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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
CPO futures end mostly higher on soybean oil gains
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Malaysian end of July palm oil stocks hit near two-year high
DXN BIOTECH AND MOLEK SIGN MoU
8/8/06 (The Star) - DXN Holdings Bhd's whollyowned subsidiary DXN Biotech Consultants Sdn Bhd has signed a memorandum of understanding with Molek Engineering Sdn Bhd to collaborate in contract farming of the Jatropha and Castor seeds.
Forum targets market access for sustainable palm oil
8/8/2006 (Nutraingredients.com) - The Roundtable on Sustainable Palm Oil (RSPO) meets this month to discuss the critical issue of moving from a definition of 'sustainable palm oil' to defining its uptake and use in the market.
East Africa: Bidco Goes to EAC Over Dar's Palm Oil Duty
8/8/06 (Allafrican.com) - Nairobi. Bidco Oil Refineries has asked the East African Legislative Assembly (EALA) to persuade Tanzania to drop the 10 per cent import duty on crude palm oil imposed in this year's budget.
Funds eye M'sia as users scramble for palm oil
8/8/06 (The Edge News) - After taking huge bets on industrial commodities, hedge funds are now angling to reap returns on Malaysia's newly trendy palm oil market.
Global demand for vegetable oils to almost double to 169m tonnes
10/8/06 (The Edge News) - The government has called for oil palm plantation owners to step up their investments given the projected doubling of global demand for vegetable oils to 169 million tonnes annually by 2020.
Snags delaying some POIC deals, says Ewon
8/8/06 (Sabah Daily Express) - Kota Kinabalu: Response from investors to start operations at the Palm Oil Industrial Cluster (POIC) Lahad Datu has been overwhelming but some snags in the sales and purchase provisions are delaying the conclusions of these agreements.
ASEAN says red tape derails India free-trade talks
8/8/06 KUALA LUMPUR (Reuters) - Free-trade talks between ASEAN and India are being derailed by "foot-dragging" bureaucrats and New Delhi's refusal to include palm oil and other sensitive goods, an ASEAN official said on Tuesday.
Indonesia expands biofuel industry
9/8/06 (Sapa) Jakarta - Indonesia will allow foreign oil firms to sell biofuel domestically as the government ploughs ahead with plans to open up the renewable energy source industry, a local report said on Wednesday.
Still a long way before biofuel is on the market
10/8/2006 (The Jakarta Post, Jakarta) - Imagine a world where a farmer could extract oil from his own crops, like palm, soy or peanut oil, and fill up the tank of his tractor. There would be no need to stop by at the gas station for petroleum-based fuels.
