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Palm oil dips as India import tax concerns counter weak supply outlook
Palm oil production to exceed 19mil mt next year, says analyst
India's palm oil imports plunge as buyers shift to soyoil
Palm oil falls as August inventories rise more than expected
June Palm Oil Stocks And Output Up, Exports Lower
KUALA LUMPUR, July 12 (Bernama) -- Malaysian palm oil stocks rose 15.85percent to 1.210 million tonnes in June as against 1.045 million tonnes inthe preceding month, says the Malaysian Palm Oil Board (MPOB).
M'sia Hopes India's Tariff Move On Palm Oil Is Tem
KUALA LUMPUR, July 14 (Bernama) -- Malaysia hopes that India's move toraise import tariff by five percent on refined palm oil will be atemporary measure, says Minister of Plantation Enterprises and CommoditiesDatuk Peter Chin Fah Kui.
Cargill helping McDonald's make rapid progress in
Chicago Tribune - Jul. 10--A little more than a year after McDonald'sCorp. extended its timetable to develop a healthier cooking oil, the fastfood giant is tinkering with a new formula in a handful of restaurantsacross the country.
China imports 9.1m tons of soybeans in first half
7/8/2004 BUSINESS DAILY UPDATE - China imported about 2 million tons ofsoybeans in June and 9.1 million tons in the first half. First-halfsoybean imports were 1.15 million tons less than the figure from a yearearlier. Statistics from the country's General Administration of Customsshowed last month that China's soybean imports fell 2.4 percentyear-on-year to 7.48 million tons in the first five months. Brazil is oneof China's major import destinations of soybeans, and the Chinesegovernment has lifted the suspension it had imposed on soybean importsfrom the South American country. China had rejected eight shiploadstotaling 359,000 tons of soybean and suspended imports from 23 Braziliancompanies in May and June, alleging the presence of fungicides in theshipments.
Loders Croklaan to expand US palm oil supply
7/12/2004 Food Ingredient News - Loders Croklaan (24708 W. Durkee Rd.,Channahon, IL 60410-5249; Tel: 800/621-4710 or 815/730-5200, Fax:815/730-5202) will expand its U.S. palm oil supply, by increasing thecapacity of its palm oil processing plant in Illinois to 250,000 tonsannually, along with its major storage capability in New Orleans.
Malaysia to export more palm oil to Russia, Poland
7/12/2004 Agra Europe - Malaysia hopes to sell up to 600 000 tonnes ofcrude palm oil (CPO) to emerging markets in Russia and Poland in the nextfew years, the Malaysian Palm Oil Association (MPOA) chairman Sabri Ahmadsaid after a recent visits to the two countries.
Ukrainian food maker to expand sunflower oil produ
7/12/2004 INTERFAX - The board of directors of the European Bank forReconstruction and Development decided on Tuesday to provide Ukraine's ZAOChumak, a large producer of ketchup, mayonnaise, sunflower oil and cannedgoods, with a credit of $10 million and to open a revolving credit linefor $5 million, a source in the bank's Kyiv office said.
Agroconsult Pegs Brazil 04-05 Soy Prod +33% At 65.
9/7/2004 SAO PAULO (Dow Jones)--Brazilian soybean output will reach65.7 million metric tons in the 2004-05 season (October-September), some33% higher than the 49.3 million tons produced in the weather- anddisease-affected last crop, local analytical firm Agroconsult said Friday."The estimate is based on the expectation that losses due to dryweather and Asian rust will not be repeated," said Guilherme Bastos, anAgroconsult analyst.This is the first estimate for the next crop released by a localconsultancy.The expansion will be fueled by a 7.5% increase in soybean plantedarea to 22.8 million hectares from 21.3 million this year, and a return tonormal yield levels, pegged 24% higher than the year before at 2,874 kgper hectares.