Archived News

Thursday, December 09, 2004 MAASIM, Sarangani, Philippines-- MalaysianMinister for Industrial Development Datuk Ewon Ebin said Wednesday theyare eyeing possible joint ventures in palm oil and fish production withthe Sarangani Provincial Government and local businessmen following athree-day visit here.

09/12/04 (Dow Jones)--China RBD palm olein stocks estimated above 200,000tons currently; assuming daily offtake of around 2,500 tons, may take morethan 3 months for the stocks to be fully absorbed, says Shanghai Pansun.Ample supply likely to limit room for large purchases by Chinese importersin the medium-term, traders say.

09/12/04 (Dow Jones)--USDA 2004-05 soybean crop report due Friday unlikelyto influence edible oil prices as no big changes in figures expected,analysts say. USDA likely to wait until January report for majoradjustments. USDA report typically closely watched by soyoil market, whichin turn affects direction of palm oil, palm oil traders say.

09/12/2004 THAI PRESS REPORTS - In order to earn foreign exchange andprovide sufficient edible oil, crude palm oil factories have beenestablished in Tanintharyi Division. Among the target of establishing 16factories, 12 factories have been completed. The expected installationcost is about 40 million kyats for locally made machinery and 2,000million kyats for imported machinery.

09/12/2004 THAI PRESS REPORTS - A Japanese scientist has unveiled thelatest technology to produce ethanol and bio-diesel to help replace theuse of fossil fuels in the near future.

12/08/2004 13:54 - According to press-service of Russian government, theHead of Government Mikhail Fradkov on December 6 signed a resolution"About Amendments into Customs Code of Russian Federation Regarding PalmOil".

KUCHING, Dec 9 (Bernama) -- Sarawak has continuously registered tradesurpluses since the 1970's and the trend is expected to continue, stateSecond Finance Minister Datuk Seri Wong Soon Koh said.

KUALA LUMPUR, Dec 7 Asia Pulse - Kulim (Malaysia) Berhad has teamed upwith TopPlant Laboratories Sdn Bhd (TopPlant) to produce high-yielding oilpalm clones by plant tissue culture technology.

7/12/2004 KUALA LUMPUR -- Malaysian-based company, Azmin and Sivam Sdn Bhd(A&S), is looking to export edible oils on a monthly basis to Bangladeshfrom the middle of this month.

06 December 2004 19:18 - Russia's government imposes the raw palm oilexport duty of 15% of customs value but at least 0.12 euro per 1 kg. Therespective ruling was sealed by Russia's Prime Minister Mikhail Fradkov onDecember 2, the government press service said. The previous duty equalled5%. New rates will be in forth during 9 months.

7/12/2004 - Work is now under way on building the world's largestbiodiesel plant right in the heart of Teesside. Billingham's BiofuelsCorporation, headed by chief executive John Nicholas, is building a pounds21m plant at Seal Sands to produce renewable fuels from crops such asoilseed rape.

BUENOS AIRES (Dow Jones)--Argentine farmers had planted 67% of thecountry's 2004-05 soybean crop by Friday, the latest AgricultureSecretariat data show.This puts the pace of planting up from a year ago, when 57% of areahad been planted.Total planted area this year is seen at 14.2 million hectares,compared with 14.235 million a year earlier.The crop is evolving normally in most areas.As of Friday, farmers had planted 9,497,670 million hectares.Stable climatic conditions and adequate moisture levels have allowedthe crop to develop smoothly in the provinces of Buenos Aires and Cordoba,the Secretariat said. These two provinces account for almost half ofArgentina's soybean production.The Buenos Aires Cereals Exchange sees the 2004-05 area at 14.7million hectares. As of Saturday, some 10,043,000 hectares have beenplanted, according to the exchange.Neither the exchange nor the Secretariat has formally forecast 2004-05soybean production. The U.S. Department of Agriculture sees Argentina's2004- 05 soy output at 39 million tons.