Archived News

21/09/05 JAKARTA (Daily Times) - Indonesia is poised to export more palmoil to neighbouring India, the world’s largest edible oil consumer,following its move in cutting base import prices, an industry officialsaid on Tuesday.

20/9//2005 (Chemical Business News) - The director-general (DG) of theMalaysian Palm Oil Board (MPOB) has reported that MPOB will be invitingtenders in Oct 2005 to build a new bio-diesel plant. The new plant, withan initial production capacity of about 60,000 tonnes/y, is to be situatedin Pasir Gudang or Port Klang. The plant requiring an investment ofRinggit 40 M is likely to commence operations by 2006. It is to be jointlymanaged by MPOB and another partner. The major output of the new plantwill be exported to Europe. MPOB plans to use crude palm oil as rawmaterial for the production of bio-diesel and price the bio-diesel atabout $40-50/tonne. About 10 companies so far have evinced interest inoperating the plant.

20/09/05 (The Jakarta Post, Jakarta) - The average price of Crude Palm Oil(CPO) next year is expected to stay at US$360 per ton due to higher globaldemand. CPO is seen to be healthier than other edible oils and is neededfor biodiesel as an alternative to fossil fuel, local association said.

17/09/05 BANGI, (Bernama) -- Favourable weather coupled with improvedyields and increased areas of matured palms are likely to see a bumpercrop for crude palm oil (CPO) in Malaysia this year to 15.3 million tonnesfrom 13.98 million in 2004.

15/09/05 BEIJING (Asia Pulse) - Though edible oil prices stopped fallingand even rebounded slightly thanks to increasing holiday consumption,China's edible oil market as a whole was still in a weak mood in Augustthis year.

17/09/05 MIRI, (Bernama) -- Palm oil biofuel should be considered as analternative to fossil fuels to help alleviate hardships faced by ruralpeople, especially in the remote areas of Sarawak in the face of everincreasing price of petrol and diesel, Chief Minister Tan Sri Abdul TaibMahmud said Saturday.

17/09/05 NEW YORK, (Bernama) -- There are greater opportunities for palmoil (including in partnership with other oils) as one of the replacementoils for partially hydrogenated oils following the current attention ontrans fatty acids and the pending US Food and Drug Administration's (FDA)trans fatty acids rule, says Datuk Haron Siraj, chief executive officer ofthe Malaysian Palm Oil Promotion Council (MPOPC).

17/09/05 BANGI, (Bernama) -- Higher crude oil prices may not be all thatbad, considering that they serve as a double blessing for Malaysia's"golden crop" of crude palm oil (CPO).

16/09/05 KUALA LUMPUR, (Bernama) -- Kulim (Malaysia) Bhd's venture in theSolomon Islands is on track to export its first batch of crude palm oil(CPO) to Europe in the second quarter of 2006.

17/09/05 (Business Times) - KULIM (Malaysia) Bhd, which owns some6,500ha of oil palm plantations in the Solomon Islands, plans to fork outabout RM70 million to rehabilitate its oil palm operations and millingfacilities there.

16/09/2005 (Business Times) - GOLDEN Hope Plantations Bhd has bought a40 per cent stake in Savola Morocco S.A., a subsidiary of Saudi Arabia'spublic-listed company Savola Edible Oils Co Ltd for RM45.8 million.

6/09/05 (The Star) - THE Malaysian Palm Oil Board (MPOB) will distributea business directory on "Who’s who in the palm oil industry" during thefive-day 2005 Palm Oil International Congress, or better known as PIPOC,from Sept 25.