Archived News
10-02-2006
Palm oil may lose ground in Indian mart
10/2/06 (Reuters) - SOYAOIL from South America is set to upstage rival palm oil imports to India due to lower prices and customs duties, and analysts predict tough times for the traditional cooking medium.
08-02-2006
Malaysia's Sabah State Aims To Be Palm Oil Hub
7/2/06 KUALA LUMPUR (Dow Jones)--The Malaysian state of Sabah has embarked on a 10-year plan aimed at transforming itself into the hub of the Asia's palm oil industry, encompassing everything from plantations to processing and logistics activities, said an official involved in the development.
08-02-2006
Indonesia to Grow Oil Palm on Idle Land Along Kalimantan Border
7/2/06 JAKARTA, (Asia Pulse) - The government will grow oil palm on idle land in border areas of East Kalimantan, Agriculture Minister Anton Apriyantono said.
08-02-2006
Perak wants to replace oil palms with rubber trees
8/2/067 IPOH (The Star) -The high rubber price has prompted Perak to consider replanting some of its oil palm acreage with rubber trees.
08-02-2006
Malaysia Carotech Targets Pft Jump, New Mkts
7/2/06 KUALA LUMPUR (Dow Jones)--Malaysia's Carotech Bhd. (0076.KU) is targeting a steep rise in net profit as it expands capacity to meet growing global demand for specialty palm-oil extracted products.
08-02-2006
Carotech building new palm oil facility
7/2/06 (Business Times) - BIOTECHNOLOGY and biodiesel firm Carotech Bhd will buy 13ha in Lumut, Perak, for RM9.7 million to boost its crude palm oil (CPO) production facility.
08-02-2006
Malaysia's commodities exports set to touch RM65b
2/1/06 (Business Times) - THE commodities sector continued to shine last year, with export earnings expected to hit RM65 billion, exceeding the RM62.7 billion recorded in 2004.
08-02-2006
INDONESIAN OFFICIAL SEES SLUMP IN GLOBAL CPO MARKET IN 2008
6/2/06 JAKARTA, (Asia Pulse) - A slump is expected to hit the global crude palm oil (CPO) market in 2008 when total production from Malaysia and Indonesia is estimated to reach 30 million tons, an Indonesian industry official said.
08-02-2006
CPO Prices May Hit MYR1,600/MT In 2006 - Exec
6/2/06 KUALA LUMPUR (Dow Jones)--With global oil prices remaining high, palm oil prices are expected to move to a higher range in 2006 as the commodity stands to benefit from the expansion of the global biofuels industry, a Malaysian plantations industry executive said.
06-02-2006
Malaysian Palm Oil Promotion Council names new CEO
3/2/2006 (India Infoline) - Malaysian Palm Oil Promotion Council (MPOPC) on Thursday announcd that YBhg Tan Sri Datuk Dr Yusof Basiron, a seasoned captain with extensive experience in the palm oil industry has been appointed Chief Executive Officer of MPOPC, effective January 19, 2006.
06-02-2006
Red tape blocking oil palm project
2/2/06 MIRI(The Star) - The people of Ulu Teru district in remote northern Sarawak invested their hard-earned money 10 years ago to buy oil palm seedlings for a project.
06-02-2006
Over 45 pc dip in Nov-Jan vegoil imports
2/2/06 Mumbai (Business Line) - JANUARY saw a further decline in vegetable oil imports. According to preliminary data made available to Business Line by the industry portal Oilmandi.com, arrivals last month totalled 1.88 lakh tonnes comprising approximately 70,000 tonnes of crude degummed soyabean oil, 98,000 tonnes of crude palm oil and about 10,000 tonnes each of refined palmolein and crude sunflower oil.