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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
CPO futures at 2-wk high on surging oil prices, strong demand
5/7/05 (The Edge News) - Strong demand for crude palm oil (CPO) and surging crude oil prices saw the benchmark September delivery for CPO futures hitting the two-week high at RM1,487 per tonne and it is expected to cross the RM1,500 level.
Renewable fuel plant nears completion
05/07/2006 (Australian Broadcasting Corporation) - Work on the nation's biggest renewable fuel plant in Darwin is almost complete.
Bio-diesel may reduce oil bills by 10% up to 2010
4/7/06 (The Jakarta Post, Jakarta) - The government is targeting a 10 percent reduction in the country's consumption of oil-based fuels by 2010 from the current level of 41 million kiloliters (kl) by promoting the production and use of bio-diesel.
Palm oil ready to back biodiesel drive
18/6/06 (The Jakarta Post) - The rapid increase in global oil prices, which reached over US$70 per barrel recently because of the uncertainty in the Middle East, has prompted the government to turn to an alternative energy -- biofuel.
Plantation counters lift market
4/7/06 (The Edge News) - Plantation stocks lifted the market at midday sparked by the surge in crude palm oil futures prices led by the increase in demand from China and firmer soy prices in Chica
Base price for crude palm oil raised, soyabean lowered
30/6/06 (New Kerala) - New Delhi: Government today increased the base import price for crude palm oil by four dollar to 424 dollar per tonne while lowered the base price for crude soyabean oil by 13 dollar to 529 dollar.
S. Cotabato town to develop road network for oil palm plantations
29/6/06 (Sun Star) - KORONADAL CITY -- The City Government here plans to develop new road networks leading to several upland villages to facilitate the ongoing expansion of oil palm plantations in the area.
Malaysia Temporarily Halts New Biodiesel Projects
3/7/06 KUALA LUMPUR, Malaysia (AP) -- Malaysia has suspended giving new licenses for biodiesel production projects amid concerns that an excess of projects could deprive the food market of palm oil, widely used in cooking, a report said Monday
Soaring oil prices propel biofuels into global mainstream
2/7/06 (Reuters) - PARIS: Record high oil prices have propelled biofuels from niche player to the multi-billions dollar commodity mainstream, causing an explosion in new ventures and investor interest that has fired up global agricultural markets.
