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Latest Palm oil Stories

2008-09-21 03:00:22

By MacDonald, Christine JUDSON BARROS lives in the state of Piaui in northwestern Brazil - a region known as El Cerrado that is traditionally dominated by dirt poor family farms and tropical woodland savannahs. It's a stunted, scruffy landscape often overshadowed by the larger and more romanticized Amazon jungle to its west. But it is nonetheless important as Brazil's second-largest ecosystem. Scientists say it is one of the most biologically diverse savannahs on the planet. In 2003, New...

2008-09-04 00:00:20

OIL palm industry-based Kwantas Corp Bhd has reported a huge jump in net profit for its year ended June 2008, helped largely by higher crude palm oil (CPO) prices and better margins. The group reported a net profit of RM191.87 million, a significant improvement from RM93.95 million recorded last year. Its revenue was also higher at RM3.42 billion, compared with RM1.95 billion previously. The group also attributed the good performance to the increased palm and soyabean oil processing...

2008-09-02 09:00:36

BioCentric Energy, Inc. (BCEI), Dun & Bradstreet # 62-123-2946, has agreed on the terms and conditions of a Memorandum of Understanding to merge with AutoMax Group Holdings Inc. (PINKSHEETS: AUMX). When the imminent merger occurs, the proposed name and symbol with be changed to BioCentric Energy Holdings (BCEH). BioCentric Energy, Inc. is dedicated to the development of new technologies as well as acquiring and fostering companies with innovative technologies designed to provide unique...

2008-09-02 00:00:25

By Ooi Tee Ching OIL palm planters can expect their fertiliser bill to fall from today, following the government's decision to abolish import duty on the product. The tax exemption on fertilisers takes effect from September 1 2008, Plantation Industries and Commodities Minister Datuk Peter Chin said. Last year, Malaysia's import bill of 3.4 million tonnes of mineral fertilisers totalled RM2.6 billion, the bulk of it paid by oil palm planters. Fertiliser cost accounts for about 60 per...

2008-09-02 00:00:21

By Lokman Mansor; Zaidi Isham Ismail; Rupa Damodaran; Hamisah Hamid; MALAYSIA faces rising food prices because it is not producing enough rice, wheat, dairy products, temperate fruits, beef, mutton and fish. The country, however, produces and exports a substantial amount of palm oil, chicken, eggs and vegetables. Malaysia consumes about 2.2 million tonnes of rice in a year but is only able to produce 1.6 million tonnes. The government has to import some 600,000 tonnes to satisfy the...

2008-08-22 18:00:40

Amiworld, Inc. (OTCBB: AMWO), an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, today announced several key strategic initiatives for the balance of fiscal 2008 and 2009. "While the past year has been gratifying in terms of development and the rapid building of revenues, our initiatives over the next year will allow us to realize our aggressive short-term revenue and earnings goals...

2008-08-21 12:01:21

BEIJING, Aug. 21 /Xinhua-PRNewswire/ -- Tootoo.com today releases its thoughts on the decreasing price of cooking oil in China. Tootoo.com believes the fall of cooking oil prices is caused by the decreasing international oil prices. The yield decrease of soy in the USA, Brazil and Argentina is caused by bad weather, which also decreased the export of soy, so the price of soy ( http://www.tootoo.com/w-Agriculture/ ) in the international market increased sharply last year. However, the...

2008-08-18 00:00:34

By Ooi Tee Ching MALAYSIA may see its position as the world's leading oleochemical producer in terms of market share undermined by the high prices of natural gas, industry players say. The Malaysian Oleochemicals Manufacturers Group (MOMG) has appealed to the government to lower the price of gas used as an ingredient in the industry. The 11 members of the group are willing to pay the new price for gas used as fuel, it said. The members use about 32 per cent of their gas supply as...

2008-08-15 15:01:01

Amiworld, Inc. (OTCBB:AMWO), an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, announced the closing of a private offering financing. The Company sold 510,000 restricted shares of its Common Stock at a price of $5.00 per share to a group of overseas investors and received proceeds totaling $2,550,000. "Proceeds from this offering will be used to acquire petroleum crude inventories...

2008-08-15 00:00:30

By Jeeva Arulampalam THE government hopes to reduce its current chemical fertiliser import bill of RM5 billion for the oil palm industry by 30 per cent within three to five years, says Plantation Industries and Commodities Minister Datuk Peter Chin. Chin said the estimated import bill had increased twofold due to higher petroleum and other commodity prices. Last year, the import bill for 3.4 million tonnes of chemical and mineral fertilisers stood at RM2.6 billion. "It (the bill) can...