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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
Strong El Niño forecast signals fresh upside for palm oil prices
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
Malaysia Carotech Targets Pft Jump, New Mkts
7/2/06 KUALA LUMPUR (Dow Jones)--Malaysia's Carotech Bhd. (0076.KU) is targeting a steep rise in net profit as it expands capacity to meet growing global demand for specialty palm-oil extracted products.
Carotech building new palm oil facility
7/2/06 (Business Times) - BIOTECHNOLOGY and biodiesel firm Carotech Bhd will buy 13ha in Lumut, Perak, for RM9.7 million to boost its crude palm oil (CPO) production facility.
Malaysia's commodities exports set to touch RM65b
2/1/06 (Business Times) - THE commodities sector continued to shine last year, with export earnings expected to hit RM65 billion, exceeding the RM62.7 billion recorded in 2004.
INDONESIAN OFFICIAL SEES SLUMP IN GLOBAL CPO MARKET IN 2008
6/2/06 JAKARTA, (Asia Pulse) - A slump is expected to hit the global crude palm oil (CPO) market in 2008 when total production from Malaysia and Indonesia is estimated to reach 30 million tons, an Indonesian industry official said.
CPO Prices May Hit MYR1,600/MT In 2006 - Exec
6/2/06 KUALA LUMPUR (Dow Jones)--With global oil prices remaining high, palm oil prices are expected to move to a higher range in 2006 as the commodity stands to benefit from the expansion of the global biofuels industry, a Malaysian plantations industry executive said.
Malaysian Palm Oil Promotion Council names new CEO
3/2/2006 (India Infoline) - Malaysian Palm Oil Promotion Council (MPOPC) on Thursday announcd that YBhg Tan Sri Datuk Dr Yusof Basiron, a seasoned captain with extensive experience in the palm oil industry has been appointed Chief Executive Officer of MPOPC, effective January 19, 2006.
Red tape blocking oil palm project
2/2/06 MIRI(The Star) - The people of Ulu Teru district in remote northern Sarawak invested their hard-earned money 10 years ago to buy oil palm seedlings for a project.
Over 45 pc dip in Nov-Jan vegoil imports
2/2/06 Mumbai (Business Line) - JANUARY saw a further decline in vegetable oil imports. According to preliminary data made available to Business Line by the industry portal Oilmandi.com, arrivals last month totalled 1.88 lakh tonnes comprising approximately 70,000 tonnes of crude degummed soyabean oil, 98,000 tonnes of crude palm oil and about 10,000 tonnes each of refined palmolein and crude sunflower oil.
Market outlook: Post-holiday rally, plantations surge
5/2/06 (The Edge Daily) - Investors returned from the long Chinese New Year holidays to a rousing rally on Feb 3 - despite the fact that many investors were still away for the long break.
