Archived News

7/26/2005 Thai Press Reports - Being the no.1 palm oil producer insouthern Thailand, Krabi is positioning itself towards a city of palm oilin response to biodisel promotion and demand.

7/25/2005 (Business Times) - MALAYSIA and Indonesia will soon sign a pacton commodity cooperation primarily to work together, ensure pricestability and eliminate under-cutting between the two countries.

7/21/2005 - Palm oil is now second only to soybean oil in terms of globaldemand, accounting for 28 per cent of total edible oil sales.

KUALA LUMPUR, July 22 (Bernama) -- Golden Hope Plantations Bhd relaunchedHolsum and Crispa, two cooking oil brands acquired by its wholly ownedSouth African subsidiary Hudson & Knight (Pty) Ltd from Unilever SouthAfrica (Proprietary) Ltd in April.

JAKARTA, Indonesia (AP) -- Indonesia is seeking US$560 million (euro460million) to develop massive palm oil plantations along the Malaysianborder in Borneo, the agriculture minister said Tuesday.The plantations are expected to occupy 214,000 hectares (528,800 acres) ofland in Kalimantan province, providing more than 100,000 jobs, AntonApriyantono said.

Friday July 22, 2005, KUALA LUMPUR (Dow Jones)--Malaysian palm oil pricessaw the sharpest decline in more than a month Friday after the governmentlate Thursday put the Malaysian currency under a managed float regime,moving away from a fixed exchange rate of 3.8 to the dollar.

7/22/2005 USA - Some market-force planets are aligning, which may allowbiodiesel fuel to compete with its big petroleum cousin. Cost andsubsequently availability of the organic-based fuel have blocked anyserious entry into the market. Now, that may be changing. Rising petroleumprices and a new tax incentive are beginning to close the cost gap betweenpetroleum diesel and biodiesel.

KUALA LUMPUR, July 23 (Bernama) -- The de-pegging and consequentstrengthening of ringgit may have a temporary and minor impact on palm oilprices as they are traded in the U.S. dollar, the Parliamentary Secretaryto the Ministry of Plantation Industries and Commodities, Ng Lip Yong,said Saturday.

KUALA LUMPUR, July 23 (Bernama) -- Contrary to widespread expectationsthat commodity exports will be affected by a stronger ringgit followingthe decision to move it to a managed float vis-a-vis the U.S. dollar, anindustry official said "it will have a minimal impact on the edible oilsindustry."

Monday July 18, 2005 - POOR weather conditions in major oilseed producingcountries spells good news for the crude palm oil (CPO) price outlook withcommodity analysts projecting an average of between RM1,400 and RM1,500per tonne this year, and RM1,600 per tonne next year.

July 17, 2005 Washington, D.C. - It's a rule of Washington politics:Enact a subsidy and someone you didn't expect will come looking for it.

Thursday July 21, 2005 - CB Industrial Product Holding Bhd's (CBIP)wholly-owned subsidiary, Modipalm Engineering Sdn Bhd, wants to focus onsecuring more automated palm oil mill projects as part of its strategy togrow its business.