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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Philippine trade group looking for investors in co
10/04/2002 (Financial Times) - The Philippine Coconut Authority (PCA) hasstarted to look for investors that would fund the commercialization of itscoconut diesel fuel, PCA regional director Lornito Orillaneda said.He said a committee has been created to handle investor participation inthe project."We will give it to a private company," Mr. Orillaneda said, adding thePCA laboratory has a daily output of only three drums, or 600 liters aday, of coconut diesel used in its vehicles.Earlier, the Department of Agriculture, where PCA is an attached agency,asked President Gloria Macapagal Arroyo to issue an executive order thatwill encourage investors to look at the viability of commercializing cocodiesel, which earns around 12% of the gross income in royalty fees.A report earlier said the three major participants in the petroleumindustry - Petron Corp., Pilipinas Shell Petroleum Corp. and Caltex(Phils.), Inc. - have expressed willingness to use coco diesel in dilutingsulfur content in their commercial diesel products.PCA has gone into a five-year research to perfect its coco diesel,scientifically referred to as the coconut methyl ester (CME), a chemicalcompound proven to have reduced smoke emission in vehicles.The World Association of Engine Manufacturers has endorsed a 5% CME ondiesel fuel.Francisco Fajardo, PCA bio-fuel program officer, said that a 1% CME blendon diesel fuel is enough to reduce to about 2.3% sulfur content in smokeemitted.Some groups have been batting for the lowering of sulfur content of dieselfuel because of its danger as this was specified in the Clean Air Act. ByJan. 1, 2003, the law specifies that sulfur content in diesel fuel must belowered to 1.2%.
Iran expected to announce palm oil tender worth RM
06 October 2002 (Business Times) - IRAN, a traditional soyabean oilbuyer, seeks some 40,000 tonnes of Malaysian palm oil for delivery beforethe end of this year.
LOCAL FIRM INTRODUCES SUPERIOR ANIMAL FEED
7/10/02 (New Straits Times) - A local company has come up with theworld's first enzymatic treatment that permits palm kernel expeller to befed to chicken and fish.
Potential seen in Sabah biomass sector
09 October 2002 (Business Times) - SABAH’S plantation sector is capable ofproducing 10 million tonnes of biomass a year.Sabah Chief Minister Datuk Chong Kah Kiat said as such, the state’sprivate sector should consider exploiting the economic potential of thisorganic waste.“Biomass can be used as raw material for medium density particle boards,pulp and paper and decomposed organic fetiliser. It can also be used togenerate electricity,†he said at a luncheon hosted by the MalaysianInternational Chamber of Commerce and Industry (MICCI) Sabah branch inKota Kinabalu yesterday.He also said apart from just producing cooking oil from palm oil,manufacturers must explore opportunities in producing confectionary fats,creamers, emulsifiers and non-food products such as oleo-chemicals,bio-fuels, detergents, personal care items and lubricants.Chong said Sabah is strategically located to tap the consumer markets inBrunei, Indonesia, Malaysia and the Philippines.He said the state has the potential to become a centre to manufactureproducts such as electrical items.“Our small and medium industries have the capacity to match the needs ofthe spending power of the 60 million population in the region.“Manufacturers would not face problems in shipping the manufactured itemsconsidering Sabah location and the volume of business they could tap.â€
Rubber estates are planted forests: FAO
08 October 2002 (Business Times) - MALAYSIA has managed to convince theFood and Agriculture Organisation (FAO) to accord rubber plantations asplanted forest.
Three Sarawak Companies Fined For Discharging Effl
KUCHING, Oct 7 (Bernama) -- Three companies involved in the manufacturingand palm oil industries in Sarawak have been charged so far this year withdischarging effluents without complying with the Environmental QualityRegulations.Sarawak Department of Environment (DOE) Director Dr Abdul Rahman Awangsaid Monday that in the latest case, a palm oil mill in Kuching divisionwas fined RM15,000 last month for not meeting the DOE standards for thedischarge of effluents.
TNB To Buy Electricity Generated By Bio-Mass From
ROMPIN, Oct 2 (Bernama) -- Tenaga Nasional Berhad has agreed in principleto buy electricity generated by Felda using bio-mass technology.TNB chairman Datuk Dr Jamaluddin Jarjis said a TNB subsidiary, Tenaga SPLSdn Bhd, and Felda were experimenting the effectiveness of oil palm husksin power production."Soon we will sign an agreement to buy electricity from Felda so theproject can succeed," he told reporters after attending a Felda functionnear here Wednesday. Dr Jamaluddin is the member of parliament for Rompin.Felda chairman Tan Sri Dr Yusof Noor, who was present, said the agencywould construct four power stations powered by oil palm husks, as part ofFelda's downstream activities.Dr Jamaluddin said Felda would supply 20 megawatts of electricity to eachof the power stations.TNB will buy the electricity at 18 sen per unit. At present, it is paying12 sen for gas generated electricity and 13 sen for coal produced power."Even though we will buy from Felda at a higher price, we will only bedistributing to customers in the areas concerned...no grid cost isinvolved here," he added. -- BERNAMA
Alami Vegetable Oil Products Plans To Set Up Proce
KUALA LUMPUR, Oct 1 (Bernama) -- Alami Vegetable Oil Products Sdn Bhd, amanufacturer of palm oil products, plans to set up a palm oil processingplants in Xian, China, with investments worth US$8.5 million.Chief executive officer, Mohamad Radwan Alami told Bernama recently thatthe company had teamed up with a Chinese party and the joint-venture waspending final approvals from the local authorities.Radwan was following the Malaysian External Trade Development Corporation(Matrade) trade and investment mission led by Minister of InternationalTrade and Industry, Datuk Seri Rafidah Aziz to Xian, Chongqing andShanghai, from Sept 22 to 29, 2002.He said his company would be holding a 70 percent stake in thejoint-venture and the plant would have a production capacity of 180,000tonnes a year.Alami has been exporting about 4,000 tonnes of palm oil products to Chinaa year but Radwan said it was difficult to expand his business furtherwithout having a joint-venture.There are currently three vegetable oil plants in Xian, of which oneprocesses palm oil. This plant is a joint-venture between Malaysia,Singapore and Chinese investors.Radwan had also followed the Matrade investment mission to Beijing, Dalianand Shanghai last May where an agreement was signed between Alami andChina's Guangdong Kanghui Group Company for the processing anddistribution of palm oil products.However, the deal had yet to materialise as the Chinese party is stillwaiting for the processing licence.Under this deal, Alami would be investing between US$800,000 to US$1.0million to modify an existing soya bean crusher plant in Wuhan into arefinery to process palm oil.He said the plant had not been running for three years and had been usedas a distribution centre with a storage capacity of 600,000 tonnes.Radwan has been involved in the palm oil business for the past 13 yearsand the company has eight vegetable oil plants in Africa, Sri Lanka aswell as some Asean countries.Alami also exports palm oil products to the Middle East and has beeninvolved in the "Oil for Food Programme" by exporting to Iraq since1997.-- BERNAMA
Group to move big into African palm oil mart
27 Sept.2002 (Business Times) - A CONSORTIUM of Malaysian plantationcompanies is mulling construction of storage tanks for palm oil in severalAfrican states to tap the RM1 billion-a- year market.
