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Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
CPO prices to consolidate at RM4,000 to RM4,300
Palm oil ends lower after MPOB’s data release
CPO Refiners Struggling As Margins Remain Low
19/10/05 KUALA LUMPUR (Dow Jones) - Malaysian palm oil refiners remainunder pressure to diversify into new ventures as profits from traditionalbusinesses such as refining, plagued by decades-long overcapacity and weakmargins, are hardly improving, the head of one of Malaysia's oldestrefining companies said.
INDONESIA'S CRUDE PALM OIL EXPORTS RISE IN JAN-MAY
20/10/05 MEDAN, North Sumatra, (Asia Pulse) - Indonesia's exports of crudepalm oil and its processed products reached 3.940 million tons in theJanuary-May 2005 period, a businessman said.
More contracts seen for CBIP
22/10/2005 (The Star) - AmResearch Sdn Bhd has maintained a positiveoutlook on CB Industrial Product Holding Bhd (CBIP) due to its growthpotential over the next two years, firm standing in the palm oil millindustry and attractive valuation.
Off and running hard for the biofuel prize
22/10/05 (The Star) - Biofuel is being touted as the next big thing in anenergy-stingy world. Malaysia is jumping on the bandwagon with its palmoil derivative.THE country’s solution to rising fossil fuel prices, worsening airpollution and the depletion of its petroleum reserves is grown on trees -oil palm trees, that is.
Palm oil firm profits from pollution
23/10/05 (Bangkok Post) - Asian Palm Oil Co will be used as a role modelfor industries that want to turn pollution into profit, after successfullytackling its problems in Krabi, according to the Industrial WorksDepartment (IWD).
Palm Oil Industry's Bio-fuel Hopes Overstated
20/10/05 KUALA LUMPUR (Dow Jones) - Recent optimism of surging demandfor palm oil as a fuel substitute in Europe may be overdone as there arestill major obstacles to the use of the commodity in this emerging sector,a European bio-fuels industry official said.
PPB to buy 2 Indonesian palm oil firms
21/10/05 (The Edge Daily ) - Plantation firm PPB Oil Palms Bhd will buymajority stakes in two Indonesian palm oil plantation companies for morethan US$122 million (RM460 million) as it expands in Southeast Asia, thefirm said on Oct 21.
India May Buy More Soyoil After Base Price Change
18/10/05 NEW DELHI (Dow Jones)--The Indian government's decision over theweekend to raise the base import price for edible oils may lead to a shiftin demand in favor of crude soybean oil, traders said Tuesday.
Argentina angling to join biofuels race
18/10/05 CHACABUCO, Argentina (Reuters) - Armed with 12 tonnes ofsoybeans, a young Argentine engineer named Edmundo Defferrari can produceenough fuel in one day to fill the tanks of five soy trucks.
