 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
 |
|
|||||||||||||||||
 |
 |
 |
 |
 |
 |
|
|||||||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|||||||||
 |
 |
 |
|
||||||||||||||||
 |
 |
 |
 |
|
|||||||||||||||
The Crude Palm Oil Futures Closing: Wednesday, August 29, 2007
(Prices are in RM/tonne)
|
MONTH |
OPEN |
HIGH |
LOW |
SETT |
Vol |
O.P |
|
Share The Story :
         |
Environmentalists view the expansion of oil palm plantations in southeast Asia as one of the greatest threats to the region’s forests and biodiversity. Campaigners say oil palm is driving the conversion of tens of thousands of hectares of peatlands and lowland forest in
Palm oil producers are fighting back, accusing the West of hypocrisy for criticizing their production while overlooking environmental harm caused by biofuel production in other parts of the world, including Amazonia (soy biodiesel and sugar cane ethanol), Europe (rapeseed), and the United States (corn ethanol).
Now a new paper calls for a truce, proposing that conservationists…
European Commission is developing legislation that will require minimum sustainability standards for biofuels development, European Energy Commissioner Andris Piebalgs said at the recent International Biofuels Conference in Brussels, Belgium, on July 5”“6. As part of its ongoing energy strategy, the European Union (EU) has agreed on an action plan to have biofuels comprise at least 10 percent of the region’s transport fuel use by 2020. “It is, of course, essential to ensure that this increase is fulfilled in a sustainable way; we cannot just sit back and assume this will happen automatically,” Piebalgs said.
Current trends indicate that 60 percent of the increase in carbon dioxide emissions in the EU between 2005 and 2020 will come from transport, according to Piebalgs. Emphasizing that, “biofuels are not the panacea for all our energy problems,” he noted that the renewable fuels—primarily biodiesel and ethanol—can help tackle…
“
He said more replanting should be undertaken in
“We should not have this situation actually (as it will lower the average yields). We should have an average age profile of at least between 11 and…
They said in addition to tax increase, lower soyaoil prices had also affected the CPO prices.
A dealer said the poor performance of the global stock markets has also pulled the commodity prices down.
He said the market fundamentals were, however, still strong as prices were traded range-bound — between RM2,400 and RM2,450 level — on strong festive demand.
At the close, the CPO futures for Sept ‘07 slipped RM27 to RM2,463 per tonne, Oct ‘07 decreased RM39 to RM2,406, Nov ‘07 fell RM34 to…
By Ahmad Farizal Abdul Hajat
KUALA LUMPUR, Aug 29 (Bernama) — The average yield of oil palm fresh fruit bunches (FFB) is expected to increase by up to 25 tonnes per hectare per year with the application of new technologies, the Malaysian Palm Oil Board (MPOB), said today.
Its chairman, Datuk Sabri Ahmad, said this could be realised by using good planting materials such as PS1 seedlings from MPOB, GH500 seedlings from Golden Hope and other planting materials.
“These new seedlings, coupled with a good agronomic practices — such as oil palm being planted only in suitable areas, would help
“By applying all these, it will ensure that the national avarage can effectively increase to 25 tonnes per hectare,” he told Bernama on the sidelines of the International Palm Oil Congress…
By RUBEN SARIO
State Tourism, Culture and Environment Minister Datuk Masidi Manjum said he intended to carry out surprise spot checks on such mills around the state.
“These checks would give me a better picture of what the actual situation is on the ground,” he said Wednesday after a two-day trip to the east coast Kinabatangan district.
He said he came across a palm oil mill there discharging effluent into the tributary of the nation’s second longest waterway.
“The water in the river stank. You don’t need to be scientist to know that there was something wrong there,” Masidi said.
He added that he had told the mill operator to “clean up his act” in…
By Mahanum Abdul Aziz
Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron said palm oil prices would able to touch RM3,500 per tonne level if the crude oil prices hit US$100 per barrel in the future.
However, he said palm oil prices might not trade higher than crude oil prices as demand for the commodity might come down due to higher prices.
“Knowing that petroleum is a diminishing resource, its prices will likely remain high, and by association, palm oil prices will similarly be remuneratively high in the future,” he told Bernama at the ongoing International Palm Oil Congress 2007 (PIPOC 2007).
He said the price level of over RM2,000 per tonne for palm…
ISEO president Robert M. Reeves said the import of palm oil and its fractions into the
“Trans fats have received global attention after the studies indicated that diets relatively high in trans fats raise low-density lipoprotein (LDL) or bad cholesterol which is a risk factor for coronary heart disease,” he said at the Product Development and Nutrition Conference held in conjunction with the International Palm Oil Congress (PIPOC 2007)…
MALAYSIA: Malaysia expects to increase the national average yield of oil palm fresh fruit bunches (FFB) by up to 25 tonnes (27.5 tons) per year with the application of new technologies, Malaysian Palm Oil Board’s (MPOB) Chairman Datuk Sabri Ahmad told Malaysian national news agency Bernama at the International Palm Oil Congress on Aug 29.
A combination of the use of new seedlings such as MPOB’s PS1, Golden Hope’s GH500 and the planting of oil palm in more suitable environments will help
A 3.8 percent hike in FFB yield to 19.6 tonnes (21.5 tons) per hectare contributed to a 3.4 percent year-on-year increase in oil yield to 3.9 tonnes (4.3 tons) last year. MPOB is aiming to raise the national average of FFB yield by an additional tonne to 20.6…