Archived News

KUALA LUMPUR, Nov 27 (Bernama) -- Malaysia can further co-operate withPeru in the palm oil, food, rubber and natural gas sectors, said theDeputy Minister of International Trade and Industry, Datuk Ahmad HusniHanadzlah.

Lagos, Nigeria,11/29 - Nigeria has lifted a ban it slammed on theimportation of textiles and five other products from neighbouring Benin.

KOTA KINABALU, Nov 29 (Bernama) -- Sabah Tourism, Culture and EnvironmentMinister Tan Sri Chong Kah Kiat said Monday only three rivers in Sabah arepolluted.

11/26/2004 INDIA BUSINESS INSIGHT - Oilseeds production in India hasstagnated at around 25 million tonnes per annum since the mid-1990s andproduction in 2003-2004 was 25.14 million tonnes.

November 27, 2004 - PETALING JAYA: More than 98,000 Felda settlers will bepaid a bonus of between RM1,000 and RM1,500 each at the end of the year.

CHENNAI, JUNE 19: The oil palm refinery of the Tiruchirapalli-basedCauvery Palm Oil Ltd, is expected to begin commercial production nextmonth. ``We are in the final stages of plant erection and in allprobability it will be commissioned in the second week of July 2003, Mr VR Jayamani, general manager of the project told òf48óFEòf45ó fromTiruchirapalli. This demonstration-crushing-unit is being established atVaranavasi village, Ariyalur Taluk, Perambalur district.

NULL

25/11/04 (Dow Jones)--India oilseeds sowing 6.7 million hectares duringNov. 1-22 period, up from 6.6 million year ago; if sowing for entireseason (until January) higher than last year, oilseeds production likelyto rise, which is bearish for palm oil prices in longer term, traders say.

25/11/04 (Dow Jones)--Weather conditions remain favorable for palm oilcrops, with showers, thunderstorms reported yesterday in Indonesia,Malaysia, says Meteorlogix. More rains expected today before diminishingovernight. Temperatures near normal.

25/11/04 (Dow Jones)--MPOA 2005 crude palm oil production estimate notsurprising; market already expecting limited growth in Malaysia palm oiloutput due to limited land expansion, cyclical factors. But positiveimpact from slow growth likely offset by Indonesian output, which isexpected to be strong in 2005, traders say. MPOA pegging 2004 CPO outputat 13.55 million tons, 2005 output at 13.80 million to 13.85 million tons.

MUMBAI, HYDERABAD, NOV 22: The production of nine major oilseeds in theoil year 2004-05 (November-October) is estimated to be 5.6% lower at 131.5lakh tonne as opposed to 138.9 lakh tonne a year ago, the CentralOrganisation for Oil Industry and Trade (COOIT) said late Sunday after the42nd All India Convention of Oilseeds, Oil Trade & Industry held atHyderabad.

Friday November 26, 2004 - PPB Oil Palms Bhd has agreed to acquire a 65%stake in Indonesian oil palm company PT Karunia Kencana Permaisejati forRM650mil.