Archived News
12-10-2001
Kursus penyiasat minyak sawit
06 October 2001 (NSTP)
12-10-2001
Malaysia palm oil futures eye 982 rgt resistance
KUALA LUMPUR, Oct 11 (Reuters) - The following are factors likely toaffect the performance of Malaysian palm oil futures on Thursday.* Chicago Board of Trade soybean and soymeal futures closed lowerWednesday on technical selling and reports of a pickup in the U.S. harvestpace, while soyoil closed mixed, following this week's rally after Indiacut its base price of palm oils.CBOT soyoil futures closed up 0.05 cent per lb to down 0.07 cent per lb,with October up 0.05 cent at 15.32 cents and December unchanged at 15.49cents.* Technical analysts said short term outlook was positive in Malaysia'scrude palm oil futures, but the market has yet to break free from thebears."The market needs to break 982 ringgit in order to go up to 1,000ringgit," said one analyst in Kuala Lumpur."It doesn't mean the classic bear is over yet. Based on the currenttechnical indicators, the bearish trend is intact," he added.The analyst pegged support at 944 ringgit and major resistance at 982ringgit. Next resistance was seen at 1,010 ringgit.* In India, traders said that local importers are likely to increase palmoil buying in the next few months following the government's cut of baseimport prices.The reduction, announced on Tuesday, has resulted in a fall of 10 to 20percent in the effective import levies on palm oils, making imports moreattractive.India, the world's largest buyer of edible oils, is now likely to buy morethan the earlier estimated 400,000 to 450,000 tonnes in October, saidtraders.In Malaysia, palm oil futures ended sharply higher on Wednesday due tomarket-friendly export figures and India's move to cut base prices of palmoils.The benchmark third-month December palm oil contract was up 56 ringgit at973 ringgit ($256.05) a tonne after trading as high as 980 ringgit,slightly below key resistance of 986 ringgit.
12-10-2001
Pakistan offering guarantees for commodity cargoes
SINGAPORE, Oct 11 (Reuters) - Pakistan has urged insurance firms not tolevy war risk surcharges on cargoes as shipowners are increasinglyreluctant to charter vessels since the U.S. launched retaliatory strikeson Afghanistan, shipping industry officials said on Thursday.Many industry officials see India, Pakistan and Bangladesh as a "risktriangle" as the Taliban faced a fourth consecutive day of militarystrikes for sheltering Osama bin Laden, the prime suspect behind theSeptember 11 airplane attacks on the U.S."The reluctance of shipowners have increased after the retaliatory strikesbegan on Afghanistan," said one Karachi-based shipping industry official."More and more owners are insisting on higher war risk insurance cover."Shipbrokers in Karachi added that Pakistani government officials werecurrently in talks with some insurance firms, and were offering guaranteesfor their vessels."The government is trying its best to issue indemnity to insurancecompanies for not levying a war risk surcharge," said the shippingindustry official. "All efforts are being made. The government is tellingthem that their ships will be safe."Last week, three international shipping lines, Korean lines HyundaiMerchant Marine Co Ltd and Wanhai Line, together with Hong Kong-basedOrient Overseas Container Lines (OOCL) suspended operations to assess warrisk insurance charges.Shipping officials said on Wednesday they had decided to resume Pakistanoperations.Pakistani shipbrokers said Karachi port officials had recently called ameeting with trade officials to discuss the crisis arising out of themilitary offensive in its neighbour."We told them (port authorities) that we are facing this problem. They aretrying to issue a notice in newspapers that it is safe to come here," saidone shipbroker, adding that one U.S. ship coming to Pakistan was alsooffered escort.One Indian shipbroker added that shipowners were extremely cautious. "Nocontract cancellation has taken place but the impact is somewhat felt.Shipment costs to the Middle East have somewhat gone up."
12-10-2001
Palm oil, latex prices take a dive after Sept 11 a
11 October 2001 ( Business Times) - The prices of palm oil and latex hasdropped since the Sept 11 attacks on America, causing further hardship tosmallholders.
12-10-2001
Potensi kosmetik berasaskan minyak sawit
06 October 2001 (NSTP)
12-10-2001
Usaha berterusan atasi sisa kilang sawit
06 October 2001 (NSTP)
11-10-2001
Biofuel: Melihat kehadapan
06 October 2001 (NSTP)
11-10-2001
China to raise soyoil imports at low duty after WT
SHANGHAI, Oct 10 (Reuters) - China will delay by two years to 2002 itsschedule for tariff cuts on soybean oil agreed in deals on its WTOaccession due to delays in entering the global trade group, trade sourcessaid on Wednesday.It also plans to allow larger soyoil import quotas by the end of the fifthyear of the tariff rate quota plan, under which it reduces tariffs whileraising quotas each year until they are eliminated in 2006, the sourcescited a schedule from the U.S. Trade Representative's Office as saying.According to the USTR, import quotas for soybean oil under thetariff-rate-quota system would total 3.587 million tonnes by 2005, higherthan the 3.261 million tonnes agreed in the Sino-U.S. WTO deal signed inNovember 1999, the sources said.The tariff cuts were originally scheduled to start in 2000 and run through2005, but final multilateral agreements on China's entry to the WorldTrade Organisation were agreed only in September
11-10-2001
Govt seeks safer routes for palm oil
Thursday, October 11, 2001(The Star) - LANGKAWI: Malaysia has to findsafer routes to ship its palm oil to Pakistan and the Gulf statesfollowing the attack on Afghanistan.Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said Malaysia hadto look into the option of getting the oil through the war zone areas andalso study what the insurance industry termed as war risk areas.He said the strikes had caused an increase in insurance costs.“We have to do a lot of readjustments and find other routes to make surethat the oil not only goes to Pakistan and beyond but also to the otherGulf states around it which are big consumers of palm oil,’’ Dr Lim saidafter the Cabinet meeting here yesterday.
11-10-2001
Lidah Pengarang: Memanfaatkan ICT untuk kecekapan
06 October 2001 (NSTP)
11-10-2001
Malaysia's palm oil up on India base price, export
KUALA LUMPUR, Oct 10 (Reuters) - Malaysian palm oil futures firmed acrossthe board on Wednesday due to market-friendly export figures and India'sdecision to revise downwards its base import price of palm oils.By midday, the benchmark third-month December palm oil broke majorresistance of 933 ringgit and was up 48 ringgit at 965 ringgit ($253.95) atonne. It had touched a high of 980 ringgit.Volume was heavy at 2,098 lots.Before the market opened, traders said cargo surveyor Intertek TestingServices (ITS) estimated Malaysia's palm oil exports for the first 10 daysof October at 291,103 tonnes, up from 233,970 tonnes for September 1-10.Another cargo surveyor, Societe Generale de Surveillance Malaysia Sdn Bhd(SGS), whose figures are more closely watched by market players, is due torelease its export estimates for October 1-10 after 0600 GMT on Wednesday."People are reacting to the Indian base price news. But people realisethey couldn't push prices much higher because it will cause the Indians toshun the market," said one trader in Kuala Lumpur.India, the world's largest edible oil importer, has cut the base importprice of crude palm oil to $286 a tonne from the $337 it fixed in August.The base import price of RBD palm oil had been cut to $295 a tonne from$351.The government has also cut the base price of RBD palm olein to $307 atonne from $372.India was Malaysia's main buyer in 2000, taking 2.03 million tonnes ofpalm oil.In physical palm oil, offer for October crude palm oil for the southernregions was at 900 ringgit a tonne against bids of 890. There were dealsat 890 to 900 ringgit.CPO for November for the central region was offered at 895 ringgit againstbids of 890 ringgit. Deals were done at 890 ringgit to 900 ringgit.November CPO was offered at 950 ringgit for southern region against bidsof 942.50 ringgit. Deals were reported at 940 to 955.November CPO for the central region saw offers at 945 ringgit against bidsof 942.50 ringgit. Deals were done at 940 to 945 ringgit.Among refined products, October RBD palm oil was offered at $255 a tonne,November at $260 and December at $265.Offers for October RBD olein were at $262.50, November at $267.50 andDecember at $272.50.October RBD palm stearin was offered at $250 a tonne and October palmfatty acid distillate was offered at $207.50.
11-10-2001
Malaysia hasilkan 20 peratus oleokimia asas dunia
06 October 2001 (NSTP)