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Palm oil closes at highest level in over a year
Palm oil harvest may pick up in March
Palm oil stocks at lowest level in seven months
CPO prices to fall to between RM3,800-RM4,000 a tonne in April: MPOC
China To Cut Tariff On Imports of Indonesian Stear
06/09/04 JAKARTA (Dow Jones)--China has agreed to reduce its importtariff on Indonesian stearic acid as part of wider plans to free up tradein the Asian region, the head of an association of Indonesian producerssaid Monday.
Consumers to pay more for imported cooking oil
9/6/04 INDIA (Oilmandi) - Imported cooking oil and steel will now becomemore expensive as customs authorities stop allowing DEPB drawbacks in lieuof cash payment of import duty. Both these high-ticket commodities willnow have to shell out the education cess and all applicable surchargeswhich are exempt while claiming DEPB.
Indonesia's CPO Exports To India To Fall 20% This
06/09/04 JAKARTA (Dow Jones)--Indonesia's exports of crude palm oil toIndia are set to fall 20% this year, due to strict import rules, theIndonesian Palm Oil Producers association said Monday.
Palmis: Malaysia Aug Palm Oil Output At 1.31M MT -
06/09/04 KUALA LUMPUR (Dow Jones)--Private surveyor Palmis ManagementBhd. Monday estimated Malaysia's August crude palm oil output at 1.31million metric tons, up from the 1.27 million tons produced in July,traders familiar with the latest Palmis report said.According to traders who obtained the data, Palmis estimated Augustpalm oil exports at 1.20 million tons, up from 1.11 million tons in July.Palmis pegged end-August stocks at 1.305 million tons, up slightlyfrom 1.27 million tons at end-July, traders said.Palmis is the only private palm oil crop forecaster in Malaysia, andits production, export and stock forecasts are closely watched by themarket.Traders said the figures were considered friendly, as the rise instocks in August wasn't as large as feared."There's quite a big drop in the stocks number compared to (Palmis')previous report," a trader said.In its previous report, Palmis had estimated end-August stocks around1.37 million to 1.38 million tons, traders said.Traders said the large reduction in stocks is likely to boostsentiment and lift palm oil prices in the afternoon session.The benchmark November CPO contract ended the morning session at 1,495ringgit ($1=MYR3.8) a metric ton, up MYR4 from Friday.They said the benchmark contract is likely to end the day above theMYR1,500 psychological level.Official August supply and demand figures are due to be issued by theMalaysian Palm Oil Board Sept. 13.The decline in Palmis' stocks forecast was mainly due to strongexports in August, traders said.Last week, cargo surveyors Intertek Testing Services and SGS(Malaysia) Bhd had also reported August Malaysian palm oil exports around1.2 million tons.
Indonesia in a haze from 1,100 fires
Saturday September 4, 05:55 PM (INDONESIA) - More than 1,100 forest firesburning in central Indonesia have enveloped the region in a choking hazethat's reduced air quality and delayed flights, officials said.
USDA Attache: India's '03 Soybean Oil Imports Seen
3/9/04 CEDAR FALLS, Iowa (Dow Jones)--India's soybean oil imports inMY 2003 are estimated lower at 750,000 metric tons, due to higher pricescoupled with high shipping costs, according to information from the U.S.Department of Agriculture's Foreign Agricultural Service web site, datedAug. 31 andreleased Friday.
Below-Normal Rains May Limit Palm Oil Yields In Ma
9/2/04 (Oilmandi) - Palm oil yields may be reduced from what theyotherwise would have been in late 2004 and early 2005 as rainfall inMalaysian palm oil regions was below normal during January-June 2004.
Indonesia Seeks Cut In China's Import Duty On Its
JAKARTA, Sept 1 Asia Pulse - Industry and Trade Minister Rini M.S.Soewandi will seek to talk to Chinese counterpart Bo Xilai to request fora reduction in the import duty on Indonesian stearic acid to 10 per centfrom the current 16 per cent.
Indonesian, Chinese Cos To Build Fertilizer, Plywo
JAKARTA, Sept 2 Asia Pulse - State-owned plantation company PT PerkebunanNusantara (PTPN) III and PT Surya Bumi Agro Langgeng have signed anagreement with China's Guangcai Jing Xu Ltd Co. of Beijing to buildfertilizer and particle board factories in Indonesia.