Berita Arkib

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 world’sother 16 edible oils.

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.

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.

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.

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.

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.

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.

JAKARTA, June 14 Asia Pulse - The Indonesia Palm Oil Commission (KMSI)said China would not reduce imports of crude palm oil (CPO) andderivatives from Indonesia, despite plan by the Chinese government to slowdown economic growth.

6/15/2004 (Agra Europe) - EU rapeseed prices are likely to come underpressure in the coming weeks as growers in the bloc's top producers lookforward to harvesting what could be a bumper 2004 crop, according toindustry experts.

NEW DELHI, June 16 Asia Pulse - The government has been hit with demandsfor a hike in the import duty on refined palm oils so as to avoid a pricecrash.

NEW DELHI, June 14 (Bernama) -- Indian farmers may not go in forlarge-scale sowing of groundnut or soyabean this year if prices of edibleoils continue to decline in the international market, according to areport in the financial daily, Hindu Business Line.

IPOH, June 14 (Bernama) -- Malaysia has positioned itself as the world'slargest producer and exporter of palm oil last year, with revenuesamounting to RM27.7 billion but it is facing stiff competition fromIndonesia.