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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
Strong El Niño forecast signals fresh upside for palm oil prices
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
Govt cuts base import price of crude palm, soybean oil
16/1/06 (India Online) - The Government on Monda announced that it had marginally slashed the base import prices of crude palm and soybean oils. India is one of the world's leading edible oil importers and imports 150,000-200,000 tons of crude palm oil every month.
RI, Malaysia to set up palm oil body
15/1/06 (The Jakarta Post) - Indonesia and Malaysia, two of the world's largest crude palm oil producers, agreed last week to set up a joint body to regulate the international price of the commodity.
Study on new use for palm oil biofuel
15/1/06 (The Star) - JOHOR BARU: Research will be conducted by Universiti Teknologi Malaysia (UTM) on the feasibility of using palm oil-derived biofuel to power gas turbines, the first such study in the world.
The Miracle Palm
15/1/06 (RedNova) - WHEN the Malaysian Palm Oil Board first started its palm oil-as- fuel research in the 1980's, it all seemed pretty academic because diesel was less than a ringgit a gallon while palm oil was a FOOD - too expensive to burn as fuel. At that time, barrel oil was also USD18 a barrel.
Sejati may sell 50pc stake
16/1/06 (The Malay Mali) - SEJATI Oil Palm Feed Sdn Bhd's shareholders may sell as much as 50 per cent of the company to raise capital to proceed with a plan to build a fibre feed processing plant, said its managing director and dominant shareholder Zainal Ahmad.
INDONESIA, MALAYSIA TO CULTIVATE OIL PALM IN WEST SUMATRA
13/1/06 BUKIT TINGGI (Asia Pulse) - Indonesia and Malaysia will cultivate oil palm on some 17,000 ha of land in the Dharmasraya region in West Sumatra beginning next month under a joint venture between PT Andalas Agro Group, a company set up by Indonesia`s Tri Nugraha Thohir (TNT) and Malaysia`s TSH Resources Bhd, an Indonesian official said.
EDIBLE OIL SUPPLY REMAINS STABLE IN CHINA
16/1/06 ZHENGZHOU (Asia Pulse) - Despite decrease of import of soybean oil, by nearly one million tons and that of rapeseed oil, by 120,000 tons, China's consumption of oil crops for extracting oil increased as a whole in the 2004/2005 crop year, thus increasing the supply of edible oil as a whole in the year.
India-Asean differences over FTA continues
16/1/06 (Business Standard India) - Differences between India and Asean countries continue over how much bilateral trade should be covered by a proposed free trade agreement.
13/1/06 BUKITTINGGI (Asia Pulse) - Indonesia and Malaysia will cultivate oil palm on some 17,000 ha of land in the Dharmasraya region in West Sumatra beginning next month under a joint venture between PT Andalas Agro Group, a company set up by Indonesia`s Tri Nugraha Thohir (TNT) and Malaysia`s TSH Resources Bhd, an Indonesian official said.
