MEDIA AND RESOURCE CENTER

Palm oil prices to rise to RM2,400/T by end-March — analyst Mistry

22-Jan-2019
Benchmark palm oil prices are expected to rise to RM2,400 a tonne by end-March, according to forecasts by industry analyst Dorab Mistry, as the market has "bottomed out". The price forecast by Mistry, who is also the director of Indian consumer goods company Godrej International, assumes a Brent crude oil price of US$70-US$90 per barrel, he said. "The market is hoping to see combined Malaysian and Indonesian stocks decline to about 6 million tonnes by April-May 2019," according to a presentation for an industry conference in Karachi that was viewed by Reuters.

Don’t ignore palm oil’s power to alleviate poverty and improve health

22-Jan-2019
The World Health Organization’s (WHO) recent bulletin contained an article focused on the palm oil sector. The article was full of errors, omissions, assumptions and other evidence of bias. The fact that those biases exist is a major problem, but the wider problem is the following: The WHO article’s stated concern was that the palm oil industry focuses on “lobbying”, to the detriment of scientific evidence. And yet, here is an article from the WHO focused exclusively on regurgitating the talking points of anti-palm oil lobbyists, while ignoring voluminous scientific evidence that highlights the benefits of palm oil.

Palm edges lower, on track for second day of declines

18-Jan-2019
Malaysian palm oil futures edged lower in a range-bound trading on Thursday ahead of likely price forecasts at an industry event and as crude oil prices fell. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange eased 0.1% to RM2,174 a tonne at noon, heading for a second straight session of losses. Trading volumes stood at 10,288 lots of 25 tonnes each at the midday break.

Palm oil may fall to RM2,150

18-Jan-2019
Palm oil may fall to RM2,150 per tonne, to fill a gap forming on between Jan 15 and Jan 16. The gap was basically due to a switch of the contracts between the front month and the second month. It looks like a common gap which will be filled. The gap is not powerful enough to alter the bearish readings. An uptrend from RM1,940 is still believed to have peaked around RM2,198, the 176.4% projection level of an uptrend from RM1,979.

Malaysia urges WHO to retract, rectify discriminatory palm oil report

18-Jan-2019
The Primary Industries Ministry said today it will utilise all available channels to urge the World Health Organisation (WHO) to retract or rectify its report that drew a parallel between lobbying tactics used by the palm oil industry and those in the alcohol and tobacco sectors. According to news reports, WHO had in a study published last week claimed that the tactics were used to influence public and political discussion on health and environmental effects of palm oil products.

Palm falls on weaker US soyoil, crude oil prices

17-Jan-2019
Malaysian palm oil futures edged down on Wednesday, though remained range-bound, tracking weakness in soyoil overnight on the U.S. Chicago Board of Trade and crude oil prices. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,175 ringgit ($529.45) a tonne at the close of trade.

Malaysia sends letter to France over declassification of palm oil

17-Jan-2019
Malaysia has handed over a letter to France explaining its position on the French National Assembly’s decision to declassify palm oil as biodiesel feedstock in the country. Foreign Minister Datuk Saifuddin Abdullah said the letter from Prime Minister Tun Dr Mahathir Mohamad to French President Emmanuel Macron was handed over to the French Ambassador in Kuala Lumpur on Monday. On Dec 19, 2018, the French National Assembly adopted an amendment to its 2019 Budget to exclude the use of palm oil as biodiesel feedstock and to end tax incentives for palm oil as of 2020.

More at MPOC’s HQ

Alexander Payne On ‘Nebraska’ Why He’s Not Making Fun Of People From The Midwest

Alexander Payne takes a direct approach to interviews. He’s certainly not there to make the interviewer feel comfortable, but it’s rarely ever truly contentious. One subject, however, Payne doesn’t like is the accusation that the Omaha born director behind “Election,” “Sideways” and “About Schmidt” is somehow belittling his Midwestern subjects. It’s obvious how much Payne loves these characters, which is why his newest film, “Nebraska,” just might be one of the most accurate depictions of modern life in the Midwest put on film.

In “Nebraska,” out Nov. 15 in limited release, David (Will Forte) has given up on trying to explain to his father, Woody (Bruce Dern), that the $1 million dollars Woody “may have already won” from a magazine subscription service is a scam. After a few incidents where a confused Woody tries to walk from Billings, Mont. to Lincoln, Neb. in cheap michael kors an ill fated attempt to pick up the prize, David decides to drive Woody to Nebraska himself. On the way, the father and son stop in their old hometown where, now, Woody is a local celebrity due to his “good fortune.”

Payne is in New York City for the New York Film Festival premiere of “Nebraska.” We spoke the day after its successful Tuesday night screening about the nuances that go into making a black and white movie set in Nebraska (as Payne’s mother said, filming the state of Nebraska in color would be “stupid”) and why the dynamics between Michael Kors from China his cast Dern and June Squibb as the parent, Forte and Bob Odenkirk as their sons was so important.

Having grown up in Missouri, “Nebraska” might be one of the greatest representations of people in the Midwest I’ve seen.

Well, (A), I’m from the Midwest I’m from Omaha and I still live there and (B) I try to be observant and (C) I try to represent what I observe in films.

After I saw the film, I was asked by people not from the Midwest if I thought the movie makes fun of Midwesterners. I said, “No.”

Whenever I get the cheap michael kors question, “Are you making fun?” or if I’m being accused of feeling superior to the characters, it’s usually by people who themselves feel superior to others. At least I think so. I remember when “Fargo” came out, the Coen brothers got some shit for making fun. People in Minnesota peed their pants that movie was so funny. Are you kidding me?

I can’t imagine anyone Replica Michael Kors Handbags in the Midwest is going to think that they are being made fun of.

I get more comments or questions about how I seem to love my characters than I do about how I seem to be making fun of those, so, michael kors handbags whatever. Look, I just make them. And I can’t change how anybody sees the film. So, whatever.

I thought people that I know were just asking me that, I am surprised people are asking you that.

Yeah, from time to time. Or I’ll read it in a review or something.

I do love the two local bars in the movie that look exactly the same. Especially with Chicago’s “We Can Last Forever” playing in the background.

[Laughs] Yeah, right. Very accurate, yeah. We tried about 50 songs for that scene trying to find stuff that melded well with the rhythm of the dialogue that seemed completely believable in that bar and that we can afford. And that’s the one we landed on. One I was temping with for weeks that I also loved was [Three Dog Night’s] “Never Been To Spain.” That one works, too.

It’s interesting you michael kors outlet filmed this in black and white because the look did remind me of the cover of Bruce Sprigsteen’s “Nebraska.”Was there any influence?

[Laughs] No.

I guess my point is that the perfect image of Nebraska is in black and white. Why does Nebraska work so well in black and white?

I don’t know. My mom said my mom saw it last night and she said in the car driving home, she goes, “Now I see why you had to make it in black and white. It would have Michael Kors from china been stupid in color.” I said, “Mom, I’m going to use that line.” [laughs]

When I first heard that you wanted to cast Gene Hackman as Woody, I was really excited by that prospect. But now I can’t imagine anyone but Bruce Dern playing Woody.

I have to correct you michael kors handbags a little bit, in that my very first thought when I read the script nine years ago was Bruce Dern. And Gene Hackman, I definitely tried to meet, but he won’t meet anyone right now. He’s retired. And it got out that I was trying to meet him I met like 50 guys but I couldn’t meet Hackman. But he’s an obvious one you’d want to cross off the list. But, anyway. I wound up circling back to Bruce.

Did Will Forte’s casting come as a result of how he worked with Bruce Dern? If it weren’t Bruce Dern, would someone else have played David?

Yes. Well, the casting director John Jackson michael kors outlet and I were trying to put together the right cast, whom we believed were also in the same family. So, everything stemmed from casting Bruce first because that was the hardest part to cast, Woody. We believed that Woody would marry June and we believed that Will Forte and Bob Odenkirk could be brothers and be sons of that couple. Had I cast another Woody, I michael kors handbags outlet had other people besides Will and Bob who, in a different version, the movie could have worked.

Those two make a good comedic team, obviously both of their “SNL” backgrounds help.

Had I cast another Woody, the number two lineup of sons would have been very dark fellows. They could have been very believable brothers, and both are super funny . but that wasn’t how it worked out. We were very concerned about creating believable families. That’s the point.

I do wish the football game they were watching was a Chiefs game as opposed to the Lions and Bears.

[Laughs] Can’t help you, pal.

“Nebraska” had success at Cannes, but I feel it’s going to play better to people here.

I’ve had much more successful screenings, I feel, at Telluride and New York than I had at Cannes. I think the American audience understands a lot more of the subtle jokes.Articles Connexes: