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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
MPOA calls for mega palm oil firms
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PM Witnesses Nine MoU Signings At BioMalaysia 2005
PUTRAJAYA, April 28 (Bernama) -- Prime Minister, Datuk Seri Abdullah AhmadBadawi, Thursday witnessed nine exchange of agreements and memorandum ofunderstanding (MoU) signings, which will boost Malaysia's biotechnologyindustry.
Tight CPO Supply Will Boost Bullish Situation In 2
KUALA LUMPUR, April 28 (Bernama) -- The slightly tight supply of crudepalm oil (CPO) in 2005 due to weather conditions, will bring forth abullish market for the commodity, said Malaysian Palm Oil Board (MPOB).
World Bank Projects Moderate Growth For Malaysia
WASHINGTON, April 28 (Bernama) -- The World Bank has projected moderategrowth for Malaysia of around 5.25 percent in 2005 and 2006 after theeconomy expanded by 7.1 percent last year, the highest annual rate sincethe financial crisis.
Cargill ramps up European palm oil supplies
4/26/2005 - Supplies of vegetable oils to European food makers willincrease as US ingredients behemoth Cargill expands palm and coconut oiloperations in Europe, reports Lindsey Partos.
China's CITIC to invest 500 mln usd in Indonesia p
Tuesday April 26, 04:06 AM - JAKARTA (AFX) - China's CITIC Group is toinvest 500 mln usd in an integrated palm oil project in a partnership withdiversified conglomerate Sinar Mas Group.The two parties have also signed a cooperation agreement with ChinaDevelopment Bank, a statement issued by Sinar Mas Group said.Under the cooperation, CITIC will be responsible as a contractor to buildroads, bridges, irrigation, a crude palm oil (CPO) processing plant,warehousing and transportation facilities, housing and other necessaryfacilities. It will also procure processing machinery. The constructionwill take four years.Sinar Mas will be responsible for acquiring land and for operating theplantations.The statement did not give further details regarding the location of theproject or when it will start.Sinar Mas spokesperson Yan Partawijaya told XFN-Asia that the details ofthe project are not yet available.(1 usd = 9,645 rupiah)
M'sia Eyes For More Wealth Through Biotech, Its Ne
PUTRAJAYA, April 26 (Bernama) -- Beginning Thursday, scientists,entrepreneurs and policy-makers will be mapping out strategies at athree-day conference here for Malaysia to generate more wealth and effectgreater social well-being through a relatively new growth sector --biotechnology.
MMC Still Waiting For News On Rail Project
KUALA LUMPUR, April 26 -- MMC Corporation Bhd is still waiting forinstruction and communication from the government on the revival of theRM14 billion double-tracking rail project which was deferred in late 2003.
Musim Mas expands oleochemical project
25/04/05 - PT Musim Mas, an integrated palm oil producer, has embarked onan expansion of its oleochemical plant near the North Sumatra port ofBelawan that will increase its annual production capacity to 357,000metric tons of fatty alcohol, medium-chain triglycerides, oleic acid,glycerine, fatty acids and high-quality soap.
