|
Strong buying sentiment drives CPO uptrend at RM4,200
Soybean oil consumption falls as consumers switch to mustard, palm oils
CPO prices forecast to dip amidst surplus soybean supply
Bullish outlook seen for Malaysian crude palm oil futures
Malaysian palm oil at 14-month low
KUALA LUMPUR (July 24 2003) : Malaysian palm oil futures sustained a bigsell-off on Wednesday, falling to their lowest level in 14 months on longliquidation, fears of rising output and a weakening soyaoil market,traders said.
Oil World forecasts larger global oilseed crop
HAMBURG (July 23 2003) : Global 2003/04 production of the seven mainoilseeds is likely to rise to 340.4 million tonnes from 319.2 milliontonnes in the previous season, Hamburg-based newsletter Oil World said.
Pakistan's palm oil traders hold orders
KARACHI (July 23 2003) : Pakistan's palm oil market was sluggish in thepast week as importers said their positions for the month were alreadycovered and they wanted world prices to settle down before placing neworders.
Analysts see lower, weather-hit EU oilseeds crop
PARIS (July 12 2003) : Extreme weather conditions - humidity in theautumn, frost and then dry weather in the spring - are likely to lead to aslump in oilseed yields this year which could cancel out a rise in area,analysts said on Friday.
Asian oils: palm oil choppy, refiners seen holding
KUALA LUMPUR (July 15 2003) : The Malaysian Palm Oil Board (MPOB) said onSaturday the country's crude palm oil output rose 3.8 percent to 1.22million tonnes in June from a month.
China to sell soyabean reserves
BEIJING (July 15 2003) : China's powerful National Development and ReformCommission said on Monday it would sell 800,000 tonnes of soyabeans fromstate reserves to meet huge demand in the domestic crushing industry.
DR M: M'sia Hopes Ukraine Provides Distribution Ce
KIEV (Ukraine), July 15 (Bernama) -- Prime Minister Datuk Seri Dr MahathirMohamad has expressed Malaysia's hope that Ukraine could provide adistribution centre for Malaysian palm oil and other products for the EastEuropean market.
Indian vegoil imports to rise
BOMBAY (July 16 2003) : Edible oil imports by India, the world's largestbuyer, are expected to rise 15 percent in the quarter ending Septemberfrom a year because domestic supplies have fallen, traders said onTuesday.
SKB gets offer to set up oil palm refinery in Chin
July 15 2003 - SAWIT Kinabalu Bhd (SKB) has received an offer to set up anoil palm refinery and bulking installation plant in China.