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KUALA LUMPUR: FGV Holdings Bhd has issued a clarification about the land lease agreement (LLA) between FELDA and FGV.
KUALA LUMPUR: The Primary Industries Ministry is seeking diplomatic solutions with India following their move to restrict refined palm oil imports from Malaysia.
KUALA LUMPUR: The additional RM1 cess per tonne of palm oil produced that will be imposed by the government starting next year will lead to higher production costs for planters.
LAHAD DATU: Biorefining, which is the processing of biomass, will soon be a reality in the Lahad Datu palm oil industrial cluster (POIC Lahad Datu) here.
KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) is planning to venture into the transportation of iron ore for mines in Indonesia. Group financial controller Richard Ling told StarBiz the group was targeting to commence the shipment of the mineral in the second half of the year.
KUCHING: Bintulu-based BBC Holdings Sdn Bhd is constructing a RM13mil biogas plant within its palm oil mill, using a new Japanese technology.
Palm oil prices are to remain bullish in the next five months due to the crop-damaging weather in the United States, India's doubling of taxes on refined products and the approaching El Nino phenomenon.