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MARKET DEVELOPMENT
23-06-2004

Thai Agriculture Ministry gives major push to palm

BANGKOK POST 21/6/2004- Despite an earlier plan to expand areas used forgrowing rubber by a million rai, the Agriculture Ministry yesterdayannounced a scheme to increase oil palm cultivation from two to 10 millionrai within 25 years. This would involve areas of land that are currentlybeing used to produce rubber.

MARKET DEVELOPMENT
22-06-2004

Malaysia to export more CPO to Russia, Poland

Monday June 21, 2004 - MALAYSIA hopes to sell up to 600,000 tonnes ofcrude palm oil (CPO) to emerging markets in Russia and Poland in the nextfew years, according to Malaysian Palm Oil Association (MPOA) chairmanSabri Ahmad.

MARKET DEVELOPMENT
21-06-2004

CPO prices may rebound to RM2,000 by year-end

June 18 2004 - CRUDE palm oil (CPO) prices may rebound to RM2,000 a tonneby year-end, due to good demand globally and low stockpile of the worldâ€™sother 16 edible oils.

MARKET DEVELOPMENT
21-06-2004

Felda aims to be global industry benchmark

Jun 18 2004 - FELDA'S highly diversified palm oil related businesses arepoised to be the benchmark for those in the global palm oil industry, saidgroup chairman Tan Sri Dr Mohd Yusof Noor.

MARKET DEVELOPMENT
21-06-2004

Indian Tariff Comm'n Favours Higher Refined Palm O

NEW DELHI, June 18 Asia Pulse - In the run-up to the Union Budget, theTariff Commission (TC) has recommended a hike in customs duty on refinedpalm oils by 5 per cent to make domestic refining of crude oilseconomically more viable.

MARKET DEVELOPMENT
21-06-2004

Kulim's PNG Operations Do Malaysia Proud

KUALA LUMPUR, June 17 (Bernama) -- Named by the Human Resources Ministryas one of Malaysia's most prepared employer to face globalisation, Kulim(M) Bhd's operations in West New Britain Province, Papua New Guinea, notonly fulfils this distinction, but is one of grand proportions.

MARKET DEVELOPMENT
21-06-2004

Kumpulan Guthrie's Plantation Performance Depends

KUALA LUMPUR, June 17 (Bernama) -- Kumpulan Guthrie Bhd expects its crudepalm oil (CPO) production to increase this year but the financialperformance of its plantation sector will depend on prices of CPO.

MARKET DEVELOPMENT
21-06-2004

Palm oil refiners expanding capacities

6/18/2004 CHEMICAL BUSINESS NEWSBASE - : Palm oil processors areincreasing capacity in Europe and the US as global demand for palm oilproducts increases. In the US, Loders Kroklaan (division of Malaysiancompany IOI Group) will increase processing capacity to 250,000 tonnes/yat Channahon, IL, and storage capacity in New Orleans, LA. In Brazil,Agropalma Group will invest R$1 M to increase palm oil processingcapacity, from 250 to 350 tonnes/day at Belem. The company plans toincrease exports to the US and Europe. In Rotterdam, the Netherlands,Loders Kroklaan has started construction of a 2500 to 3000 tonnes/day palmoil processing and fractionating unit. Also in Rotterdam, Malaysiancompany Kuok Oils and Grains (KOG) will invest EUR 25 M in a palm oilrefinery. In Zwijndrecht, the Netherlands, Unimills BV (subsidiary ofMalaysian company Golden Hope Plantations Bhd) is constructing a palm oilfractionation unit. Total palm oil refinery capacity, in the Rotterdamarea, is about 2 M tonnes/y.

MARKET DEVELOPMENT
21-06-2004

Poram to hold 2-day course

June 21 2004 - THE Palm Oil Refiners Association of Malaysia will hold atwo-day course on refineries, crude palm oil purchasing, hedging,contractual and its operational aspects.

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