Italy's Fri-el Green To Grow 40,000ha Of Oil Palm For Biofuel In Congo

Palm Oil HQ Posted by Palm Oil HQ 35 days ago
Source: http://in.reuters.com
Added 35 days ago - BRAZZAVILLE, July 23 (Reuters) - Italian renewable fuel specialist Fri-el Green has signed a 30-year draft deal with the Republic of Congo to grow 40,000 hectares of oil palm to make biofuels, Congolese government officials said on Wednesday.

The deal would see Fri-el Green, half-owned by German energy company RWE, take control of Congolese state-owned companies Sangha Palm and Congo National Palm Plantations Authority (RNPC) for an undisclosed sum.

Sangha and RNPC have nearly 4,000 hectares of palm plantations in the northern part of the country.

Republic of Congo, an oil exporting country lying northeast of the larger Democratic Republic of Congo, has been withdrawing from state agricultural enterprises under a privatisation programme drawn up with Western donors.

Renewable fuel companies are increasing their interests in Africa and fertile regions elsewhere around the world as record high oil prices and fears over global warming increase demand for alternatives to fossil fuels.

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Latest Crude Palm Oil (CPO) Futures Prices (Hourly)

The Chart and table below show the latest Crude Palm Oil (CPO) Futures prices, as traded on the Bursa Malaysia Derivitives Exchange.


First trading session: Weekdays 10:30 a.m. to 12:30 p.m
Second trading session: Weekdays 3:00 p.m. to 6:00 p.m
Current Malaysian local time: 12:09:08 PM Thu, August 28th 2008

Palm Oil HQ Crude Palm Oil Futures Prices
1 USD = 3.3818 MYR Updated: 12:00:03 PM Thu, August 28th 2008
Month Open High Low Last Sett.p Change Volume O.P
Sep 20082,4372,4412,4372,4412,480-39131,466
Oct 20082,4622,4802,4622,4802,501-219512,503
Nov 20082,4622,4882,4522,4882,502-1467115,251
Dec 20082,4662,4902,4632,4902,504-14868,848
Feb 2009----2,518--572
Mar 2009-2,4652,520-2,189--0
0.00---2,50002,668-0
Jul 2009----2,511--2,374
Sep 2009---2,5510984-0
Nov 2009----2,507--424
Jan 2010----2,505--886
Mar 2010----2,503--219
May 2010----2,503--1,114
Jul 2010----2,503--36

Historical Crude Palm Oil (CPO) Futures Prices

Average Historical Spot Settlement Price for Crude Palm Oil on the Bursa Malaysia Derivitives Exchange.

Palm Oil HQ Historical Crude Palm Oil Futures Prices