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Malaysia's total palm oil stocks surge 24.54% to 3.51mil tonnes in Sept
CPO Futures Close Lower On Weaker Soybean Oil Prices
Palm oil under near-term pressure as rising stocks outweigh El Niño fears
Palm oil falls to 11-week low on weak exports, rising output
Glycerin Glut Sends Prices Plummeting
26/6/2006 (soyatech.com) - A glut of glycerinon world markets has caused prices of this versatile chemical to take a nosedive over the past year. The present oversupply of glycerin is mostly due to surging biodiesel fuel programs in Western Europe, which generate glycerin as a byproduct. Another factor is the rapid growth of the plant-derived oleochemicals industry in Southeast Asia, which also churns out excess glycerin.
EAC to Review External Tariffs As Dar Retains 10 Percent Duty On Palm Oil
20/6/06 ( Allafrica,com) - Tanzania will delay the implementation of the Common External Tariff (CET) rate of zero per cent on crude palm oil, for one year, and instead impose a duty rate of 10 per cent.
China Firms Seek Malaysian Palm Oil Waste For Biodiesel
BEIJING, June 19 (Bernama) -- The viability of palm oil as a clean alternative fuel has prompted several mainland China firms to seek palm oil waste from Malaysia to produce biodiesel amid spiking crude petroleum prices.
Boustead to set up RM570m Islamic REIT
21/6/06 9The Edge Daily) - Boustead Holdings Bhd group is setting up an Islamic real estate investment trust (I-REIT) to be listed on the Main Board involving some of its oil palm estates and mills with a total value of up to RM570 million.
Indonesia, Malaysia review progress in economic deals
20/6/6 (The Jakarta Post, Jakarta) - President Susilo Bambang Yudhoyono and visiting Malaysian Prime Minister Abdullah Ahmad Badawi met Tuesday to discuss the progress of a number of collaboration agreements in the energy and palm oil sectors.
Bursa to co-host China oil and oilseeds meet
19/6/06 (The Star) - KUALA LUMPUR: Bursa Malaysia and Dalian Commodity Exchange (DCE) will jointly organise the China International Oil and Oilseeds Conference.
FTA with Asean faces deadlock over tariff cuts
20/6/6 (Business Standard India) - Negotiations between India and Asean over the proposed Free Trade Agreement are deadlocked, with the latter now asking India to prune its list to just 60 items on which it will offer no tariff cuts. Asean has also rejected New Delhi's offer for a Tariff Rate Quota on palm oil, tea and pepper.
Brazil's Biodiesel Program May Have Found Its Way
21/6/6 ( Reuters) - SAO PAULO, Brazil - Less than a year ago, analysts were saying the Brazilian government's biodiesel program -- based on castorbean oil production to benefit poor family farms -- was a charitable thought but unviable.
Biodiesel plant cheer for Sabah
19/6/6 9The Star) - A British-Malaysian joint-venture will see the setting of a RM140mil biodiesel plant at the palm oil industrial cluster (POIC) in the Sabah east co-ast district of Lahad Datu.
