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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
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Malaysian end of July palm oil stocks hit near two-year high
Cut in duty proposed for checking ghee and oil prices
19/8/06 ISLAMABAD (Business Recorder) - : The Ministry of Industry and Production has recommended to the federal government that the rate of customs duty on RBD palm olien and palm oil should be reduced by Rs 4,000 per tonne to offset the impact of increase in prices in the domestic market, official sources told Business Recorder here on Friday.
QL to develop oil palm plantation in East Kalimantan
16/8/06 (The Edge News) - QL Resources Bhd is venturing into Indonesia with a proposed partnership with local parties to develop an oil palm plantation on two parcels of land totalling 20,000ha in East Kalimantan.
Asian Biodiesel Producers Stand Better Chance In US Market With Partners
KUALA LUMPUR, Aug 16 (Bernama) -- Asian biodiesel producers may need to partner locally in order to penetrate the US market, said Chuckanut Capital Management Group Ltd senior director, Dr J. Greig.
HSBC Malaysia boost for palm oil sector
17/8/06 (Business Times) - ENCOURAGED by the current boom in palm oil, HSBC Bank Malaysia Bhd, the leading financial services provider for palm oil-related businesses in the country, aims to boost financing for the sector further.
Govt rolls back palm oil base price increases
15/8/06 MUMBAI (Reuters) - The government has rolled back the increases in base import prices for most palm products but kept the price of soybean oil unchanged.
Biofuel To Boost Palm Oil Prices
15/7/06 (AFP) -- Growing interest in biofuel is expected to boost the already buoyant price of palm oil, Malaysia's Plantation Industries and Commodities Minister Peter Chin said Aug. 14. Chin said that biofuel, which is derived from natural oils and plants such as coconuts and sugarcane, had created new demand for palm oil which is currently enjoying prices of 1,600 ringgit (US$436 ) per ton.
Govt raises palm, soybean oil base prices
14/7/06 NEW DELHI (Reuters) - The government raised base import prices of crude palm oil and soybean oil on Monday.
Pasir Gudang set to be palm biodiesel hub
16/8/06 (The Star) - PASIR GUDANG: The high-value oil palm-based industry has been identified as a key growth sector in the South Johor Economic Region development.
Malaysia Approves 52 Biodiesel Plants So Far
16/8/06 (Reuters) - PASIR GUDANG, Malaysia - Malaysia, the world's top producer of palm oil, has approved licences for 52 biodiesel plants with a combined capacity of more than 5 million tonnes each year, the prime minister said on Tuesday.
