Archived News
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 .
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.
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.