPE Fredrik Erixon is a Director of ECIPE, which he co-founded in 2006 together with Razeen Sally. Prior to foun...
Palm Ends 5-Day Rally As Buyers Defer Purchases
PALM oil futures dropped for the first time in six days yesterday after a rally to the highest price in more than three months prompted speculation that some buyers may be deferring purchases. October-delivery futures fell 0.3 per cent to close at RM2,562a metric ton on the Malaysia Derivatives Exch...
