Archived News

Higher Cargo Handling Capacity By Johor Ports

KUALA LUMPUR, June 15 (Bernama) -- Malaysia's crude palm oil (CPO) outputrose 6.87 percent to 985,063 tonnes in May this year from 921,709 tonnesin April, the Malaysian Palm Oil Board (MPOB) said here Friday.Out of this, Peninsular Malaysia's production accounted for 630,575tonnes, up 6.47 percent from 592,247 tonnes in April, it said in astatement here today.

Malaysia cuts supply by burning palm oil as fuelKUALA LUMPUR, June 13, Agence France Presse (AFP) - Malaysia has managedto cut palm oil stocks by 400,000 tonnes to 1.1 million tonnes after itstarted to burn the commodity to generate electricity from late April, areport said Wednesday.The move to use crude palm oil at power plants belonging to state-ownedTenaga Nasional has lifted the current depressed market, said AbdullahTahir, secretary-general of the primary industries ministry."We hope the project will succeed in reducing the national stock to onemillion tonnes by end of the year," Abdullah was quoted as saying by theBusiness Times newspaper.Abdullah dismissed reports of power generators being damaged by burningthe oil, saying that the initiative has been proven to be technicallyfeasible by both Tenaga and the Malaysian Palm Oil Board.The newspaper said the program was limited because 80 percent of Tenaga'spower generators are currently gas-fired.Crude palm oil must be blended with either diesel or medium fuel oil forburning at power stations. Tenaga's power plant in the northern state ofPenang is the only one still powered by medium fuel oil.Malaysia, the world's largest palm oil producer, has watched with dismayas the price plunged from a high of 2,377 ringgit (626 dollars) a tonne in1998 to around 800 ringgit currently.The government has also begun a replanting project as part of efforts toreduce stocks and lift sagging prices.

KUALA NERANG, June 15 (Bernama) -- A cabinet level committee meeting wouldbe held next Tuesday to formulate appropriate guidelines towardsstandardising funds that provide various aids for rubber and oil palmsmallholders, said Rural Development Minister, Datuk Azmi Khalid.

Argentine soybean prices rise on low supplies

CHINA PALM OIL - DROUGHT NO HELP TO GLOBAL PRICES

CPO Price Outlook This Year Less Encouraging

EU And Asia Alternative Export Destinations For M'sian Products

MDEX To Add Two More Trading Instruments Early Next Year

Nigerian state offers Malaysians free land for growing oil palmKuala Lumpur (The Star) Thursday, June 14, 2001 - NIGERIA'S Cross RiverState has designated 100,000ha of land suitable for oil palm cultivationto be given free to Malaysian investors interested in embarking on theproduction of palm oil there, its governor Donald Duke said.The free land would serve as an incentive for Malaysian investors to helprevive the sector in Nigeria, which was neglected after the country'sincreased involvement in the oil and gas industry, he said."In the 60s, Nigeria was one of the world leaders in the production andexport of palm oil, but we have now become a net importer," Duke said,adding that the commodity was sourced mainly from Malaysia, Indonesia andneighbouring Cameroon, Ghana and the Ivory Coast.The free land, he said, had been appraised by the Malaysian Palm Oil Board(MPOB) and was found to be suitable for oil palm cultivation. It will comewith a 99-year tenure because of the long gestation period foragricultural crops.Duke was speaking at the Cross River Investment Forum organised by theMalaysian Palm Oil Promotion Council in Kuala Lumpur yesterday.According to Duke, the state government has endeavoured to make theapplication process as simple as possible for interested investors, withthe whole process expected to take only six months."Those interested would have to state their interest by writing a letterto the state government or to the Nigerian embassy for the necessary landtitles to be issued," he said, adding that MPOB had a list of thedesignated areas.The state also was prepared to organise forums between Malaysian andsuitable Nigerian investors if there were parties keen to strike uppartnerships or joint ventures, Duke said.He said the country now imported more than 100,000 tonnes of crude palmoil from Malaysia alone.

World Production Of Oils And Fats To Increase This Year

Brazilian soy mills fear losses due to energy shortageBrazil, Jun 8, 2001 (Valor Economico/SABI via COMTEX) -- Brazilian soyaprocessors may have to decrease production of bran by around 625,000m tonsand oil by around 150,000m tons between July and September if the goal ofa 15% reduction in energy costs is maintained,.