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Palm oil drops on global econnomic woesMalaysian palm oil futures dropped to their lowest so far this year on Monday, as investors scrambled for the exit on growing global economic fears that also dragged down broader commodities markets. Palm oil More… |
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No Iran requests for Malaysian palm oil barterIran has not approached Malaysia for barter deals to keep its palm oil supplies flowing as Western financial sanctions hurt it ability to pay for imported food staples, two Malaysian government sources told Reuters on Friday. One of the s More… |
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No Iran requests for Malaysian palm oil barterIran has not approached Malaysia for barter deals to keep its palm oil supplies flowing as Western financial sanctions hurt it ability to pay for imported food staples, two Malaysian government sources told Reuters on Friday. One of the s More… |
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Iran sanctions bite; palm oil supply hitMalaysian palm oil exporters have stopped supplying most of the 30,000 tonnes of the food staple Iran used to buy each month from the Southeast Asian producer. The halt in Malaysia's palm oil exports, which the traders said started lat More… |
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Palm investors could be burnt by fretting over La NinaMalaysian palm oil prices have risen too far too fast and a dramatic fall awaits as traders focus on expectations of stellar output after the first quarter of 2012, while milder than expected La Nina weather promises fewer disruptions than usual. More… |
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World Bank lifts freeze on palm oil investmentThe World Bank has lifted an 18-month global moratorium on lending for new palm oil investments, endorsing a new strategy that focuses on supporting small farmers that dominate the sector. The poverty-fighting institution suspended new inv More… |
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Food price boom puts palm oil in spotlightPalm oil output and stocks already lagging robust demand may come under further strain should the cooking ingredient become the next target for emerging markets seeking to dampen adverse effects of booming food prices, say analysts. A More… |
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Sabic unit to set up oleo-chemicals plantAn affiliate of Saudi Basic Industries Corp (Sabic) plans to start a 83,000 tonnes per year oleo-chemical plant by the end 2013, the first in the Middle East to produce chemical products from renewable feedstock. German Lurgi Gmbh will sup More… |
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Palm oil plunge makes biofuels attractive againThe tide is turning in favour of palm-based biodiesel producers, who aim to boost output in coming months because of improving margins after a near-50 percent drop in palm prices from their record high six months ago. Industry analysts att More… |
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Saudi firms to take part in Palm Oil fairSaudi Arabia-based food companies will make their presence at the first “Malaysia-UAE Palm Oil Trade Fair & Seminar (POTS) 2008. POTS 2008 will be held on May 26-27 at the Grand Hyatt Hotel in Dubai. Major companies include Al More… |
