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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
IOI expects another record year
Friday October 22, 2004 - IOI Corp Bhd is looking to turn in anotherrecord performance for its current financial year ending June 30, 2005,spurred by a projected 15% increase in crude palm oil (CPO) production byits plantation division.
PPB in JV to develop oil palm plantation in Kalima
21/10/04 (The Edge Daily) - PPB Oil Palms Bhd’s subsidiary Kalimantan PalmIndustries Sdn Bhd (KPI) has entered into a joint venture (JV) with PTRimba Harapan Sakti and PT Salawati Makmur to develop about 32,200ha inCentral Kalimantan, Indonesia.
Sudan recalls continue in UK
21/10/2004 - A popular food oil used extensively in food formulations isthe latest product-type to be pulled from the UK supermarket shelves asthe country’s food watchdog identifies the illegal carcinogen Sudan IV ina batch of palm oil brands.
WWF slams Australia over environment
Friday October 22, 05:24 AM - Humanity's reliance on fossil fuels, thespread of cities, the destruction of natural habitats for farmland and theexploitation of the oceans are outstripping the planet's capacity to cope,the conservation group WWF said.
Malaysian, French ports sign agreement to make Mar
19/10/04 BUSINESS TIMES (MALAYSIA) - PORT Klang Authority (PKA) said itssister port relationships with several ports around the world have workedto increase trade and promote shipping and logistic services betweenMalaysia and the countries concerned.
New facility offers first nationwide access to bio
10/21/2004 ALAMOSA, Colo. USA -- Blue Sun Biodiesel(R) announces thenation's first high-volume commercial biodiesel blending terminal andintegrated biodiesel processing plant. High-performance biodiesel blendswill be available from the terminal beginning this November.
China Agreed to Lower Some Palm Oil Tariff
16/10/04- China and Indonesia have reached an agreement to lower some palmoil tariff. The 24 degree Malaysian palm oil FOB quotes for Novembershipment are at $415-418 per ton this week, so the duty-paid cost will be4,630-4,670 Yuan per ton, greatly lower than that in September.
Imported Palm Oil and Crude Soyoil Price Down
16/10/04 CHINA - The 24 degree palm oil quotes have been at 5,500-5,550Yuan per ton in Tianjin early this week, with port stocks owned by severallarge refineries and crushers, and the sale has been slow due to the dropof temperature, and dropped to 5,350 Yuan per ton late this week. Theimported crude soyoil prices have been at 5,750-5,780 Yuan per ton inTianjin and 5,800-5,850 Yuan per ton in Jiangsu and Shandong.
India upbeat on oilseed crop after late rains
Oct. 21, 2004 INDIA - Late rains in key oilseed-growing regions haveimproved the prospects of India's winter crop and the resultant soilmoisture would boost the size of the summer crop, traders said onWednesday. The winter crop is sown in July and harvested by late November,while the summer crop is ready for harvest in April. Groundnut and soybeanare the main winter crops, while rapeseed forms bulk of the summer crop. "We are in for a bumper summer crop," said Sandeep Bajoria, president ofthe Central Organisation for Oil Industry and Trade. "We might surpasslast year's summer oilseed crop size of 10 million tonnes." India, theworld's top edible oil buyer, imports 40 percent of its annual needs of 11million tonnes. It buys palm oils from Malaysia and Indonesia and softoils from Argentina and Brazil. The oilseed sector in India, the world'sfourth-largest vegetable oil producer, has a turnover of about $15 billiona year. The country has 1,500 oil mills, 600 solvent extraction units and500 refining units. Traders said winter oilseed output was expected to beat least a million tonnes lower than last year's 13.9 million tonnes dueto erratic rains in the middle of the June-September monsoon season.Sowing in oilseed-growing states including Gujarat, Madhya Pradesh andMaharashtra was delayed and staggered, and those states got almost no rainat all during the sowing month of July. But late rains in September andearly October have made up for that shortfall to some extent and the soilmoisture would help the next summer crop, traders said. The farm ministrysaid crop scientists have advised farmers to make the best use of themoisture, recommending early sowing of mustard and rapeseed in thenorthern plains. Bajoria said late rains have helped sowing of summercrops, mainly rapeseed in the largest-growing state of Rajasthan.
