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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
Indonesia to replace oil, gas with biofuel over 10 pct by 2010
24/7/06 (Xinhua) - Indonesia plans to shift the usage of oil and gas by at least 10 percent within the next four years, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said Monday.
Commissioning of edible oil joint venture today
KARACHI (July 25 2006) - Mapak Edible Oils (Private) Ltd (MEO), a $14 million (Rs 840 million) Pak-Malaysia joint venture, will be commissioned at Port Qasim on July 25. At the same time, unveiling ceremony of the plaque for construction of another Pak-Malaysia joint venture, $16 million (Rs 960 million) Liquid Cargo Terminal (LCT) will also be held at the same venue
Firms get official consent to set up edible oil refineries
KARACHI (July 24 2006): At least two local firms have received consent from the officials concerned for setting up edible oil refineries in Karachi, which would cost around $10 million, sources told Business Recorder on Sunday.
Australian canola sales swing to Europe for biofuel
SYDNEY (July 25 2006): Australian canola exports are swinging away from China to Europe to feed powerful demand for renewable fuels such as biodiesel and ethanol, traders told Reuters on Monday.
Big traders raising edible oil prices thru manipulation
23/7/2006 (Financial Express) - Prices of edible oil rose by upto 13 per cent in one week in the wholesale market due to alleged manipulation by big traders.
Edible oil prices threatening to rise
21/7/06 (The Hindu) - After wheat, pulses and sugar, it could be the turn of edible oil to receive policymakers' attention. All's not well on the edible oil price front.
Plantations Risk Losing Trading
21/7/06 ( NSTP) - PUTRAJAYA: Plantation owners found guilty of open burning and contributing to the haze will lose their licence to sell oil palm fruit.
Malaysia, Indonesia set aside 40% CPO for biodiesel
21/7/06 (The Star) - KUALA LUMPUR: The world's top palm oil producers, Malaysia and Indonesia, have decided to set aside nearly 40% of their crude palm oil output for biodiesel production, the Plantation Industries and Commodities ministry said yesterday.
Sabah oil palm mills cannot discharge waste into rivers
20/7/06 (Daily Express) - Kota Kinabalu: Oil palm mills in the State can no longer discharge treated or partially-treated effluents into rivers or any waterway but back into the soil provided the effluents have been treated to the specification of Bio-chemical Oxygen Demand (BOD3) level not exceeding 1,000 mg/l or re-processed into compost.
