Archived News
10-01-2005
Oilseeds stocks to rise, soy prices to decline thr
1/7/2005 - World Commodity Forecasts Food Feedstuffs and Beverages -Stocks of oilseeds will be rising strongly in 2004/05, especially in theUS, where carryover stocks of soybean are estimated at 12.5m tonnes--theirhighest since 1985/86.
07-01-2005
Ecofuture expects biomass biz to contribute 80% to
Dow Jones Jan 02 6:13 PM - Mesdaq Market-bound Ecofuture Bhd expects itsoil palm biomass business to contribute 80% to its net profit for thefinancial year ending Dec 31, 2006 from 60% now when production of its newproducts starts.
07-01-2005
MARKET TALK
Mkt Awaits MPOB Data6/1/05 KUALA LUMPUR (Dow Jones)--Crude palm oil futures on the BursaMalaysia Derivatives ended little changed for a second straight dayThursday amid sluggish trading as an absence of fresh leads continued tosap interest.The benchmark March CPO moved within a very narrow MYR9 band throughoutthe day before closing MYR1 lower at MYR1,356 a metric ton.Wednesday, the contract ended only MYR2 higher.Earlier in the week, the market fell sharply to reach near 16-monthlows, but since then, prices have been range-bound amid subdued tradinginterest.Thursday's trading volume was a poor 1,838 lots, far below usual levelsof at least 4,000 lots."Sentiment is still quite bearish, but the market is a bit oversold atthe moment so people are backing off and waiting for some fresh leads," atrader said.Traders said market players will be watching soyoil futures in thenear-term for direction as there are no supply and demand data due thisweek.Usually, a crop report from private surveyor Palmis Management Bhd. is atalking point for market players during the first week of each month.However, the industry's sole forecaster has ceased issuing its reports.Market participants are now waiting for official December supply anddemand figures from the government-run Malaysian Palm Oil Board. The dataare due midday Monday.Market expectations are for the MPOB to report a rise in stocks inDecember due to high production.Stocks stood about 1.4 million tons at end-November and are speculatedto have touched record levels of over 1.5 million tons by end-2004,traders said.They said high stocks, if confirmed by the MPOB figures, could pressurepalm oil prices to test the psychological support level of MYR1,300 in thelonger term.Open interest in CPO futures totaled 27,369 lots at the end ofWednesday, down slightly from 27,630 lots the previous day.The cash market was also flat, mirroring the performance of the futuresmarket.RBD palm olein for January/February/March delivery was last offeredunchanged at $387.50/ton.Trading activity was slow, though there was talk of an unconfirmed tradefor January at $387.50/ton, traders said.January CPO, locally delivered, was offered at MYR1,370/ton, down MYR5.
07-01-2005
Project to produce beta-carotenes in groundnut
Hyderabad , Jan. 3 - THE International Crops Research Institute forSemi-Arid Tropics (Icrisat) has launched a research project to enhance theproduction of beta-carotenes in groundnut.
06-01-2005
New European Union Common Agricultural Policy to c
Brussels, 23 December 2004
06-01-2005
Edible oil trade fair to be held in Seville in Sep
1/5/2005 - The fair promoters SURVEY Marketing & Consulting GMBH & Co. KGare organizing their second professional trade fair in Spain, EDIBLE OIL,which caters to the international oils and fats industry.
06-01-2005
India to tax interesterified oil on par with vanas
1/5/2005 BUSINESS LINE New Delhi - The Finance Ministry has clamped anexcise duty of Rs 1.25 per kg on interesterified fats on par with thatcurrently charged on vanaspati.
06-01-2005
INTERVIEW: Malaysian CPO Producers Need To Buck Up
Wednesday January 5, 4:07 PM KUALA LUMPUR (Dow Jones)--Palm oil producersin Malaysia need to take action to remain competitive as rising globaloilseeds production is expected to drag down edible oil prices further in2005, a top industry official said.
06-01-2005
Oils and fats industry to gather in Spain
05/01/2005 - The international oils and fats industry will gather in Spainlater this year to tackle issues affecting the market.
06-01-2005
Select edible oils remain weak on reduced offtake
New Delhi, Jan 5 : The downslide in select edible prices continued in thelocal wholesale oils and oilseeds market today mainly due to considerablefall in demand from millers as well as retailers and lost some ground.
05-01-2005
Cautious start for plantation stocks
Monday January 3, 2005 - PLANTATION stocks would likely kick off on acautious note in the New Year amid crude palm oil (CPO) prices coming downfrom their highs, and a bumper soybean harvest in the United States on theback of high stocks and increasing output by global producers.
05-01-2005
Demand for bulk carriers expected to rise in wake
12/31/2004 MALAY MAIL - DEMAND for ship space, especially that of bulkcarriers, may rise in the short term in the wake of the recent tidal waveswhich slammed south Asia, shipping sources in Malaysia said yesterday.