Archived News

25/09/04 - According to customs statistics, China imported 1.6683 milliontons of soybeans in August, with 887,700 tons from Brazil and 779,400 tonsfrom Argentina. China imported 12.505 million tons of soybeans fromJanuary to August in 2004, down 15%. From January to August, Chinaimported 6.3266 million tons of soybeans from the USA, up 1%, 3.7094million tons from Brazil, down 22.11% and 2.4602 million tons fromArgentina, down 33%. China imported 15.48 million tons of soybeans fromOctober 2003 to September 2004, and if the imports in September are 1.5-2million tons, the total will reach 17-17.5 million tons. China imported2.977 million tons of soybeans in January-August from Nanjin customs,23.8% of the total, 2.999 million tons from Qindao customs, 23.9% of thetotal and 957,000 tons from Shenzhen, 7.7% of the total.

25/09/04 - The soybean has a bumper harvest in Heilongjiang, approaching6.2 million tons, up 11%. The soybean has a bumper harvest in NortheastInner Mongolian Autonomous Region, approaching 1.05 million tons, up 96%.NGOIC currently forecast the Chinese soybean production at 17.5 milliontons this year, the highest level in history and up 14%, and the domesticsoybean crushing consumption is forecast at 8 million tons.

CANBERRA, Sept 27 AAP - Global crop yields must soar in coming years orthe world will face a grain shortage, one of the world's leading grainsexperts warned today.

25/09/04 - The grade 4 soyoil ex-factory price is at 6,300 Yuan per tonthis week in Hebei, Beijing and Tianjin, with the bulk grade 1 soyoilex-factory prices at 6,520-6,560 Yuan per ton. The grade 4 soyoilex-factory price has dropped again in Shandong, with the current prices at6,200 Yuan per ton, and 6,280-6,300 Yuan per ton in Henan.The grade 4 soyoil ex-factory prices this week are at 6,230-6,240 Yuan perton in Jiangsu, 6,150 Yuan per ton in Guangdong and 6,220-6,240 Yuan perton in Fujian. The current grade 4 soyoil ex-factory prices are at 6,280Yuan per ton in Dalian and 6,400 Yuan per ton in Shenyang, Liaoningprovince, and 6,460-6,480 Yuan per ton in Jilin and Heilongjiang.The grade 4 soyoil ex-factory prices this week are at 6,500 Yuan per tonin Guangdong and Fujian, 6,700 Yuan per ton in centreal China and 7,000Yuan per ton in Sichuan and Chongqing.(1 yuan = RM0.4591)

MUMBAI, Sept 28 Asia Pulse - India's imports of palm oil were expected toshoot up to 4 million tonnes during the current year as against lastyear's imports of 3.66 million tonnes, according to Godrej Internationaldirector Dorab Mistry.

28/09/04 NEW DELHI (Dow Jones)--Indonesia's exports of palm oil to Indiacould rise marginally next year given that India's edible oil output mayfall because of a smaller oilseeds harvest, an Indonesian industryofficial told Dow Jones Newswires.

29/09/04 - NEW Britain Palm Oil Limited has set January as its date toenter and develop oil palm in the Solomon Islands.

KUALA TERENGGANU, Sept 27 (Bernama) -- TH Estates Holdings Sdn Bhd (THEstates), a wholly-owned subsidiary of Lembaga Tabung Haji and Jasa BaktiSdn Bhd Monday signed a joint-venture agreement, which will see TH Estatesinjecting RM11.9 million capital to develop an oil palm estate in thestate.

9/27/2004 BUSINESS LINE- Mumbai, Sept. 25 - GLOBAL production of 10leading oilseeds, estimated at 365.35 million tonnes (mt) during 2004-05,is expected to result in ample oilseed supplies worldwide but there areconcerns about the drought in Argentina and Brazil, according to Mr ThomasMielke, Editor, Oil World.

JAKARTA (Antara): The Agency for the Assessment and Application ofTechnology (BPPT) started on Monday testing the use of palm-oil-basedbiodiesel on 23 employee buses as a way to introduce the use of biodieselfuel.

Mumbai , Sept. 26 - INDIA'S edible oil industry could witness aconsolidation of domestic and international players, especially amongthose involved in overseas trades, according to a senior industry member.

Dr. Drew WernerSeptember 26, 2004