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CPO price forecast to climb for rest of the year
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Malaysian palm oil extends losses amid China tariff fears, weak demand
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
Strive For Greater Economic Cooperation, Says Abdu
NEW DELHI, Dec 20 (Bernama) -- Datuk Seri Abdullah Ahmad Badawi saidMonday that Malaysia and India must now work towards greater economic andtrade cooperation, but cautioned that bilateral trade should move awaytraditional items like crude petroleum and palm oil.
TDM aims to be major player in palm oil sector
Tuesday December 21, 2004 - TDM Bhd, a Terengganu state owned company,hopes to be a major player in the palm oil industry in the next five toseven years with the addition of about 100,000ha to 120,000ha to itslandbank, executive director Datuk Alwi Said said.
