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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
Golden Hope Relaunches Cooking Oil Brands In South
KUALA LUMPUR, July 22 (Bernama) -- Golden Hope Plantations Bhd relaunchedHolsum and Crispa, two cooking oil brands acquired by its wholly ownedSouth African subsidiary Hudson & Knight (Pty) Ltd from Unilever SouthAfrica (Proprietary) Ltd in April.
Indonesia Seeks $560M for Palm Oil Farms
JAKARTA, Indonesia (AP) -- Indonesia is seeking US$560 million (euro460million) to develop massive palm oil plantations along the Malaysianborder in Borneo, the agriculture minister said Tuesday.The plantations are expected to occupy 214,000 hectares (528,800 acres) ofland in Kalimantan province, providing more than 100,000 jobs, AntonApriyantono said.
Malaysian Palm Oil Prices Fall As Ringgit Rises
Friday July 22, 2005, KUALA LUMPUR (Dow Jones)--Malaysian palm oil pricessaw the sharpest decline in more than a month Friday after the governmentlate Thursday put the Malaysian currency under a managed float regime,moving away from a fixed exchange rate of 3.8 to the dollar.
Market-force planets are aligning: biodiesel fuel
7/22/2005 USA - Some market-force planets are aligning, which may allowbiodiesel fuel to compete with its big petroleum cousin. Cost andsubsequently availability of the organic-based fuel have blocked anyserious entry into the market. Now, that may be changing. Rising petroleumprices and a new tax incentive are beginning to close the cost gap betweenpetroleum diesel and biodiesel.
Minor Impact On M'sia's CPO Prices Despite De-pegg
KUALA LUMPUR, July 23 (Bernama) -- The de-pegging and consequentstrengthening of ringgit may have a temporary and minor impact on palm oilprices as they are traded in the U.S. dollar, the Parliamentary Secretaryto the Ministry of Plantation Industries and Commodities, Ng Lip Yong,said Saturday.
Scrapping Of Ringgit Peg Will Have Minimal Impact
KUALA LUMPUR, July 23 (Bernama) -- Contrary to widespread expectationsthat commodity exports will be affected by a stronger ringgit followingthe decision to move it to a managed float vis-a-vis the U.S. dollar, anindustry official said "it will have a minimal impact on the edible oilsindustry."
Analysts: CPO price prospect looks good
Monday July 18, 2005 - POOR weather conditions in major oilseed producingcountries spells good news for the crude palm oil (CPO) price outlook withcommodity analysts projecting an average of between RM1,400 and RM1,500per tonne this year, and RM1,600 per tonne next year.
Brasher: Palm oil, Intruder in fuel market?
July 17, 2005 Washington, D.C. - It's a rule of Washington politics:Enact a subsidy and someone you didn't expect will come looking for it.
CBIP’s unit aims to secure more mills projects
Thursday July 21, 2005 - CB Industrial Product Holding Bhd's (CBIP)wholly-owned subsidiary, Modipalm Engineering Sdn Bhd, wants to focus onsecuring more automated palm oil mill projects as part of its strategy togrow its business.
