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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
Palm rises on bargain buying, high stocks cap gains
Malaysia raises August crude palm oil reference price, duty remains at 10%
CPO prices seen between RM4,400-RM4,650 per tonne in August - MPOC
GM, TRANSGENIC CROP CONTINUE TO BE A SCARE IN INDI
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RAPESEED OIL USED AS FUEL IS MORE CARCINOGENIC THA
TIDCO, CORNELL UNIVERSITY TO SET UP BIOTECH PARK
Chennai, Jan 15 : Tamil Nadu Industrial Development Corporation (Tidco)signed a memorandum of understanding (MoU) with Cornell University, USA,on Monday, in the presence of Tamil Nadu Chief Minister, M Karunanidhi,for setting up a biotechnology park in Chennai.
WEST MALAYSIA / SUMATRA PALM OIL FREIGHT RATES
Following are freight rates provided by shipping brokers.
INDONESIA MIGHT CUT PALM OIL EXPORT DUTY
Indonesia said it might cut its export taxes on palm oil this month inorder to boost exports.
MALAYSIA JAN PALM OIL OUTPUT SEEN DOWN AT 915,000
Malaysia's palm oil output is expected to fall to 910,000 - 915,000 tonnesin January from 943,000 tonnes in December, private crop forecaster IvanWong said on Friday.
NEED TO JOIN HANDS
According to Industry Official, Malaysia and Indonesia, the world's mainpalm oil producers, are hoping to cooperate to boost prices and to easetension that has arisen as they battle for market share.
CHINA, P.R : 1ST BATCH PALM OIL IMPORT QUOTAS FO
Chinese trade sources reported that the Government had issued its firstbatch of palm oil import quotas for 2001 amounting to 600,000 tonnes on Tuesday (16/1/2001).
NIGERIA SEEKS MALAYSIAN AGRICULTURAL SECTOR'S HELP
The Nigerian Regional Government was seeking a partnership deal withMalaysian to help bolster its agricultural sector.
