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Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
CPO prices to consolidate at RM4,000 to RM4,300
World palm oil production is forecast to rise
Oilworld - World palm oil production is forecast to rise steeply by2.8-2.9 Mn T in Oct/Sept 2004/05, significantly abovethe average annual growth of 1.6 Mn T in the latest 10 seasons. The largeincrease this season follows a rise by 2.0 Mn T in 2003/04. Both were dueto a slight acceleration in the growth of the mature area in key countriesbut primarily to above-average yields.
Sasol and Wilmar Holdings to Build Fatty Alcohols
5/24/2005 BAD HOMBURG, Germany, May 24 -- Sasol and Wilmar Holdings PteLimited announced today the execution of a Memorandum of Understanding(MOU) to form a Joint Venture with the intention to construct a fattyalcohols plant in China. The partners are planning to locate a 60,000metric ton per year plant in the industrial port city of Lianyungang andstart up is expected in mid 2007. Sasol is the largest global producer andmarketer of C6+ alcohols while Wilmar is a leading processor anddistributor of lauric oils with substantial interests in palm oilplantations.
CIIF to go into palm olein marketing
May 22 10:04 AM - Philippines, The Coconut Industry Investment Fund OilMills Group (CIIF-OMG), the country’s largest coconut oil producer takingup about 50 percent share of the export market, may embark in the tradingof palm olein in order to boost its coconut oil export.
Demand for edible oils rises in India
5/23/2005 - Indian food industry continues to show a strong commitment tooil imports following drop in domestic demand, says industry body.
Indonesia Fatty Acids Sales To China Seen +50%
Friday May 20, 2005, 3:43 pm JAKARTA (Dow Jones)--Indonesian palm fattyacid exports to China will likely rise 50% on year to 360,000 metric tonsin 2005.
IOI to expand sales to Europe
Tuesday May 24, 2005 MAASVLAKTE (Netherlands): Leading palm oil producerIOI Group Bhd expects growth potential for its exports to Europe, Chinaand the United States in the coming years.
Paper made from oil palm waste
May 22 6:41 PM KOTA KINABALU, SABAH, Universiti Malaysia Sabah researchershave come up with an innovation that would not only benefit oil palmplantations, but also the people, with an alternative source of income.Using oil palm empty fruit bunches (EFB), a team from the InternationalTropical Forestry School has produced high-strength layered paper whichcan be used to make heavy-duty bags and envelopes.
Report: Police in Hong Kong, mainland China bust p
Saturday May 21, 12:17 PM - Police in Hong Kong and mainland China havesmashed a syndicate that smuggled thousands of liters of palm oil throughan underground pipeline, a newspaper reported Saturday.
Massive beach clean-up operation
GEORGE TOWN, May 18 - A massive operation is under way to clean up the40 tonnes of fatty alcohol that leaked from a palm oil factory into thesea off the Butterworth deepwater wharf yesterday.Nearly 100 Palmco Oil Mill Sdn Bhd employees, state Department ofEnvironment staff and fishermen have been working since late yesterdaymorning to remove the ice-like substance.
