Archived News

Friday February 11, 2005 - OIL palm planters can increase their yields toup to five tonnes a hectare annually compared to the current four tonnesby implementing better management practices, said Malaysian Palm OilAssociation (MPOA) chief executive M.R. Chandran.

Nagapattinam (Tamil Nadu), Feb 13 : Cargo handling at the port here, whichremained suspended since the tsunami strike in December, resumed todaywith the arrival of a Indonesian steamer carrying edible palm oil crude.

MEDAN, Feb 8 Asia Pulse - Indonesia's exports of crude palm oil (CPO) andits derivative crude olein to India may increase in the next few monthsfollowing a decision of the Indian government to lower the beta karotenecontent of crude palm oil.

KUALA LUMPUR, Feb 11 (Bernama) -- After the success in producing dieselfrom palm oil and vitamin products from palm kernel, the oil palm industryhas entered into a new phase which promises substantial income for thecountry.

ISLAMABAD, Feb 10 Asia Pulse - The Pakistan Vanaspati Manufacturer'sAssociation (PVMA) has proposed to the government to raise the customsduty on import of crude palm oil (CPO) to provide a level-playing field tothe local manufacturers.

KUALA LUMPUR, Feb 10 (Bernama) -- Malaysia and Pakistan are expected tohold discussions on enhancing economic cooperation, including on theproposed Free Trade Agreement (FTA), during the visit by Prime MinisterDatuk Seri Abdullah Ahmad Badawi to Pakistan next week.

AMSTERDAM, Feb 8 (Reuters) - Oils producer Loders Croklaan has startedconstruction of what is expected to be Europe's largest palm refinery atthe port of Rotterdam, the firm and port officials said on Tuesday.The plant will process 2,500 to 3,000 tonnes of crude palm oil a day andbecome operational in the last quarter of this year, Loders Croklaan saidon its website.

02/09/2005 14:59 - Imports of palm oil to Russia continue to increase.According to official data, in December 2004 the country imported 71,000tonnes of this product, which is 50 percent more than in November andtwice as much as in December 2003. Totally, since the start of marketingyear (September) till the end of December Russia exported 48 percent morepalm oil than it had done over the same period of past MY (209,000 tonnesin Sep.-Dec. 2004).

Mumbai , Feb. 7 - POLITICAL pressure, rather than supportive scientificevidence, seems to have won the day for palm oil importers. This is clearfrom the unseemly hurry shown by the Ministry of Finance in diluting thecarotenoid condition.

2/7/05 - Oilmandi - THE Finance Ministry's decision on January 31 not toreduce the tariff values on imported edible oils, contrary to generalexpectations, seems to have been prompted mainly by revenueconsiderations.An indication of this is that the Central Board of Excise and Customs(CBEC) had, on January 13, actually approved a reduction in the tariffvalues for the entire palm oil complex.

JAKARTA, Feb 7 Asia Pulse - Indonesia hopes to export up to 1.2 milliontons of crude palm oil (CPO) to India in 2005, up from 960,000 tons in2004 with the relaxation of import restriction..The surge in export is possible with the abolition of the regulationrequiring a minimum content of beta carotene for CPO allowing to enterthat country.

2/7/05 Oilmandi - Indonesia physical palm oil prices higher today onexpectations of higher exports following India's decision to relax CPOimport rules. CPO in Medan at IDR3,280/kg vs IDR3,248/kg last week. "Thenews is very positive for the market," says trader in Jakarta. RBD PalmOlein at IDR3,650/kg vs IDR3,600/kg last week. Indonesia Palm OilAssociation, or Gapki, says Indonesia's CPO exports to India may increase25% to 1.2 million tons this year vs 960,000 tons in 2004 as India hasrelaxed beta-carotene content rules for imported CPO