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Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
High January stock levels to cap CPO prices
Ircon starts civil works on double-tracking projec
INDIA's Ircon International Ltd, one of the two foreign parties in theproposed Malaysia's railway double-tracking project, has initiatedpreliminary civil works on the project.
RM3b stimulus may see only RM920m usage by year-en
ONLY about RM920 million of the RM3 billion fiscal stimulus packageintroduced by the Government in March is expected to be disbursed byyear-end, with stringent bank rules, red tape and slower economic growthall seen as contributing to the fund's low utilisation rate.
Analysts still bullish on plantation sector's outl
ANALYSTS continue to be bullish on the outlook of the plantation sectordespite the lower-than-expected earnings registered by some of the biggestplantation companies in the country.
Good palm oil prices may hamper replanting plans
GOOD palm oil prices of late may hamper the Government's plan to replantthe country's oil palm plantations.
Rubber Industry To Go Online
KUALA LUMPUR, Aug 25 (Bernama) -- Palm oil went online recently withe-Pomex, and now it is the rubber industry's turn to catch up with theelectronic world with a Malaysian-based rubber portal, "NRExchange.com."The portal will pave the way for the commodity to go for a globalmarketplace.
Fast -track north, south electric railway projects
The Transport Ministry wants the northern and southern electrifieddouble-track railway projects to be expedited by as much as half theoriginal timeframe, so as to boost local economic activity.Minister Datuk Seri Dr Ling Liong Sik said project consultants have beenasked to see if the projects could be completed in three years instead ofsix.They are also to see if work on both the northern and southern lines canbegin simultaneously.The northern double-tracking project is from Ipoh to Padang Besar(338.8km). The southern line is from Seremban to Johor Baru (297km).A start date has not been determined as the proposal needed fine-tuning.Instead of waiting for the consultants to finalise their proposal, Dr Lingsaid contractors should join the planning now so work could begin soonest."Let everyone be a part of the preliminary work...so we can shorten thepreparatory phase. There is no need for the ministry to review theconsultant's report and then only give it to the contractors."Dr Ling was speaking at a Press conference at his ministry here.He said under review were certain parts of the track that neededre-alignment as existing lines were too curved. Sharp curves would preventthe electric trains from running at their high speeds of 160 to 180kilometers per hour, he said.Re-alignments would pose problems to about 10 per cent of areas affectedby the project."Some people and homes might be displaced but they are only in a fewplaces."He named Bukit Berapit in between Taiping and Kuala Kangsar, Bagan Seraiand Tanjung Rambutan on the northern line, and Tampin on the southernline.More than 50 overhead road bridges would also be built so motorizedtraffic would not be disrupted by the trains.The Indian Railway Construction Company will build infrastructure for thenorthern line. The southern line has been awarded to the China RailwayEngineering Corporation.Each project is estimated to cost RM6 billion, according to past reports.Payment would include a barter trade in palm oil.Japan's Mitsui Corporation will provide the systems, such astelecommunication and signaling."The sooner the project starts, the better for the economy, he said,adding that even oil palm smallholders would benefit when India and Chinastarted buying oil palm."Double-tracking can increase the number of train services a day by fivetimes, compared to a single track.DRB-Hicom and Mitsui are undertaking the central project which runs fromRawang to Ipoh, worth RM4.2 billion.
Intermed, MPOB Come Out With Palm Oil-Based Polyur
KUALA LUMPUR, Aug 24 (Bernama) - Polyurethanes (PU), which make good heatinsulators, are very popular in temperate countries because they help saveenergy.
Malaysian palm oil firms on technical rebound
KUALA LUMPUR, Aug 24 (Reuters) - Malaysian crude palm oil futuresreturned to positive territory in a chart-inspired rally on Friday andhopes that India may be coming back to the market to stock up. Thebenchmark third-month November contract was 11 ringgit higher at 1,109ringgit ($291.84) a tonne after trading as high as 1,112. Volume was thinat 436 lots. November contract ended down 23 ringgit at 1,098 ringgit($288.95) at the close on Thursday. "India still hesitates to buy palm oilbecause its local edible oil crop is coming in in October. But who knowswhether the crop is sufficient to meet demand," said one trader in KualaLumpur. "I guess, India will be buying palm oil anytime soon," he added.Some other traders said India, the world's largest edible oil importer,would come to the market next month ahead of the Diwali Hindu festival oflights in November. One technical analyst pegged major support at 1,076ringgit. Immediate resistance was quoted at 1,120 ringgit. "If the marketcan hold the support level in the next five days, we could see (a further)technical rebound," said the analyst.
Emira-Kuok introduces new fertiliser compound to b
EMIRA-KUOK Fertilisers Sdn Bhd (KKF), a joint-venture company between theKuok group and Finland’s Kemira Agro, has officially introduced a newfertiliser compound called the Hi-Kay Plus.The company said that the compound was capable of improving oil palmyields by up to 15%.At a presentation held during the International Palm Oil Congress (PIPOC)2001 in Kuala Lumpur on Monday, company officials said the Hi-Kay Plus wasa more cost-effective alternative compared with traditional compounds asgrowers would benefit from a lower fertilising cost per year.“At most three rounds of applications will be required compared with otherfertilisers that require six to 10 rounds,’’ a company official said.According to him, this will result in savings on labour and supervisioncosts while at the same time improving field management and productivity.He said that while the cost per hectare using the product would be 3% to5% higher than using the existing fertilising methods, an increased yieldwould off-set the higher cost incurred.“A 1% increase in yield will more than cover any cost differentialsagainst applying straights,’’ the official said.Since its soft launch in July this year, the Hi-Kay Plus has attractedencouraging response from both smallholders and plantation managers.Apart from the local market, KKF is also exporting its products toregional plantations in South-East Asia.
