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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
Kumpulan Guthrie's Plantation Performance Depends
KUALA LUMPUR, June 17 (Bernama) -- Kumpulan Guthrie Bhd expects its crudepalm oil (CPO) production to increase this year but the financialperformance of its plantation sector will depend on prices of CPO.
Palm oil refiners expanding capacities
6/18/2004 CHEMICAL BUSINESS NEWSBASE - : Palm oil processors areincreasing capacity in Europe and the US as global demand for palm oilproducts increases. In the US, Loders Kroklaan (division of Malaysiancompany IOI Group) will increase processing capacity to 250,000 tonnes/yat Channahon, IL, and storage capacity in New Orleans, LA. In Brazil,Agropalma Group will invest R$1 M to increase palm oil processingcapacity, from 250 to 350 tonnes/day at Belem. The company plans toincrease exports to the US and Europe. In Rotterdam, the Netherlands,Loders Kroklaan has started construction of a 2500 to 3000 tonnes/day palmoil processing and fractionating unit. Also in Rotterdam, Malaysiancompany Kuok Oils and Grains (KOG) will invest EUR 25 M in a palm oilrefinery. In Zwijndrecht, the Netherlands, Unimills BV (subsidiary ofMalaysian company Golden Hope Plantations Bhd) is constructing a palm oilfractionation unit. Total palm oil refinery capacity, in the Rotterdamarea, is about 2 M tonnes/y.
Poram to hold 2-day course
June 21 2004 - THE Palm Oil Refiners Association of Malaysia will hold atwo-day course on refineries, crude palm oil purchasing, hedging,contractual and its operational aspects.
China not expected to reduce CPO imports from Indo
JAKARTA, June 14 Asia Pulse - The Indonesia Palm Oil Commission (KMSI)said China would not reduce imports of crude palm oil (CPO) andderivatives from Indonesia, despite plan by the Chinese government to slowdown economic growth.
Bumper EU rapeseed crop forecast
6/15/2004 (Agra Europe) - EU rapeseed prices are likely to come underpressure in the coming weeks as growers in the bloc's top producers lookforward to harvesting what could be a bumper 2004 crop, according toindustry experts.
Demands For Edible Oil Duty Hike In India
NEW DELHI, June 16 Asia Pulse - The government has been hit with demandsfor a hike in the import duty on refined palm oils so as to avoid a pricecrash.
Indian Farmers May Stop Growing Oilseeds If Prices
NEW DELHI, June 14 (Bernama) -- Indian farmers may not go in forlarge-scale sowing of groundnut or soyabean this year if prices of edibleoils continue to decline in the international market, according to areport in the financial daily, Hindu Business Line.
Malaysia's Palm Oil Industry Facing Stiff Competit
IPOH, June 14 (Bernama) -- Malaysia has positioned itself as the world'slargest producer and exporter of palm oil last year, with revenuesamounting to RM27.7 billion but it is facing stiff competition fromIndonesia.
Oil palm replanting paying off
June 15 2004 - MALAYSIA’S replanting scheme is paying off now that crudepalm oil (CPO) prices are trading at about RM1,500 a tonne, compared withRM700 a tonne when the scheme was created in 2001.