Archived News

20/12/04 (Dow Jones)--Drop in Indonesia November palm oil exports (592,143tons, down 27%, Sucofindo says in report seen by traders) unlikely to havemuch impact on prices as already factored into market. Weakness notsurprising as figures for Malaysia issued recently also showed steepdecline. Consumers have been slowing down purchases as already wellstocked, traders say.

20/12/04 (Dow Jones)--Malaysia's 2004 CPO production likely to surpassearlier MPOB forecast of 13.66 million tons, traders say. Output inJanuary-November at 12.66 million tons, already above earlier MPOBprojection for the period at 12.39 million. But higher-than-forecast 2004output not surprising as MPOB figures considered conservative; most marketplayers already expecting production about 13.8 million tons.

YANGON, 12/20 - Myanmar will start implementing a 12.3-million-US-dollaredible oil project next month, funded by the Organization of PetroleumExporting Countries (OPEC) to help upgrade its oil crops production forself-sufficiency, the local Myanmar Times reported Monday.

Tuesday December 21, 2004

NEW DELHI, Dec 20 (Bernama) -- Datuk Seri Abdullah Ahmad Badawi saidMonday that Malaysia and India must now work towards greater economic andtrade cooperation, but cautioned that bilateral trade should move awaytraditional items like crude petroleum and palm oil.

Tuesday December 21, 2004 - TDM Bhd, a Terengganu state owned company,hopes to be a major player in the palm oil industry in the next five toseven years with the addition of about 100,000ha to 120,000ha to itslandbank, executive director Datuk Alwi Said said.

NEW DELHI, Dec 20 - PRIME Minister Datuk Seri Abdullah Ahmad Badawi’sproposal that a Free Trade Agreement (FTA) between Malaysia and India beexpedited to boost trade and economic ties was given the "thumbs up" bytop Indian businessmen at a high level forum here yesterday.

NEW DELHI, Dec 18 (Bernama) -- The 47-year-old Malaysia-India relationswill be given a fresh impetus with Prime Minister Datuk Seri AbdullahAhmad Badawi's visit here Sunday, which is expected to further deepeneconomic partnerships between both sides.

Sunday December 19, 2004 KUALA LUMPUR: Ecofuture Bhd, an oil palm biomasstechnologist firm, is expected to invest RM30mil to set up a pulpproduction facility using oil palm biomass in Segamat, Johor.

KUALA LUMPUR, Dec 17 (Bernama) -- Local industries processing fibre fromempty fruit bunches (EFBs) of oil palms should not only produce Ecomat, abio-degradable mulching and soil erosion geotextile mat, but also otherproducts, said the Minister of Energy, Water and Communications, DatukSeri Dr Lim Keng Yaik, Friday.

New Delhi, Dec 19 : Malaysian Prime Minister Abdullah Ahmad Badawi arrivedin New Delhi today for a five-day visit.

Friday December 17, 12:00 PM KUALA LUMPUR (Dow Jones)--Foreign exchangerates and crude oil prices, issues not normally associated with palm oil,may emerge as major influences on a market that otherwise appears set fora bearish year in 2005.