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Palm oil to rise above 4,000 ringgit on signs of El Niño
Palm oil gains on renewed Chinese buying
CPO production to rise starting May: Affin Hwang Investment
Malaysia’s palm oil stocks fell 10.54 pct in April
E-Registration Will Create More Efficient Platform
KUALA LUMPUR, Aug 22 (Bernama) -- e-registration, an electronic submissionsystem, will mutually benefit the palm oil industry and the Malaysian PalmOil Board (MPOB), said its head of trade development unit, Jamil Nordin.
Go For Global R&D Partners, Says Official
KUALA LUMPUR, Aug 22 (Bernama) -- In view of the lack of active researchand development (R&D) on agricultural products in Malaysia, it isessential for the country to work with leading R&D groups worldwide sothat Malaysian R&D can be more effective, said a Malaysian Palm OilAssociation (MPOA) official Chew Poh Soon.
India Wants JV Partners For Oil Refinery
KUALA LUMPUR, Aug 22 (Bernama) -- Malaysia's palm oil industry playerskeen on having a partnership in oil refinery, would have a goodopportunity to do so with a company from India which wants to foray intothe edible oil sector.
Oils & Fats Industry Must Take Part In Regulatory
KUALA LUMPUR, Aug 22 (Bernama) -- It is vital for the oils and fatsindustry to ensure the continuous participation in regulatory decisionmaking at both the national and international level.
US, EU rapped over edible oil support
PRIMARY Industries Minister Datuk Seri Dr Lim Keng Yaik yesterdaycriticised the United States and some European countries, which produceedible oils, for providing various backups to their farmers to grow morein times of supply glut.
CPO Prices To Stay At RM1,200
KUALA LUMPUR, Aug 21 (Bernama) -- Malaysian palm oil prices are expectedto stay at the RM1,200 per tonne level, Malaysian Palm Oil PromotionCouncil (MPOPC) director of marketing and promotion, Dr Ahmad Ibrahim saidhere Tuesday.
Focus More On Development Of Oleochemicals For Ind
KUALA LUMPUR, Aug 21 (Bernama) -- The major growth in the use ofoleochemicals is expected to be in industrial applications, and as suchgreater focus should be directed towards this development, Cognis AsiaPacific regional vice-president Mohd Kassim Salleh said here on Tuesday.
INDONESIA 2001 PALM OIL EXPORT MAY FALL ON RUPIAH
Indonesia's palm oil exports may fall to 3.9 million tonnes in 2001 from4.15 million tonnes last year, hampered by lower yields and a strongerrupiah, an industry official said on Monday."I am afraid that we won't be able to reach a target of 4.2 milliontonnes. (Exports) may fall to 3.9 million tonnes," Derom Bangun, chairmanof the Indonesian Palm Oil Producers Association (Gapki) told Reuters onthe sidelines of a palm oil conference.Bangun said palm oil production for the world's second-largest producerafter Malaysia had declined in the first half of the year. January-Mayexports were estimated at 1.6 million tonnes, down 10 percent from thesame period last year because of lower yields, he said.The appreciating rupiah, quoted at 8,535/8,575 to the dollar at 0816GMT on Monday, was also discouraging exports.Bangun said Indonesia's palm oil production may fall short of thetarget of 7.2 million tonnes this year because of security problems andweather problems if the drought causing El Nino phenomenon returns thisyear.Indonesia produced around 6.5 million tonnes of palm oil in 2000.Consumption is expected to reach 3.7 million tonnes this year."Security in some areas is not perfect yet," said Bangun, referring towidespread looting of fresh fruit bunches in plantation areas during theeconomic crisis."Weather experts are talking about El Nino. If that happens, there willbe a shortage in production," he said.Marked by an abnormal warming of waters in the eastern Pacific Ocean,El Nino wreaks devastation in weather patterns around the Pacific Rim andcan also affect the number of storms in the Atlantic hurricane season."Production in the first half of the year only constitutes between 85to 95 percent of the estimates. Many firms are oversold," said Bangun.He said many ships were also waiting at the ports as they could notleave for their destinations because of a shortage in crude palm oil.
JV An IMPT Tool To Expand Palm Oil Industry
KUALA LUMPUR, Aug 21 (Bernama) -- Joint-venture opportunity is animportant tool to further expand growth in the palm oil market, saidMalaysian Palm Oil Promotion Council's (MPOPC) head of marketing, FaudzyAsrafudeen Sayed Mohamed.
