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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
Danisco launches vegetable oil-based plasticiser
1/20/2005 - Danisco has received authorisation to use and sell its new,vegetable oil-based plasticiser GRINDSTED SOFT-N-SAFE in the EU. Theauthorisation is a breakthrough within plasticisers where consumers havelong called for an alternative to, for instance, phthalates. The producthas been included in the EU's positive list for the so called superdirective and is a safe solution for use with no quantitative restrictionsin food contact materials.
Indonesia Palm Oil Exports Seen Up 11% In '05
27/1/05 (Dow Jones)--Indonesian palm oil producers lobby Gapki expects2005 palm oil exports at 7.8 million tons, up from 7.0 million tons in2004; but forecast unlikely to have much positive impact on prices asproduction also expected to rise sharply this year, traders say. Gapkiprojects output at 11.6 million-11.8 million tons in 2005, up from 10.8million tons in 2004. Gapki head says he expects CPO prices to recover toMYR1,350/ton in February due to lower oilseeds output in India
NorCot eyed for P20-M palm oil nursery
26/1/05 - FRESH palm oil investments from a Malaysian businessman willbenefit thousand farming families in North Cotabato..
Bearish prices for palm oil push Malaysia to consi
1/25/2005 - Food makers enjoying bearish prices for palm oil usedextensively in food applications could see a rise as Malaysia, the world’snumber one producer, builds plans to reduce palm oil production, writesLindsey Partos.
Biodiesel: In-your-face to OPEC
Jan 24 7:51 PM USA - Consumers who begrudge paying Middle East oilinterests for diesel oil and heating oil have a clean, safe and domesticalternative in biodiesel. It doesn't involve drilling. It's actuallybetter for engines, and it works in any engine that uses diesel fuel. Itburns cleanly, and it is produced from crops grown in the fields of ourMidwest.
Cargill expands vegetable oil market in Russia
1/26/2005 - Food ingredients behemoth Cargill drives into growing Russianvegetable oil market, breaking ground on its first refinery in thecountry.
CBIP to run palm oil mills by next year
Saturday January 22, 2005 - CB Industrial Product Holding Bhd (CBIP) plansto start operating palm oil mills by next year in a move to expand itscore business of manufacturing such mills for its customers, said managingdirector Lim Chai Beng.
Government nod sought for bio-diesel plant
Sunday January 23, 2005 MIRI: The Plantations, Industries and CommoditiesMinistry is seeking the Government’s approval to set up a RM200milrefinery to produce bio-diesel from palm oil.
Indian differential duty regime impacts Malaysian
Mumbai, Jan 19 : Malaysian Palm Oil Promotion Council (MPOPC) today saidthat the differential duty structure imposed by India for crude palm oil(CPO), refined oil and soyabean oil is adversely impacting the palm oilprices of Malaysia.
