2010 Transfer of Technology Seminar
Date : 17 June 2010
Time : 9.00 am - 12.45 pm
Fee = RM50
Download the PDF brochure here
Wednesday, June 16, 2010
Noble Group invests in Indonesian palm oil producer
14/06/2010 (Channel News Asia), Singapore - Commodities player Noble Group has acquired a 51 per cent stake in Indonesia's PT Henrison Inti Persada to expand its edible oil supply chain and secure a continuous flow of crude palm oil.
Noble did not disclose the sum it paid for the stake in its stock exchange filing.
It said PT Henrison intends to develop about 32,500 hectare plot of land for palm oil production in Sorong Regency, West Papua Province, Indonesia.
The transaction is Noble's first project in the palm oil sector and establishes a platform for the group to expand and increase its investments in this area in the future.
Noble's Group Executive Chairman Richard Elman said this transaction complements the company's global agricultural and energy business.
He added that the investment is a strategic fit for the group's portfolio.
Meanwhile, PT Henrison is to be registered as a member of the Roundtable on Sustainable Palm Oil (RSPO).
RSPO is an organisation that promotes the production of palm oil in a sustainable manner based on economic, social and environmental criteria.
Sunday, June 13, 2010
Palm Oil Exports, Earnings To Be Better This Year
12/06/2010 (Bernama), Kuala Lumpur - Malaysia's palm oil exports and earnings this year will be better than last year's due to growing demand for vegetable oil from countries like China, India and Russia.
Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok, said the three countries' economies were growing and their uptake of vegetable oils, including palm oil, would increase.
"The Chinese economy has never relented and it is still growing. Therefore, 2010 could be a better year for the palm oil industry," he told Bernama in an interview recently in Shanghai, China.
The minister was on a six-day working visit to Beijing and Shanghai from June 1-6 to promote palm oil, rubber and timber as well as to boost bilateral trade and investment ties.
Dompok said export volume of palm oil and related products in 2009 had not changed much compared with the previous year, but the earnings dropped because of the crude palm oil (CPO) prices.
"Hence, the export earnings this year could be much better than in 2009, supported by the CPO prices which stayed above the RM2,500 per tonne level," he said.
In 2009, exports of palm oil products declined by 24 per cent to RM49.59 billion from RM65.2 billion previously. The decline was due to lower average CPO prices of RM2,244 per tonne last year compared with RM2,859 in 2008.
Dompok and his wife, Puan Sri Diana Dompok, also visited the Malaysia Pavilion at the Shanghai World Expo 2010.
He said the expo was an ideal avenue to showcase Malaysian products and a source of information on the country's main commodity exports such as palm oil, rubber and timber.
Dompok said China was a big market for Malaysia, especially for palm oil.
"For instance, we are exporting more than four million tonnes a year and I think it will continue to be a market for us.
"The two countries are active because both have been enjoying a friendly and cordial bilateral relations since the establishment of diplomatic relations in 1974," he said.
He gave an assurance to the Chinese consumers that the palm oil supply to China would be sustained despite the mandatory sales of biofuel starting next June as Malaysia has 1.6 million tonnes of palm oil stocks.
"The priority at the moment is given for food production. I think the amount of palm oil that we are going to produce will increase in future because we are working towards increase productivity.
"Also because some of the oil palm we have at the moment have not matured yet especially those in Sarawak. Once all these are matured, then we will see an increase in production," he said.
Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok, said the three countries' economies were growing and their uptake of vegetable oils, including palm oil, would increase.
"The Chinese economy has never relented and it is still growing. Therefore, 2010 could be a better year for the palm oil industry," he told Bernama in an interview recently in Shanghai, China.
The minister was on a six-day working visit to Beijing and Shanghai from June 1-6 to promote palm oil, rubber and timber as well as to boost bilateral trade and investment ties.
Dompok said export volume of palm oil and related products in 2009 had not changed much compared with the previous year, but the earnings dropped because of the crude palm oil (CPO) prices.
"Hence, the export earnings this year could be much better than in 2009, supported by the CPO prices which stayed above the RM2,500 per tonne level," he said.
In 2009, exports of palm oil products declined by 24 per cent to RM49.59 billion from RM65.2 billion previously. The decline was due to lower average CPO prices of RM2,244 per tonne last year compared with RM2,859 in 2008.
Dompok and his wife, Puan Sri Diana Dompok, also visited the Malaysia Pavilion at the Shanghai World Expo 2010.
He said the expo was an ideal avenue to showcase Malaysian products and a source of information on the country's main commodity exports such as palm oil, rubber and timber.
Dompok said China was a big market for Malaysia, especially for palm oil.
"For instance, we are exporting more than four million tonnes a year and I think it will continue to be a market for us.
"The two countries are active because both have been enjoying a friendly and cordial bilateral relations since the establishment of diplomatic relations in 1974," he said.
He gave an assurance to the Chinese consumers that the palm oil supply to China would be sustained despite the mandatory sales of biofuel starting next June as Malaysia has 1.6 million tonnes of palm oil stocks.
"The priority at the moment is given for food production. I think the amount of palm oil that we are going to produce will increase in future because we are working towards increase productivity.
"Also because some of the oil palm we have at the moment have not matured yet especially those in Sarawak. Once all these are matured, then we will see an increase in production," he said.
Wednesday, June 9, 2010
Palm Oil Highly Sought Globally Due To Chronic Shortage
Expanding economies and rising population leading to a chronic shortage of oil and fats will continue to make Malaysia palm oil a highly sought after edible oil in the global arena.
Although palm oil accounts for 34 per cent of the global output of 160 million tonnes oil and fats, it is stil not enough to meet the high demand from importers, said Malaysian Palm Oil Council (MPOC) Chief Executive Officer Tan Sri Dr Yusof Basiron.
He said the situation was made more acute by the fact that the only other major producers besides Malaysia was Indonesia followed by Argentina at a distant third to serve world oils and fats demand especially from the food sector.
It was moderated by Bernama Editor-in-Chief Datuk Yong Soo Heong, Puan Salbiah Said, Bernama Deputy Editor-in-Chief in-charge of Bernama Economic Service and Cik Siti Hawa Othman, an Assistant Editor with Bernama Economic Service.
Dr Yusof said almost 80 per cent of the country's palm oil output was exported and dedicated for serving the food industry in making margarine, shortening, fat cooking, while another 20 per cent have been diverted for oleo chemical or non-food use.
"It is the major economic sector of our country and main export earner. Last year, we raised RM50 billion in revenue and this year, I want to suggest more than RM50 billion probably RM55-RM60 billion as the price was likely to be higher as shown in the first two months.
"Last year, we produced 17.5 million tonnes and we are anticipating anywhere within that figure to 18 million tonnes this year," he said.
Dr Yusof said MPOC was aware of the huge multiplier effect contributed by the industry in terms of employment, where almost half a million people were working in the industry, but there were still labour shortages in areas such as harvesting and other related activities.
He said additional workforce was required to run downstream processing industries as the council regarded oil palm as a multi-commodity industry.
"The new industries coming in include biomass and methane to make electricity which can be connected to the national grid. Now, we are beginning to harvest the oil palm trees and trunks for furniture, exporting to more than 70 countries," Dr Yusof said.
Currently, there are 600 million oil palm trees in the country that could be harvested and converted into fibre products including medium density fibre boards as well as pulp and paper which are now beginning to be popular.
Tuesday, June 1, 2010
Malaysian Palm Oil Board (MPOB) Upcoming Events
17 June 2010 - Transfer of Technology Seminar 2010 - MPOB Head Office, Bandar Baru Bangi, Selangor
18 June 2010 - MPOB GSAS Seminar 2010 - MPOB Head Office, Bandar Baru Bangi, Selangor
27- 28 September 2010 - 2010 National Seminar on Palm Oil Milling, Refining, Environment and Quality (POMREQ) at Magellan Sutera Harbour Resort, Kota Kinabalu, Sabah
18 June 2010 - MPOB GSAS Seminar 2010 - MPOB Head Office, Bandar Baru Bangi, Selangor
27- 28 September 2010 - 2010 National Seminar on Palm Oil Milling, Refining, Environment and Quality (POMREQ) at Magellan Sutera Harbour Resort, Kota Kinabalu, Sabah
Recommended Book:
"Most vegetable oils are obtained from beans or seeds, which generally furnish two valuable commodities an oil and a protein-rich meal..."Click here
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