|
Palm oil rises on poor weather, exports recovery and stronger rivals
Demand for palm products to advance
Palm oil extends decline on weaker rivals, higher production
Palm oil ticks up in range-bound trading as slowing demand outlook weighs
TH Group gets Unilever project in Ghana
Dec 21 4:14 AM - TH Group Bhd said its MSC-status subsidiary iTechWorldwide Sdn Bhd has secured a project initially worth RM380,000 fromUnilever Ghana for the supply and implementation of eFLEX solution, asuite of management software for plantations and palm oil mills.
Felda To Set Up RM20 Mil Biotechnology Plant In Se
PETALING JAYA, Dec 20 (Bernama) -- Felda plans to set up a RM20 millionbiotechnology plant in Sepang to produce better quality plantation seedswith higher yield.
Firm to expand palm oil venture
Dec. 20, 2004 -SARANGANI Province-A Singaporean investor engaged in palmoil production has started expanding its operations, according toSarangani Governor Miguel Dominguez.
Government mulls perks to encourage use of palm oi
Tuesday December 21, 2004 - TO GET more motorists to use palm oil diesel,the Government is considering giving them some form of incentive for usingthe fuel, Sin Chew Daily reported.
MARKET TALK: Ample India Vegoil Supply May Hurt CP
20/12/04 (Dow Jones)--Indian edible oil prices lower in week to Fridayamid ample supplies, with domestically crushed oils arriving in market.RBD palm olein quoted at INR36,000/ton, down INR500 from last week. Ifstocks continue to rise and price weakness persists, may be bad news forpalm oil producers Malaysia, Indonesia in coming months as room forfurther Indian imports may be limited, traders say.
MARKET TALK: Indonesia Palm Oil Export Dip Not Sur
20/12/04 (Dow Jones)--Drop in Indonesia November palm oil exports (592,143tons, down 27%, Sucofindo says in report seen by traders) unlikely to havemuch impact on prices as already factored into market. Weakness notsurprising as figures for Malaysia issued recently also showed steepdecline. Consumers have been slowing down purchases as already wellstocked, traders say.
MARKET TALK: MPOB '04 CPO Output Forecast Likely E
20/12/04 (Dow Jones)--Malaysia's 2004 CPO production likely to surpassearlier MPOB forecast of 13.66 million tons, traders say. Output inJanuary-November at 12.66 million tons, already above earlier MPOBprojection for the period at 12.39 million. But higher-than-forecast 2004output not surprising as MPOB figures considered conservative; most marketplayers already expecting production about 13.8 million tons.
Myanmar to start OPEC-funded edible oil project
YANGON, 12/20 - Myanmar will start implementing a 12.3-million-US-dollaredible oil project next month, funded by the Organization of PetroleumExporting Countries (OPEC) to help upgrade its oil crops production forself-sufficiency, the local Myanmar Times reported Monday.
Plantation sector to keep growing
Tuesday December 21, 2004
