PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 07 Jul 2025

|

Advanced Search

Archived News

MARKET DEVELOPMENT  
  25-02-2005

MARKET TALK

Revision Of MYR Peg Negative For CPO Prices(Dow Jones)--Calls for review of ringgit exchange rate continue, withMalaysia's Institute for Economic Research reiterating government shouldremove peg as soon as possible; MIER says ringgit currently 10%-12%undervalued. Any revision to a stronger rate will have negative impact onCPO prices in Malaysia, palm oil traders say. Since palm oil products areexported in dollar terms, ringgit-denominated CPO prices will have to beadjusted downwards to maintain margins.

MARKET DEVELOPMENT  
  25-02-2005

World Coconut Oil: Prices Up On Bullish Influence

24/02/05 MANILA (Dow Jones)--World coconut oil prices were higher thisweek, influenced by the strength of the trendsetting soy oil market,traders said.

MARKET DEVELOPMENT  
  24-02-2005

Abdullah Reiterates Determination To Develop Agric

KUALA LUMPUR, Feb 22 (Bernama) -- The Prime Minister Tuesday nightreiterated his determination to see the Malaysian agriculture sectorgrowing by leaps and bounds, tapping into the advancement of technologyand harnessing the endless opportunities.

MARKET DEVELOPMENT  
  24-02-2005

Discrepancy in Centre's revenues from edible oil

2/23/05 INDIA - THERE seems to be a serious discrepancy between the valueof edible oil imports into the country and the corresponding revenuesearned by the Centre on these.

MARKET DEVELOPMENT  
  24-02-2005

Export Earnings Of Most Commodities Will Stay, Say

KUALA LUMPUR, Feb 23 (Bernama) -- Export earnings of most commodities andcommodities-based products with the exception of pepper and tobacco for2005 are expected to stay with the opening of newly planted areas in Sabahand Sarawak and increased downstream products, said a minister.

MARKET DEVELOPMENT  
  24-02-2005

Higher import duties in India to hurt Indonesian C

2/23/2005 Asia Pulse JAKARTA - Indonesia's exports of crude palm oil(CPO) to India are expected to fall short of expectations after the latterraised import duties on the commodity to 80 per cent, up from 65 per centearlier.

MARKET DEVELOPMENT  
  24-02-2005

USD Weakness Positive For Palm Oil Demand

2/23/05 Oilmandi - Renewed USD weakness another factor likely to supportpalm oil market in near term, traders say. EUR/USD now at 1.326, highestsince mid-January. Continued USD weakness makes dollar-denominatedcommodities like palm oil more attractive for consumers, likely to triggerfresh buying interest.

MARKET DEVELOPMENT  
  22-02-2005

Higher Import Duties In India Set To Hurt Indonesi

JAKARTA, Feb 17 Asia Pulse - Indonesia's exports of crude palm oil (CPO)to India are expected to fall short of expectations after the latterraised import duties on the commodity to 80 per cent, up from 65 per centearlier.

MARKET DEVELOPMENT  
  22-02-2005

Indonesia To Ask India For Explanation On CPO Impo

JAKARTA, Feb 18 Asia Pulse - Indonesia will formally ask India about thepurpose of its recent decision to increase the import duty on palm oilimports.

MARKET DEVELOPMENT  
  22-02-2005

Malaysia's Federal Land Eyes Oil Palm Plantation I

JAKARTA, Feb 21 Asia Pulse - Malaysia's Federal Land DevelopmentAuthority (Felda) wants to build a new oil palm plantation in EastKalimantan .

MARKET DEVELOPMENT  
  22-02-2005

Oil Palm production in Northeast set for bio-diese

BANGKOK, Feb 21 (TNA) - The Department of Agriculture has announced plansto plant one million oil palm trees in Thailand's northeastern Nong Khaiprovince as part of a pilot bio-diesel project.

MARKET DEVELOPMENT  
  22-02-2005

Tsunami-devastated Aceh to get palm oil plantation

February 21, 2005 - Most of the damaged land in the northern tip ofIndonesia's tsunami-devastated Sumatra island will be cultivated with palmoil plantations, Agriculture Minister Anton Apriyantono said.