|
Malaysia welcomes US tariff cut on palm oil, eyes RM21b in exports but warns against overreliance on single market
MPOB: Malaysia urged to diversify palm oil markets amid US tariffs
Palm Oil demand from China and India expected to rise as prices become competitive, says MPOC
Crude palm oil's discount to soybean likely until 3Q, may spur Indian demand — analysts
No Evidence Of Threat To Wildlife Caused By Oil Pa
12/10/05 KUALA LUMPUR, (Bernama) -- There is no evidence of a threat towildlife caused by oil palm plantations, three palm oil-basedorganisations reiterated, Wednesday.
Palm oil industry said destroying indigenous land
12/10/05 (Sabah Daily Express) - Kuala Lumpur: Malaysia's lucrativepalm oil industry and unabated logging are destroying native lands ineastern Sarawak state, while indigenous people are left in extremepoverty, an environment group said Tuesday.
Palm oil plantation gets support from Malaysia
11/10/05 (Mindanao News) - THE Mindanao Economic Development Council(MEDCO) has started consultations with local chief executives on theMalaysian-backed development of palm oil areas in Mindanao.
Golden Hope chief exec on factors driving the rall
7/10/ 2005 (The Star) - PALM oil prices are rallying and so are shareprices of plantation companies on Bursa Malaysia. With IOI Corp Bhdhitting its all-time high and Golden Hope Plantations Bhd at a multi-yearhigh, optimism surrounding plantation stocks is at a near fever pitch. Aglobal push towards biodiesel is a key factor in the increase in crudepalm oil prices, which has a favourable impact on plantation stocks onBursa Malaysia. STARBIZ asked Golden Hope chief executive Datuk SabriAhmad to shed some light on what is happening in the plantation sector andits outlook.
Herbal Based Products A New Agenda For Felda
HERBAL PRODUCTS... Felda Herbal Corporation Sdn Bhd, a new player in theherbal industry, has marketed 19 products under the Biofeld brand. Pix:Melati Mohd Ariff
Malaysia likely to legislate biofuel use
07/10/05 (FT.com) - Malaysia may become the first Asian country to requirethe replacement of diesel fuel with biofuel for vehicles and machinery, inan effort to cut costly fuel subsidies and boost the local palm oilindustry.
Malaysia Sept palm output seen up 5.2%
9/10/05 KUALA LUMPUR (Reuters) - Malaysia’s palm oil output is expectedto have risen 5.2 percent in September over August, slightly lower thanearlier forecasts of 5.7 percent, but the figure is still a record,plantations said.
Malaysia to make biofuel use mandatory by 2008
6/10/2005 KUALA LUMPUR b(Reuters) - Malaysia, the world's top palm oilproducer, will make a palm oil-based fuel a mandatory additive at petrolpumps by 2008, a newspaper said Thursday, part of government efforts tocut its diesel subsidy bill.With crude oil prices expected to remain high, Malaysia is seeking toencourage national use of a biofuel that is made from 95 per cent dieseland 5 per cent processed palm oil.Legislators are expected to pass a law next year to introduce the newproduct, and give motorists a year to try it out before making itmandatory, Plantation Industries and Commodities Minister Peter Chin toldThe Star.The head of the government-run Malaysian Palm Oil Board told Reuters lastmonth that biofuel would be ready at domestic pumps and for export byOctober 2006.Biofuels are taking on new importance worldwide as the cost of petroleumproducts rise and as countries seek to cut emissions to meet the U.N.Kyoto Protocol. Burning the biofuel is considered to be carbon- dioxideneutral and does not require emissions rights.Malaysia, a net exporter of oil and gas, heavily subsidies pump prices ofpetrol and diesel, putting a serious strain on its budget as the cost offossil fuels has surged.The government estimates that it will spend 16 billion ringgit ($4.2billion) on fuel subsidies in 2005, a 34 per cent jump from last year.Malaysia consumes up to 190,000 barrels per day (bpd) of diesel and gasoil. It produces less than 14 million tonnes of palm oil a year, of whichmore than 12 million are exported.Adding 5 per cent biofuel to diesel at pumps will help cut 500,000 tonnesof diesel a year, or about 10,000 bpd, officials have said.
Malaysian oil palm cos eye Indian plantations KL f
07/10/05 Chennai , (The Hindu) - MALAYSIA palm oil companies are lookingat India to invest in plantations and oleo chemical industry.
