Archived News
15-03-2010
Europe Still Largely Depends On Palm Oil, Says MPOC
12/03/2010 (Bernama), Kuala Lumpur - Europe still largely depends on palm oil to meet its oil and fats requirements despite European non-governmental organisations (NGOs) continuing to berate Malaysia over allegations that the commodity damages the environment, says Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron.
15-03-2010
FACTBOX-Neste Oil\'s growing palm oil use for biofuels
12/03/2010 (Reuters) - Market jumps after Fed pledges low rates Motiva reports small leak in Norco hydrocracker US STOCKS SNAPSHOT-Wall St adds gains after Fed decision More Business & Investing News... KUALA LUMPUR, March 12 (Reuters) - Neste Oil (NES1V.HE) could buy 2.4 million to 2.5 million tonnes of vegetable oils for four biofuel plants, putting the Finnish refiner on par with consumer goods giant Unilever (UNc.AS) (ULVR.L) as a top vegetable oil buyer.
11-03-2010
Palm Oil Potentially Strong To Emerge As Major Biofuel If Crude Prices Surge
11/03/2010 (Bernama), Kuala Lumpur - Crude palm oil, along with other edible vegetable oils, has a strong potential to emerge as a major biofuel if petroleum prices increase exhorbitantly, Chief Executive of the Malaysian Palm Oil Council (MPOC) Tan Sri Datuk Dr Yusof Basiron said on Thursday.
11-03-2010
CPO Price May Breach RM3,000 In 2nd Half
11/03/2010 (Bernama), Kuala Lumpur - Crude palm oil (CPO) price will likely breach the RM3,000 per tonne level towards the second half of this year due to production shortfalls, says chief executive officer of Malaysian Palm Oil Council (MPOC) Tan Sri Dr Yusof Basiron.
11-03-2010
World’s largest exporter to export up to 50% of CPO output by 2015
11/03/2010 (The Star Online), Kuala Lumpur - Indonesia, the world’s largest palm oil producer, will only export a maximum 50% of its total crude palm oil (CPO) production by 2015 as the country’s oil palm plantation areas are diminished.
10-03-2010
El Nino may lift CPO futures prices
10/03/2010 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Derivatives Exchange will likely be traded at RM2,800 to RM3,200 per tonne after July as the El Nino hot weather may result in a production shortfall in the second half of this year, said international palm oil expert Dorab Mistry.
10-03-2010
Sabah, Kalimantan Should Be Promoted Together
10/03/2010 (Bernama), Kota Kinabalu - Sabah and Indonesia's Kalimantan provinces should be packaged as one investment destination, says State Industrial Development Minister Datuk Raymond Tan.
10-03-2010
Palm oil output to rise to 46m tons: Oilworld
10/03/2010 (Business Times, Malaysia) - Global palm oil output will rise to 46 million metric tons in the year ending September, from 44.3 million tons a year earlier, according to the March 5 issue of Oil World, a newsletter that provides information on the oilseed industry.
10-03-2010
Palm Oil Demand to Rise Faster Than Production, TransGraph Says
10/03/2010 (Bloomberg) - Palm oil demand will expand faster than output this year as El Nino curbs supply and Asian consumption expands, TransGraph Consulting Pvt. said.
08-03-2010
Malaysia achieves only 17.9pc of oil palm replanting aim
08/03/2010 (The Malaysian Insider), Kuala Lumpur - Malaysia, the world’s No.2 palm oil supplier, has achieved just 17.9 per cent of its replanting target of 200,000 hectares announced at the end of 2008 to shore up prices, a minister said today.
08-03-2010
Malaysia, Indonesia sign crucial palm oil deal
08/03/2010 (Commodity Online) - World's two top palm oil producers, Indonesia and Malaysia have signed a MoU to jointly tackle challenging environmental and labor issues which threaten to hinder the development of the industry in both countries.
08-03-2010
Sarawak a hotspot for palm planters
08/03/2010 (The Star Online), Kuching - Sarawak, which is opening up large tracts of land for oil palm cultivation, has emerged as a “hotspot’’ for plantation investors.