Archived News

11/08/2005 KUALA LUMPUR, Malaysia (AP) - U.S. commodity trading giantCargill is in talks to buy a Malaysian-based palm oil refinery for about250 million ringgit, or $65.7 million, a newspaper reported Wednesday.

PETALING JAYA, Aug 10 (Bernama) -- Prime Minister Datuk Seri AbdullahAhmad Badawi said the government was formulating a national biofuel policyto encourage the production and use of palm oil based biofuel as analternative and environment friendly energy source.

08/08/05 - THE recent increase in the price of fuel is set to have a highbearing on the transport sector and industry players view the hike withconcern.

10/08/05 KUALA LUMPUR, Malaysia (AP) -- Malaysia will soon start blendingdiesel with palm oil to power cars and electricity generators to reduceits fuel bill, due to record high oil prices, news reports said Wednesday.

Mr Peter Chin, Malaysian Minister for Plantation Industries andCommodities

10/08/05 - MALAYSIA is blowing the dust off its long-neglected farmingsector to look for new sources of economic growth and to reinvigorate itspolitical heartland.

09/08/05 (Bloomberg) -- Palm oil futures may rise as much as 19 percent inthe next 12 months, as India and China buy more cooking oil and recordpetroleum prices boost demand in Europe for substitute fuels, analystsincluding Christine Salim said.

11/08/05 KUALA LUMPUR (Bernama) -- In response to the government's call toproduce and use palm oil-based biofuel, Malaysia Palm Oil Association(MPOA) said that a total of 500,000 tonnes of palm oil would be neededeach year for the purpose.

10/08/05 - IT IS high time for the Malaysian Government to get seriousabout the haze, and not because of its impact on the tourism industry. Thehealth of Malaysians and the economy are at stake.

10/08/05 RIO DE JANEIRO (Reuters): Brazil's 2005/06 (October-September)soya output is set to rise by 22 percent to a record 63.1 million tonnesfrom 51.7 million tonnes this year, private analysts Celeres said onMonday.

09/08/05 JAKARTA, (Asia Pulse) - A number of Chinese investors will buildoil palm plantations with a total investment of US$8 billion along theborder area with Malaysia in Kalimantan.

03/08/05 (The Star) - IJM Plantations Bhd plans to set up a new palm oilmill in Sugut, Sandakan within the next 2½ years.Managing director and chief executive officer Velayuthan Tan said: "Wewill invest about RM30mil for the 30-tonne per hour mill to cater for theanticipated double-digit growth annually in our fresh fruit bunches (FFB)production over the next four years."