Archived News

April 23 2004 - MALAYSIAN palm oil prices are on track to hit RM2,200 atonne by next month despite a slight hiccup in prices and plans byPakistan to refrain from buying the commodity, analysts said.

4/21/2004 - Strikes plaguing Brazilian ports cost the country some $500million last week alone, the government said Monday.

4/21/2004 - Designed to serve both industry and consumers, the newlyre-designed American Palm Council Web site promotes a better understandingof this naturally trans fat free, nutrient rich oil - its health benefitsand applications.

(New China News Agency) Beijing, 19 April - The Chinese Ministry ofAgriculture on Monday [19 April] announced the country will subsidizegrain farmers who plant high-quality soybeans, wheat, corn and rice.According to the ministry, farmers growing high-quality soybeans, wheatand corn will get 150 yuan of subsidy per hectare, and those planting ricewill be subsidized 150 to 225 yuan per hectare.

MEDAN, N. Sumatra, April 21 Asia Pulse - Indonesia's crude palm oil [CPO]production is expected to increase from 9.9 million tons in 2003 to 10.4million tons in 2004, chief of the Indonesian Palm Oil ProducersAssociation (GAPKI), Derom Bangun, said.

KUALA LUMPUR, April 21 (Bernama) -- Lumut Port handled close to onemillion freight weight tonnes of cargo in the first two months of thisyear, it announced Wednesday.

KOTA KINABALU, April 21 (Bernama) -- Sabah should speedily attractinvestment to its oil palm sector so as not to lose out to neighbouringstates and provinces which are similarly engaged in drawing investment tothis area, the State Assembly was told Wednesday.

JAKARTA, April 15 Asia Pulse - The CPO (crude palm oil) production of PTAstra Agro Lestari Tbk (AALI) in the first quarter of 2004 increased by30.5 per cent from 140,910 tons in last year's corresponding period to183,956 tons, which includes 71,787 tons (39 per cent) of super CPO.

JAKARTA, April 16 Asia Pulse - Low investment in research into theoleochemical industry has caused sluggish development of the crude palmoil-based industry in Indonesia, a researcher of the Indonesian Instituteof Sciences (LIPI) said.

Thursday April 15, 2004 - MOST research houses have placed a buy call onplantation stocks, especially select pure plantation players, inanticipation of continued bullishness in crude palm oil (CPO) prices andtightness in global edible oils supply.

Kampala, Apr 15, 2004 --LL investors who engage in producing andprocessing of palm oil will be awarded concessions in order to ensurespeedy development of the sector, Sam Kuteesa, the finance minister incharge of investment has said.

Friday April 16, 05:09 AM - CHICAGO (Reuters) - Phil Sokolof, amillionaire industrialist whose own near-fatal heart attack at age 43spurred a crusade against the evils of fatty foods, died on Thursday, hisorganization said.Sokolof, 82, died in an Omaha, Nebraska, hospital after a short illnessthat was not heart-related, said a spokeswoman for the National HeartSavers Association, the organization he founded in the mid-1980s.