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... "traders expect malaysian palm oil board report to show an uptick of 6 percent in june production he said ... the malaysian palm oil board will announce data on june production and inventories next week ... malaysia's palm oil stocks probably edged 1 ... indonesia palm trades the jakarta-based pt kpb nusantara, formerly known as the state marketing centre, sold 3,500 tonnes of crude palm oil offered in an auction on wednesday with the top price at 7,023 rupiah ($0 ... producers in medan, home to indonesia's main palm oil export port of belawan, did not hold any auctions ... refiners in jakarta offered refined, bleached, deodorised (rbd) palm oil, used for cooking oil, unchanged at 7,350 rupiah per kg, from tuesday ... seperately, pt astra agro lestari tbk offered 500 tonnes of palm kernel oil at its auction at $1,045 per tonne

... following a financing deal signed with norway last week, the southeast asian country plans to revoke existing forestry licenses held by palm oil and timber firms to save its vast rainforests and peat lands that are seen as a carbon sink ... 1 palm oil producer from achieving its 40 million output target by 2020 ... "that target would be achievable if oil palm estates expanded at a rate of 200,000-300,000 hectares a year but not with this ... we will need to boost productivity," derom bangun, vice-chairman of the indonesian palm oil board (ipob) told reuters in an interview ... expansion in indonesia hit 300,000 to 400,000 hectares at the height of the commodity boom in 2007 and 2008 but has fallen back due to pressure from green groups and the financial crisis that had stymied investment into the sector ... this year top planters like singapore listed wilmar and sime darby are gearing up to expand and plant in new concessions across indonesia as land prices soften from record $15,000-$20,000 a hectare in 2008, analysts say ... " output still up green groups say indonesia has huge tracts of tropical forests but a rapid deforestation rate, a practice which releases vast amounts of global warming emission ... industry and government data show that palm oil acreage in indonesia now hovers around 7 ... 9 million hectares indonesia has pledged to cut emissions by 41 percent by 2020 if it gets foreign funding and by 26 percent if it doesn't ... palm oil production is expected to grow 8 ... rival malaysia, the second largest palm oil producer, may well miss its 18 ... 1 million palm oil production target as el nino-driven drier weather hit key growing regions of sabah and sarawak on borneo island