Archived News

31/1/05(Dow Jones)--Oilworld expects soyoil, palm oil prices to findsupport at current low prices, say traders familiar with its latestreport. In medium term, some price advance possible due to seasonallylower stocks, slowdown of production growth. Demand for eight majorvegetable oils forecast to rise by a record 5.3 million tons in 2004-05year (October-September) compared with 3.6 million tons previous season,partly due to growth of biodiesel industry.

KARACHI (January 27 2005): Pakistan's palm oil market saw little buyinginterest in the past week but dealers said on Wednesday that dwindlingcottonseed supplies would boost imports in a few weeks. Weak internationalprices and overbought positions held by big importers were behind theslack buying interest and most traders were waiting for the internationalmarket to hit rock bottom. "There is room for big imports as current(international) prices are very attractive but the market lacks aggressivebuying interest," said Akbar Puri, an importer in Karachi.

1/31/05 Oilmandi - MALAYSIAN crude palm oil futures on BMD endedmarginally higher on Friday due to short covering. Markets will lookforward to export estimates for the month of January next week, fordirection.

Friday, January 28, 2005 - Ahead of lunar new year festivities, industriesin China are reducing their activity, and this will eventually cut demandfor certain raw materials including crude palm oil (CPO), thus weighingdown on the commodity price.

1/28/2005 MANILA STANDARD - The coconut oil industry is incensed. "It istime to correct the lies perpetuated by the US soybean industry thatsaturated fats, which include coconut oil, are a threat to consumerhealth," declared the Philippine Coconut Producers Association Inc.(PCOPA).

Saturday, January 29, 2005 Jakarta - President Susilo Bambang Yudhoyonosaid he has ordered state-owned enterprises to work to improve thelivelihood of farmers and fishermen who constitute a majority of thecountry's 230 million population.

Jan. 29, 2005, 9:43PM BOMBAY, INDIA - Use of edible oil as a fuel couldincrease in coming years as major vegetable oil producers from Malaysia toBrazil seek to cash in on high energy prices, industry executives saidthis month.

1/20/2005 - Danisco has received authorisation to use and sell its new,vegetable oil-based plasticiser GRINDSTED SOFT-N-SAFE in the EU. Theauthorisation is a breakthrough within plasticisers where consumers havelong called for an alternative to, for instance, phthalates. The producthas been included in the EU's positive list for the so called superdirective and is a safe solution for use with no quantitative restrictionsin food contact materials.

27/1/05 (Dow Jones)--Indonesian palm oil producers lobby Gapki expects2005 palm oil exports at 7.8 million tons, up from 7.0 million tons in2004; but forecast unlikely to have much positive impact on prices asproduction also expected to rise sharply this year, traders say. Gapkiprojects output at 11.6 million-11.8 million tons in 2005, up from 10.8million tons in 2004. Gapki head says he expects CPO prices to recover toMYR1,350/ton in February due to lower oilseeds output in India

26/1/05 - FRESH palm oil investments from a Malaysian businessman willbenefit thousand farming families in North Cotabato..

1/25/2005 - Food makers enjoying bearish prices for palm oil usedextensively in food applications could see a rise as Malaysia, the world’snumber one producer, builds plans to reduce palm oil production, writesLindsey Partos.

Jan 24 7:51 PM USA - Consumers who begrudge paying Middle East oilinterests for diesel oil and heating oil have a clean, safe and domesticalternative in biodiesel. It doesn't involve drilling. It's actuallybetter for engines, and it works in any engine that uses diesel fuel. Itburns cleanly, and it is produced from crops grown in the fields of ourMidwest.