Many small scale industries are located in the RIICO industrial area of the town, providing local employment, as well as a number of medium-sized industries including fertilizer, soyabean oil processing, and plastics.
12.
Palm oil's cheaper price against soyabean oil has always excited the locals, and this excitement is given full rein when competing for a bigger slice of the global edible oils and fats market.
13.
The aim was to provide a fair and transparent platform for price discovery in CPO and allow traders to buy JADE CPO futures and CBOT soyabean oil futures concurrently to manage their edible oils price risk.
14.
Strong world demand for animal feed, coupled with expectations of crimped world grain output due to the El Nino phenomenon, caused US soyabean and soyabean oil futures markets to surge to new contract highs for the year.
15.
Malaysia cannot and should not accept this kind of discount as all its efforts after the 1987 episode have been geared towards trying to keep the price of palm oil at par with that of soyabean oil.
16.
Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said although the price of crude palm oil has reached RM1, 700 a tonne from RM1, 200, the price increase is still very low compared with the prices of soyabean oil on the international market.
17.
Momentum index : + 192 Relative strength index : 68 Observations : Encouraged by the bullish US soyabean oil futures market, the local CPO futures market surged to new highs for the year last week despite a none-too-encouraging outlook for palm oil fundamentals near term.
18.
This is because all of our marketing strategies have been to keep prices of palm oil almost at the same level as that of soyabean oil, " he told a news conference after opening a one-day seminar on " Joint Venture Prospects and Opportunities in Palm Oil Industry " which was organised by the Malaysian Palm Oil Promotion Council in Kuala Lumpur yesterday.
