Archived News

COLOMBO, Oct 18 (Bernama) -- Sri Lanka's Plantation Ministry is planningto impose a tax on all palm oil products in the forthcoming budget in aneffort to curb increasing palm oil imports.

(Daily News) Sri Lanka - Oct 17 1:20 PM - The Plantation Ministry hasproposed the imposition of an import tax on all palm oil products in nextyear's budget with a view to control the increasing flow of palm oil intothe country.

U.S. (The Record) Oct. 14--Duraflame Inc. has reinvented the log.

BANGKOK, Oct 17 (TNA) - The government plans to invest nearly a hundredmillion baht into convert ing deserted farmland in the South into palm oilplantations.

KUALA LUMPUR, Oct 15 (Bernama) -- Felda will give RM300 in special paymentto 112,775 settlers country-wide for Hari Raya Aidilfitri and New Year,its chairman, Tan Sri Dr Mohamed Yusof Noor, said Friday.

Friday October 15, 2004 - GOLDEN Hope Plantations Bhd aims to improve itsoil extraction rate (OER) for palm oil to 25% from 30 tonnes of freshfruit bunches (FFB) produced per hectare per year in five years.

14/10/04 NEW DELHI (Dow Jones)--India's edible oil imports in Septembertotaled 575,885 metric tons compared with 480,150 tons in thecorresponding month last year, the Solvent Extractors' Association ofIndia said Thursday.

KUALA LUMPAR, Oct 14 Asia Pulse - Kim Loong Resources Berhad (KLRB)announced Wednesday that it had entered into a joint venture with Dr GeePing Tou to cooperate on the construction of a Laboratory Plant.

KUALA LUMPUR, Oct 14 (Bernama) -- OSK Securities said palm oil plantationstocks remain "underweight" in its view as it believes the outlook for theprice of crude palm oil (CPO) remains bearish."The CPO price could stage a rebound during the upcoming lowproduction season... However, so long as (production) levels remain above1 mln mark, (the sector's) ability to sustain a price recovery remainsquestionable," OSK said in a research note.OSK said the CPO price was at 860 rgt per ton when the inventory levelwas above 1 mln ton mark in Oct 2001. This is 59 pct below prevailingmarket price, it said."This indicates much of the expectation of strong demand due toChina's imports could have been discounted. We are also of the opinionthat the El Nino factor is overhyped, given that a mild El Nino will nothave a negative impacton production," it said.OSK said it also maintaining its "neutral rating" on the plantationsstocks it covers as they trade at OSK's fair values for them or close tofair values.At 10.29 am, PPB Oil was down 0.02 rgt at 3.36, IOI Corp down 0.10 at9. 15, Golden Hope down 0.02 at 4.00, while Kuala Lumpur Kepong wasuntraded.(1 usd = 3.8 rgt)

The Edge Daily - Oct 13 6:33 AM - Crude palm oil (CPO) prices are expectedto stay above RM1,400 per tonne for the next six months given the gooddemand for the commodity and low supply in the first quarter of next year,Golden Hope Plantation Bhd group chief executive Datuk Sabri Ahmad says.

BS Regional Bureau in Ahmedabad | October 13, 2004 11:54 IST - Edible oilcompanies across the country are setting up their units in Kutch to availof the tax holiday announced by the Central government. Centre hadannounced the tax holiday after the region was hit by a devastatingearthquake in January 2001.

10/12/04 Oilmandi - Malaysian cash palm oil mkt little changed as demandremains slow; Nov RBD palm olein offered unchanged at $417.50/ton with notrades reported so far. Locally delivered Oct CPO offered up MYR5 atMYR1,480. Traders