Archived News

JAKARTA, Sept 15 Asia Pulse - State-run Board of Logistics (Bulog) saidpayment of US$192 million for a number of Russian jet fighters Shukoi andother military hardware will be fully settled next month.

MUMBAI, SEPT 12: The Global Agriculture Information Network (GAIN) of theUS Department of Agriculture in its fresh estimates of the worldagriculture production has revised global wheat production upwards. India’s soybean area has been revised upward as the largest producing state,Madhya Pradesh, has reported maximum sowing till date.

NEW DELHI, Sept 14 Asia Pulse - Vanaspati (vegetable ghee) and vegetableoils industry on Monday demanded immediate change in import regime for"crude" palm oils (CPO) saying that a massive 95 per cent of the importswere being subjected to a 10 per cent higher customs tariff after beingcategorised as "refined".

TEHRAN, Sept 14 (Bernama) -- Iran may one day become one of the biggestimporters of Malaysian palm oil among West Asian countries.

9/14/2004 - Feeding the Growth in Aquaculture to 2015: The Scope for NovelNutritional Products is the first comprehensive study to link the growthin fish production and demand to global and regional opportunities forformulated feed, vegetable proteins, vegetable oils and feed additives inthe aquafeed industry.

SHARJAH, Sept 14 Asia Pulse - Indonesia is likely to lose 50 percent ofits export potential valued between US$140 million and US$160 million toNigeria following the latter's ban on the import of 41 commodities, atrade official said.

10/09/04 - The procurements of imported soyoil by China for shipmentsafter October have remained at low level and no new contracts have beensigned according to the new standard, so the imports will drop to a lowlevel in October-November. The demand for grade 2 soyoil and rapeseed oilhas declined in China, the increases in prices since early September havestopped and it is forecast the price is difficult to rise greatly beforethe Mid-autumn Festival and the National Day. The domestic demand for palmoil has declined rapidly as the temperature has dropped greatly in NorthChina, making the prices drop continuously, and the current palm oilimports have reduce.

KUALA LUMPUR (Dow Jones)--Asian cash palm oil prices were steadyMonday, with products in Malaysia moving higher amid positive marketsentiment following the release of bullish supply and demand figures.Friday, cargo surveyors SGS (Malaysia) Bhd and Intertek TestingServices issued export estimates that were well above market expectations.The friendly export data were followed by another bullish reportMonday from the Malaysian Palm Oil Board, which said palm oil stocks fellin August, contrary to expectations of an increase.So far, the rise in palm oil prices has been modest, as profit takingby long position holders in the futures market has capped gains.However, some traders said they expect palm oil prices to hold steadyand gradually move higher in the coming weeks because there was still keendemand from consumers."In the cash market, the buyers are there. They are just waiting forthe right time to come in," a trader said."One thing is for sure - the market isn't going to move downwards,given the kind of figures we've had."At 0754 GMT, the benchmark November CPO contract on the Bursa MalaysiaDerivatives was at 1,498 ringgit ($1=MYR3.8) a metric ton, up MYR6 fromFriday.Earlier Monday, the MPOB said Malaysian palm oil exports in Augustrose 9.4% on month to 1.22 million tons.The MPOB said August palm oil output rose 3.8% on month to 1.32million tons, while end-August stocks fell 2.7% on month to 1.26 milliontons.The figures were considered friendly, as market players were expectinga rise in stocks.Private forecaster Palmis Management Bhd. had estimated end-Auguststocks at 1.305 million tons.The MPOB report came on the heels of estimates released Friday byIntertek and SGS which showed exports growing by nearly 50% on month toaround 450,000 to 470,000 tons in the Sept. 1-10 period.The estimates were well above market expectations of around 400,000tons.In the cash market, crude palm oil for September shipment was atMYR1,590/ton, up MYR5 from Friday, delivered basis in South Malaysia.RBD palm olein for September shipment was offered at $457.50/ton, up$2.50 from Friday.RBD palm oil for September shipment was offered at $447.50/ton, alsoup $2.50 from Friday.Prices weren't available for Indonesia because of a national holiday.Trading resumes Tuesday.

13/09/04 BEIJING (Dow Jones)--China imported 12.5 million metric tonsof soybeans from January to August this year, down 15.1% on year, XinhuaNews Agency reported Monday, citing customs figures.Imports of edible oils totaled 4.49 million tons in the first eightmonths, up 43.4% on year, the report said.The report didn't give any explanation for the fall in soybean importsor rise in vegetable oil imports, but said China's demand for rawmaterials is rising.

9/13/2004 - DEPARTMENT FOR THE ENVIRONMENT, FOOD AND RURAL AFFAIRS NewsRelease (352/04) issued by the Government News Network on 13 September2004

KUALA LUMPUR, Sept 13 (Bernama) -- Malaysia's crude palm oil production(CPO) in August increased 3.82 percent to 1.319 million tonnes from 1.270million tonnes in July, due to strong rise in Sabah and Sarawak.

On 9 September 2004, Bob Hartmayer, Chief Operating Officer (COO), openedthe world's largest vitamin E plant in Sisseln, Switzerland. "Through thisinvestment, DSM demonstrates its strong commitment to the industry and ourcustomers, and once again confirms our position as the global leader inNutritional Ingredients", said Bob Hartmayer, COO of DSM NutritionalProducts. The world's most advanced vitamin E manufacturing facilityfurther strengthens the DSM Nutritional Products position as world marketleader in the production of vitamins for the feed, food, pharmaceuticaland cosmetics industries.