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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
CHINA PLANS OIL PALM PLANTATIONS IN KALIMANTAN
09/08/05 JAKARTA, (Asia Pulse) - A number of Chinese investors will buildoil palm plantations with a total investment of US$8 billion along theborder area with Malaysia in Kalimantan.
IJM Plantations to set up palm oil mill in Sandaka
03/08/05 (The Star) - IJM Plantations Bhd plans to set up a new palm oilmill in Sugut, Sandakan within the next 2½ years.Managing director and chief executive officer Velayuthan Tan said: "Wewill invest about RM30mil for the 30-tonne per hour mill to cater for theanticipated double-digit growth annually in our fresh fruit bunches (FFB)production over the next four years."
Indonesia Set to Export More Palm Oil to India Thi
09/08/05 NEW DELHI, (Asia Pulse) - Indonesia, the world's second largestpalm oil producer, is likely to export about two million tonnes of thecommodity to India this year, 11 per cent more than the 1.8 million tonneit shipped last year."We are expecting that exports to India this year will be about twomillion tonnes as compared to 1.8 million tonnes last year," Derom Bangun,chairman of Indonesian Palm Oil Producers Association, said on thesidelines of the India-Indonesia Joint Business Council meeting here.
M'sia Needs To Maintain Leadership Position In Pal
06/08/05 KUALA LUMPUR, (Bernama) -- Malaysian companies need to maintaintheir leadership in the palm oil industry in view of increasingcompetition, especially in terms of their profitability and production,says John K. Kuruvilla, managing director of OILPALMWORLD, an e-commercewebsite dedicated to the palm oil industry.
Malaysia to cut diesel imports with biofuel plan
09/08/05 (The Edge Daily) - Malaysia, the world's largest producer ofpalm oil, plans to cut diesel imports by 500,000 tonnes a year with a planto produce bio-diesel using a mix of palm oil and diesel, an industryofficial said on Aug 9.
MPOPC Acts On Twisted Facts Spread By Anti-Palm Oi
08/08/05 KUALA LUMPUR, (Bernama) -- Palm oil, a dark yellowish to reddishoil from the fruit of the Elaeis guineensis palm, has benefited countrieslike Malaysia because of its multi-fold economic spin-offs.
Oilpalmworld Trading Platform Aims To Attract More
09/08/05 KUALA LUMPUR, (Bernama) -- MSC-status company, Oilpalmworld SdnBhd, hopes to have 1,000 or more companies registering for itselectronic-Marketplace (e-Marketplace) trading solution by year end, whichis the first comprehensive virtual marketplace for the palm oil and palmoil-related industries.
Palm oil to raise global market share
10/08/05 HAMBURG (Reuters): Palm oil is likely to increase its share ofthe global edible oil market in 2005/06 while the overall market is likelyto remain in surplus, Hamburg-based newsletter Oil World forecasts.
Palm oil trading on the net soon
09/08/05 (The Edge Daily) - All palm oil trade will soon be conducted inreal time online, a move which will save the oil palm plantation industryup to RM1.57 billion annually, said Oilpalmworld Sdn Bhd managing directorJohn Kuruvilla.
