Archived News

19//4/06 SINGAPORE (Reuters) - Malaysian palm oil prices will likely rise to between RM1,500 and RM1,550 a tonne in the near term from RM1,470 as European demand for alternative fuels grows with the rise in crude oil prices, a top industry official said on Tuesday

18/4/06 Chennai (Business Line) - The Centre has cut the tariff values for palm group of oils by $10 a tonne and that of crude soyabean oil by $6. Earlier, on March 3, the Union Government cut the tariff values for palm group of oils by $4 and crude soyabean oil by $13.For the palm group of oils, this is the third time that the tariff has been cut since March 15. However, on March 15, the tariff value for crude soyabean oil was raised by $13.

KUALA LUMPUR, April 18 (Bernama) -- The Palm Oil Refiners Association of Malaysia (PORAM) is against a total liberalisation of the policy for the palm oil refineries in Sabah and Sarawak.

KUALA LUMPUR, April 19 (Reuters) - Malaysia's biggest shipping group, MISC Bhd , said on Wednesday it had ordered four new chemical tankers from South Korea's STX Shipbuilding Co , for delivery in 2009. MISC, the world's largest carrier of liquefied natural gas and Malaysia's third-largest listed firm, gave no value for the orders, however.

JAKARTA, April 19 (Reuters) - Indonesian plantation company PT Bakrie Sumatera Plantations Tbk plans to jointly build the country's first biodiesel plant to meet a surge in demand for renewable energy, the company said.

17/4/06 (Business Times) - THE Sarawak state government plans to develop two more ports along its coastlines to meet growing demand for sea outlets, in tandem with the economic development of the state.

19/4/06 (Business Times) - MORE licences for palm oil refineries need to be issued in Sabah and Sarawak, the Palm Oil Refiners Association of Malaysia (Poram) said.

18/4/06 PETALING JAYA (The Star) - Agro-based Kumpulan Fima Bhd (KFima) group is fortunate that it was selected by the Malaysian Palm Oil Board (MPOB) as one of three companies that it will jointly build palm oil-based biodiesel plants with.

17/4/06 (The Star) - CRUDE palm oil (CPO) brokers and dealers are crying foul over Bursa Malaysia Derivatives Bhd's move to sell its CPO futures daily settlement prices, particularly to Singapore-based Joint Asian Derivatives Exchange (JADE).

16/4/06 (The Star) - BURSA Malaysia Bhd is currently reviewing the policy on the sale of its crude palm oil (CPO) futures daily settlement price licences to interested foreign-based futures exchanges.

15/4/06 (Manila Bulletin) - The Philippines can take advantage of a soaring coconut oil (CNO) price in the world market that can reach to $ 700 per metric ton (MT) if only local copra production could rise at a stable, hefty rate, arresting the lamentably low usage of the country's oil milling capacity.

17/4/06 PETALING JAYA (The Star) -- Biodiesel and super Vitamin E producer Carotech Bhd's share price rose 3 sen to a record high of 84 sen yesterday on high crude oil prices and a biofuel theme on the New York Stock Exchange (NYSE).