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Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price forecast to climb for rest of the year
CPO price strength could dissipate through end-2024, says BMI
Edible oil imports decline to a 9-year low in Feb.
17/3/07 (Myiris.com) - Edible oil imports declined to a nine-year low in February with domestic stocks of rapeseed and cottonseed helping to save outflow of foreign exchange towards the purchase of oils.
India, biofuels will help palm oil sizzle
14/3/07 KUALA LUMPUR (Reuters) - Palm oil prices are set to jump more than 20 percent by year-end as global oilseed stocks get depleted and demand from the food and fuel sectors surges, industry officials said on Wednesday.
FIMA enters oil palm
14/3/07 (The Star) KUALA LUMPUR - FIMA Corp Bhd expects its foray into the oil palm plantation business to become profitable by 2010 and contribute about 50%, or RM30mil, to net profit by 2012.
Rise in land, building costs pushes up house prices
17/3/07 (Daily Express News) Kota Kinabalu - The increase in land and building costs have pushed up prices of residential properties and those wishing prices of houses would drop may be disappointed.
India to cut palm oil duty again as imports rise - Mistry
14/3/07 KUALA LUMPUR (Reuters) - There is a strong possibility India may cut palm oil duties again in May as India's imports of the commodity rise, Dorab Mistry, a leading palm oil analyst, said on Wednesday.
Scientists develop palm-like oil from non-tropical plants
3/13/2007 (Food Navigator.com) - Using GM techniques to change the activity of a plant enzyme could convert unsaturated oils in the seeds of a temperate plant to the more saturated kind usually found in tropical plants like palm oil, new research suggests.
Oil palm plantation foray into south Thailand mulled
14/3/07 (NSTP) - MALAYSIA, which already has sizeable oil palm plantations in neighbouring Indonesia and Papua New Guinea, now plans to expand to southern Thailand under a government-to-government initiative.
FimaCorp expects RM40m profit from Indonesian palm oil by 2012
13/3/07 (The Edge Daily) - Fima Corporation Bhd (FimaCorp) expects its oil palm plantation in Kalimantan, Indonesia to contribute RM30-RM40 million in net profit by its financial year ending March 31, 2012 (FY12), its managing director Roslan Hamir said.
Palm Oil to Advance on Demand, Biofuel
12/3/07 (Bloomberg News) - The price of palm oil, the world's most traded vegetable oil, will surge this year as demand increases, the impact of drought curbs supply in Southeast Asia and more governments mandate the use of alternative fuels.
