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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
Edible oil imports rise 21 per cent
Mumbai , May 17 - THE country's import of edible oils for the November2004 - April 2005 period was higher by 21 per cent at 21,95,770 tonnes,compared to 18,15,630 tonnes during the same period the previous year,according to data compiled by the Solvent Extractors' Association ofIndia.
Ghana capable of meeting domestic needs of palm oi
Inchaban (W/R), May 17, GNA - Mr Ishmael Yamson, Board Chairman of theBenso Oil Palm Plantation (BOPP), said on Tuesday that Ghana does not needto import palm oil to meet its domestic needs. He said the country couldmeet its internal needs of the commodity if special attention is paid tothe President's Special Initiative (PSI) on oil palm.
Indonesia's Mmil to Build Cpo Factory in Bengkulu
JAKARTA, May 17 Asia Pulse - PT Muko Muko Indah Lestari (MMIL) said itwill build a crude palm oil (CPO) factory and an oil palm plantation inthe district of Muko Muko, Bengkulu.An executive of the regional office of the Capital Investment CoordinatingBoard Suparman said the company has set aside Rp87.3 billion (US$9million) for the project.
Indonesian Govt Targets Cpo Plant Owners Without P
JAKARTA, May 16 Asia Pulse - The agriculture ministry of Indonesia has seta deadline for all crude palm oil factories to have oil palm plantationsin three years, or they will be punished with fines or face criminalcharges.Provincial administrations have been asked to outline CPO processingcompanies that don't own plantations, Plantation Production DirectorGeneral Subagyono said last weekend.
IOI Corp’s third quarter earnings rise 17% to RM17
Tuesday May 17, 2005 - PLANTATION and property development group IOI CorpBhd reported a 17% growth in net profit to RM175.2mil for its thirdquarter ended March 31, in spite of a seasonally low period for palm oiloutput.
M'sian Firm To Team Up With German Scientist In Bi
FRANKFURT, May 16 (Bernama) -- A Malaysian resource-based company,FybOrganic Technologies Sdn Bhd, plans to team up with a German scientistin a biotechnology venture to produce biofertilisers and animal feed fromdiscarded oil palm trunks (OPTs).
Syndicate Selling Kanowit Native Oil Palm Land
KANOWIT, May 16 (Bernama) -- Unsuspecting landowners participating in theKanowit Native Customary Right (NCR) oil palm plantation are being"robbed" of their land by a syndicate that sells it to equallyunsuspecting buyers, according to Assistant Land Development MinisterDatuk Gramong Juna.
Thailand promotes bio-industry.
BANGKOK, May 15 (TNA) - Thailand’s government is developing a strategyto promote plant-based bio-industry in order to reduce the country'simports of energy and chemicals.
Three palm oil factories fined RM20,000 each
12 May, 2005 - Tawau: Three oil palm factories represented by theirrespective executives were each fined RM20,000 or two months' jail by theSessions Court here for blatantly disposing effluence exceeding thepermitted level.
