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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
CPO futures end mostly higher on soybean oil gains
Malaysian end of July palm oil stocks hit near two-year high
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Strong RM, export slump to affect palm oil
23/3/07 (Insider Asia) - Palm oil statistics released over the past week show continued weakness in export demand, as high prices deter buyers. With crude oil prices back below US$60 (RM208.16) per barrel and the ringgit surging to a new 9.5-year high of RM3.464 per USD, we expect palm oil prices to come under pressure with its competitiveness being eroded further.
Lahad Datu Seen As 'Rotterdam Of The East'
22/3/07 KOTA KINABALU (Bernama) -- A Netherlands team is here to help develop Lahad Datu into "the Rotterdam of the East," becoming the gateway for the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).
Bio-diesel plant to be set up using nuts instead of palm oil
22/3/07 ( Junalo, Germany) - A joint venture using nuts as a greener alternative to palm oil as a transport fuel is setting up two plants in Singapore, participants said in published report Thursday.Van Der Horst Bio-Diesel (VDH) and the Institute of Environmental Science and Engineering are focusing on the Jatropha curcas nut.
Oils, fats producers told to join forces to save costs
23/3/07 (Business Times) - OILS and fats producers need to work collectively to overcome potential shortages and create synergy that can have a favourable impact on their production costs, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron.
'Free Trade' Descends on Biofuel Arena
21/3/07 (Green Option) - Under a memo of understanding signed earlier in the day by U.S. Secretary of State Condoleezza Rice and Brazil Foreign Minister Celso Amorim, the two nations pledged closer cooperation on researching alternative energy production, promoting alternative fuels in the region and developing industrywide standards and codes that could lay the groundwork for a global biofuels market.
KL Kepong to expand, sees firm palm oil
21/03/07: (The Edge News) - Plantation firm Kuala Lumpur Kepong Bhd plans to expand its plantation business in Indonesia as it expects palm oil prices to rise, its chief said in an interview on March 21.
Malaysian palm oil rises slightly on firm soyoil
21/3/07 (Reuters) KUALA LUMPUR - Malaysian palm oil futures rose marginally on Wednesday tracking gains in rival soybean oil on the Chicago Board of Trade.
New Biodiesel Production Method Developed by DOE Scientists
21/3/07 (UPI Science News) - A new material developed at the U.S. Department of Energy's Oak Ridge National Laboratory might replace a costly process in biodiesel production.
PERFORMANCE OF THE MALAYSIAN PALM OIL INDUSTRY, FEBRUARY 2007
