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Oil palm
Background from Wikipedia Species Elaeis guineensis The oil palms (Elaeis) comprise two species of the Arecaceae, or palm family. They are used in commercial agriculture in the production of palm oil. The African Oil Palm Elaeis guineensis is native to west Africa, occurring between Angola and Gambia, while the American Oil Palm Elaeis oleifera is native to tropical Central America and South America. Mature trees are single-stemmed, and grow to 20 m tall. The leaves are pinnate, and reach between 3-5 m long. A young tree produces about 30 leaves a year. Established trees over 10 years produce about 20 leaves a year. The flowers are produced in dense clusters; each individual flower is small, with three sepals and three petals. The fruit takes five to six months to mature from pollination to maturity; it comprises an oily, fleshy outer layer (the pericarp), with a single seed (kernel), also rich in oil. Unlike its relative, the Coconut Palm, the oil palm does not produce offshoots; propagation is by sowing the seeds. Malaysia Star,The company is mainly engaged in the manufacture of palm oil mills, and decided to be involved in cultivating oil palm as well. Oriental Holdings Bhd is Edible oil for biofuel under attack - 22 Oct 2007 Business Standard,The Solvent Extractors’ Association of India (SEA) has urged the government to discourage the use of edible oils, including rapeseed oil, palm oil and Edible oil should not be used for bio-fuel production: SEA - 22 Oct 2007 Hindu,He feared that rapeseed oil, palm oil and soybean oil would be used as bio-diesel with prices of crude oil rising to USD 90 per barrel. Hap Seng Seeks $227M in Malaysia IPO - 22 Oct 2007 Forbes,AP 10.22.07, 2:18 AM ET Palm oil producer Hap Seng Plantations Holdings launched an initial public offering Monday to raise at least 795 million ringgit Uganda: Country to Get a Biofuel Plant - 22 Oct 2007 AllAfrica.com,In an earlier interview, the executive director of Oil Palm Uganda Limited Mr Kodey Rao, said if additional land was given to his company in Bugala Island, Nigeria: Govt Spends N1.56 Billion On Agric - 22 Oct 2007 AllAfrica.com,He disclosed that during the period, 1.9 million hybrid oil palm seedlings were "raised" at a cost of N207 million and later sold to farmers for planting in 22-10-2007: Credit Suisse sees 2008 CPO prices exceeding 2007 levels - 22 Oct 2007 The Edge Daily,CREDIT Suisse expects palm oil (CPO) prices to remain volatile in the short term as it takes its lead from crude oil prices but was confident that the 2008 Hap Seng Allocates RM600 Mln To Expand Plantation Land By 50 Pct - 22 Oct 2007 Bernama,Sdn Bhd and Hap Seng Plantations (River Estates) Sdn Bhd, has 37630 hectares of plantation land in Sabah, with 32695 hectares planted with oil palm. Indonesia to Miss Palm Oil Target, Pangestu Predicts (Update2) - Oct 16, 2007 BloombergThe drier weather typically curbs output from oil palm estates the following year. Palm oil output in Malaysia, the second-largest producer, may reach 15.7 Import of palm group of oils through Kochi banned - Oct 17, 2007 Sify,...other palm oil, RBD palm oil, RBD palmolein, other such oil, palm kernel oil besides its fraction were not permitted to be imported through Kochi port. Record oil price boosts demand for biofuels but critics question ... - Oct 18, 2007 Forbes,Oil palm has the highest oil yields among oilseed crops, which makes palm oil the most environmentally-friendly answer to rising demand, Credit Suisse said At the end, a gain for Malaysian palm grower - Oct 17, 2007 International Herald Tribune,The company expanded into rubber production and in 1924 introduced oil palm to the Malay Peninsula. Golden Hope was founded in 1844. New Feedstock for Biofuels - Oct 18, 2007 Wall Street JournalBut readily available food crops such as corn, rapeseed and oil palm have become the first option in many countries, fueling demand for these crops and a Probe oil palm fruits theft: Kurup - Oct 17, 2007 Daily Express,Keningau: Sabah Land Development Board (SLDB) Chairman Tan Sri Joseph Kurup expressed disappointment over the theft of some 100 tonnes of oil palm fruits in Self regulate, to counter anti-palm oil lobby, says state minister. - Oct 4, 2007 Malaysia Star,SANDAKAN: Oil palm companies in the east Asean growth area must adopt "self regulation" through sustainable development to counter the anti-palm oil lobby. Green campaign hitting palm oil demand - Oct 1, 2007 ReutersYusof said oil palm cultivation is not responsible for the destruction of rainforests. "We grow our oil palm on legitimate agricultural land just like Cameroon: CFA 2.5 billion to Boost Palm Oil Production - Sep 27, 2007 AllAfrica.com,The regional project, "Improving the Income Generating Potential of the Oil Palm in Cameroon and Nigeria entered an important phase yesterday with How green is palm oil? - Sep 23, 2007 Jakarta Post,They suggest that green groups could buy small tracts of existing oil-palm plantations and use the revenue they generate to acquire land to establish a Palm oil futures at four-month high - Sep 24, 2007 Malaysia Star,Soybean oil, palm oil’s main competitor, hit a 23-year high on Sept 18. OSK plantation analyst Alvin Tai said reaching RM3,000 “was not an issue�. Indonesia palm oil sales seen up in 2008 - official - Sep 24, 2007 Reuters India,Indonesia has the potential to add 10-11 million hectares to current oil palm plantations totalling about 6 million hectares without damaging virgin forests Price of palm oil predicted to leap - Sep 24, 2007 International Herald Tribune,Soybean oil, palm oil's main competitor, reached a 23-year high of 40.49 cents on Tuesday. Demand for vegetable oils in the year to September 2008 may rise Semporna ACLR also to blame, say farmers - Oct 20, 2007 Daily Express,..."We entered and developed the land in 1987, initially planting cash crops and then cocoa and oil palm," he told Daily Express, Saturday. experts make an appeal for the apes - Oct 19, 2007 Chicago Daily Herald,Vast tracts of oil palm trees have been wiped out for palm oil, which is being increasingly used in foods because it is low in trans fat. Biggest loser due to palm oil cess: Sabah DAP - Oct 9, 2007 Daily Express,Kota Kinabalu: DAP Sabah called on the Government to abolish the oil palm cess for the benefit of planters. Kuamut DAP chief, Jusing @ Geoffrey Sabran said Palm oil: Better to self-regulate - Oct 4, 2007 Daily Express,Ewon was opening a BIMP-EAGA Oil Palm Industry Stakeholders Forum, here, Thursday. The forum was organised by the Palm Oil Industrial Cluster (POIC) and 4 million trees coming to restore Nigeria’s oil palm glory— ANYANWU - Oct 5, 2007 Vanguard,So my policy thrust here is to ensure that at the end of 2011, this ministry would have carefully implemented a policy which ISODEP (Imo State Oil Palm Indonesia Promotes Sustainable Palm Oil In London - Oct 3, 2007 Bernama,..."There is a perception in the international community that oil palm plantations have destroyed the environment, degraded the forests and killed orangutans 04-10-2007: MWE diversifies into oil palm planting - Oct 4, 2007 The Edge Daily,On prospects of the oil palm industry, it said CPO production this year was projected at 16.5 million tonnes, a small growth considering the impact of the MWE to buy oil palm firm - Oct 3, 2007 Business Times - Malaysia,MWE Holdings Bhd has proposed to acquire the entire stake in oil palm company, Fauzi Lim Plantation Sdn Bhd, for RM34.2 million. In a statement yesterday, 02-10-2007: TDM ventures into oil palm plantations in Indonesia - Oct 2, 2007 The Edge Daily,KUALA LUMPUR: TDM Bhd has entered into a joint-venture (JV) and shareholders agreement with Indonesian Bapak H Rahman to develop oil palm plantations and Palm oil, veritable alternative to oil and gas - Sep 29, 2007 The Tide,He declared that, “tests of oil palm, diesel mixtures and palm oil esters as diesel engine fuels indicated generally satisfactory performance, although, Malaysia's MWE to acquire oil palm company - Oct 3, 2007 Hemscott,...stock exchange filing, the company said it will acquire the entire equity interest in Fauzi Lim Plantation, which manages and operates oil palm estates. Malaysia's crude palm oil futures hit record on surge in crude oil ... - Oct 19, 2007 ABCmoney.co.uk,By : Agencies KUALA LUMPUR (Thomson Financial) - Crude palm oil (CPO) futures traded on the derivatives exchange of the Malaysian bourse hit a fresh record Agriculture minister to go to London to meet NGOs over oil palm ... - Sep 28, 2007 Antara,Several West European NGOs had blamed Indonesia`s oil palm plantations for environmental degradation, deforestation, decrease in the number of rare fauna, Eonmetall set to deliver first plant - Oct 3, 2007 Malaysia Star,...first solvent extraction plant to a major plantation player in Johor Baru that owns and operates over 11000ha of oil palm plantations in the country. Indonesian migrant worker dies in Malaysia - Oct 17, 2007 Jakarta Post,CILACAP, Central Java (Antara): An Indonesian migrant worker who worked in an oil palm plantation in Malaysia identified as Redi Martin, 19, died early this Greenpeace Bashes Biodiesel, Santa Barbara Freezes Diesel ... - Oct 15, 2007 American Chronicle,...so far, for all the "promise" of jatropha, the champion of the oil crops, acre for acre, and gallon for gallon is the oil palm. (Just by the way, Import bill set to surge on use of vegetable oil as biofuel - Oct 16, 2007 Economic Times,...discourage the use of vegetable oil (edible oil grade like soybean oil, palm oil and rapeseed oil) for fuel purpose and use non-edible oil and biomass. Sterling Biofuels commits to develop Malaysian palm oil mill - Sep 25, 2007 Biofuel Review,...as yet unamed, local partner who will provide access to minimum quantities of raw material (ie oil palm fruit bunches) for the mill. Farmers would no longer climb oil palm trees - Sep 26, 2007 Kessben FM,Oil palm cultivators would no longer climb the trees when harvesting the fruits with the introduction of the "Malayan knife" at this year's celebration of Former Malaysian Deputy PM named Chairman of world's largest ... - Oct 1, 2007 Indian Muslims,Musa Hitam has been appointed chairman of Synergy Drive Berhad, the company set to become the world's largest listed oil palm plantation company. Malaysian palm hits record high - Oct 16, 2007 Daily Times,KUALA LUMPUR: Malaysian palm oil futures rose 2.7 percent in early trade to strike a new record on Tuesday as prices of rival soybean oil and crude oil Biodiesel poses environmental challenge - Oct 11, 2007 bunkerworld (subscription),A single hectare of oil palm can yield nearly 6000 litres of crude biodiesel. In comparison, soybeans and corn generate only around 445 and 170 litres per Fima turnaround plan yields optimistic results - Sep 30, 2007 Malaysia Star,For sustainability, Riza said: “We have identified new businesses in the production of palm-based biodiesel and winter fuel in Malaysia as well as oil palm Dalian to start palm oil futures - Oct 17, 2007 CCTV,The Dalian Commodity Exchange will launch trading in palm oil futures on October 29th. The goal is to provide a hedging tool for domestic firms, Forest preservation: Moving beyond benefit-sharing - Oct 9, 2007 Jakarta Post,For example, oil palm companies have to become members of the Roundtable on Sustainable Palm Oil (RSPO), which certifies palm oil exports to the European Liberia: Significant New Investment Deals Signal Economic Turnaround - Oct 18, 2007 AllAfrica.com,...some of that land because places like Malaysia and Indonesia, which are the two biggest exporters of oil palm, are pretty much saturated for production. Recorda To Usher In Golden Era For Sibu, Says Taib - Oct 16, 2007 Bernama,Even before this, the government has managed to reduce the migration by opening more oil palm plantations. Through Recorda, Sibu would have more job and Soyoil futures fall on weak palm oil prices - Oct 16, 2007 Commodity Online,Refined soy oil futures across NCDEX and MCX have traded down tracking the weakness in Malaysian palm oil markets. Traders locked in profits from the recent Cheng to mediate in Unico-Desa dispute - Oct 19, 2007 Malaysia Star,UDP was then incorporated as a private limited company entrusted with planting oil palm on a piece of land in Kretam, Sabah. News index | RSS | News Feed Advertisements: Organic Apparel from Patagonia | Insect-repelling clothing |
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