19-21 Oct, 2015 - Krabi, THAILAND
Beyond Resort Krabi
Beyond Resort Krabi
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This article looks at aspects of the entire edible oil manufacturing process, including analysis of oilseeds, quality control of finished oils, olives and olive oil, testing for adulteration, and monitoring of frying oil quality.
For more information and to access this article, please contact:mui.saranwong@bruker.com
14 Oct, 2015
Thailand is the world's third-largest palm oil producer and the country is facing problems of palm oil oversupply. In order to use up the excess palm oil, the country doubled the volume of palm oil blend into diesel in April this year. The move is expected to increase domestic palm oil prices too.
The new palm oil blend proportion has marked an increase to 7 percent from the previous 3.5 percent.
Thailand’s energy ministry expects the change to increase biodiesel consumption to around 3.7 million litres a day from 2.2 million litres. The country had a total diesel demand of approximately 60 million litres a day (around 378,000 barrels per day) in March, 2015.
In March 2015, the palm oil stocks stood at around 170,000 tonnes, well above the government's targeted storage levels of 135,000 tonnes whereas in January, the stocks had slid to around 110,000 tonnes.
7th Palm Oil & Rubber Summit on 19-21 October, 2015 in Krabi, Thailand will explore more on above and other vital trends in Asia’s palm oil industry.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
14 Sep, 2015
Mitsui & Co. and Mak Kim Hong Group Co., a Cambodia-based company, had jointly established a research company named – Japan (Cambodia) Tropical Plantation Partners Co (JCTPP) in April 2013. Recently, they decided to restructure JCTPP into a Cambodia-based business corporation that will specialise in rubber tree plantations, rubber block processing and exporting business.
It is expected that the demand for rubber block will increase by approximately 4-5% annually, mainly driven by the growing demand for cars and vehicles in emerging markets of China and India.
Thailand, Malaysia and Indonesia are the major rubber block producers, where rising labour costs are resulting in higher production costs. As rubber block processing is a labour intensive industry, it’s expected that countries like Laos and Myanmar, particularly Cambodia will become major rubber block production centers in the world.
Given such a market scenario, JCTPP plans to acquire usage rights for approximately 10,000 hectares of land leased from the government in the central province of Kampong Thom and develop extensive rubber plantations. JCTPP also plans to build a rubber block processing plant, thus establishing a complete value chain – plantations, rubber processing and exporting.
Mitsui is expected to bring in its rich experience of developing forest plantations in Australia and its global marketing capabilities.
Mitsui plans to sell rubber blocks directly to tire manufacturers and other users. The company also plans to expand into neighboring countries on the Indochinese peninsula, including Myanmar and Laos with similar projects.
Veasna Norng, CEO of Japan Cambodia Tropical Plantation Partners (JCTPP) will further elaborate on ‘Rubber Planting in Areas Previously Cultivated with Acacia’ at 7th Palm Oil & Rubber Summit, scheduled on 19-21 October, 2015 in Krabi, Thailand.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
19 Aug, 2015
Malaysia's major palm oil planter Genting Plantations is foraying into the downstream sector for the very first time. The planter has planned to build a 300m ringgit (US$82m) refinery in Sabah. The 600,000 t/y capacity plant is expected to begin operations in the latter part of 2016.
The new refinery will be built by Indonesia's palm oil company Musim Mas Group, which has a 28% interest in the company set up while Genting Plantations holds the remaining 72%.
The palm oil refinery will be an addition to the Genting Integrated Biorefinery Complex that will produce "high value-added downstream products".
Genting already boasts of approximately 244,000 km2 of plantations across Indonesia and Malaysia. The expansion into the downstream sector will help the company elevate as a major vertically-integrated player in the palm oil industry. Refining its own palm oil, Genting Plantations can further expect to derive greater value from its products and stay away from the impact of volatile palm oil prices.
Companies such as Sime Darby and IOI Corp already have vertically-integrated business.
Latest news and information from palm oil markets will be discussed at 7th Palm Oil & Rubber Summit on 19-21 October, 2015 in Krabi.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
24 Jun, 2015
