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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
Asean calls off talks on trade pact with India
23/5/06 ( rediff.com) - The Asean has unilaterally called off the next round of negotiations scheduled for May 29 in Singapore for finalising a free-trade agreement with India.
Palm oil council sets up RM20m fund for conservation
21/5/06 (The Star) - THE Malaysian Palm Oil Council (MPOC) has set up a RM20m fund to enhance biodiversity conservation related to palm-oil production worldwide. This was revealed at a Symposium on Sustainable Resource Development for key stakeholders from across the UK and Europe held at the Institute of Directors in London last week.
Oil palm seed named after Prime Minister
19/5/06 (The Star) - NEW clonal oil palm seeds, developed by United Plantations Bhd (UPB), were unveiled by Prime Minister Datuk Seri Abdul-lah Ahmad Badawi at Jenderata Estate near Teluk Intan.
India must decide on trade relations with Asean
23/5/06 (The Star) - DISCUSSIONS on Asean's free trade agreement (FTA) with India have run into difficulties over New Delhi's resistance to tariff cuts on a range of products important to the economies of South-East Asia, including commodities such as palm oil.
MPOB Wins IDB Science And Technology Award
KUALA LUMPUR, May 20 (Bernama) -- Malaysian Palm Oil Board (MPOB) emerged as one of the three winners of this year's Islamic Development Bank (IDB) Prize for Science and Technology.
PVMA demands reduction in duties on edible oil
23/5/06 ISLAMABAD (Recorder Report) - The Pakistan Vanaspati Manufacturers Association (PVMA) has demanded reduction in customs duty and federal excise duty on import of edible oil in its budgetary proposals.
Palm oil industry killing orangutans
17/5/06 (The Jakarta Post) - It will only take up to two or three years of rain forest destruction if the current rate continues to determine the fate of the orangutan. The populations of orangutans that will still exist in 2008 will not be viable anymore and the damage done will be irreversible. The genetic pool of the orangutan will be too small to ensure the survival of the species.
Minister wants more palm oil for biodiesel fuels
22/5/06 (The Jakarta Post) - The government will prioritize the production of crude palm oil to ensure blended biodiesel fuels are price-competitive with standard subsidized diesel, the Research and Technology Minister says.
Palm oil industry urged to go global
17/5/06 KUALA LUMPUR (the Star) - The palm oil industry's agenda from this year onwards should focus on going global, said Business Council for Sustainable Development Malaysia executive director Datuk Ghazali Yusoff.
