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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Forbes billionaire oils India plans
8/14/04 INDIA - Kuok Group of Singapore, owned by Forbes billionairetycoon Robert Kuok, is setting up two wholly owned subsidiaries formanufacturing, processing and trading edible oils in India.
Indian Edible oil : By sectoral policy
8/14/04 INDIA - There is good reason for the finance minister’s promisedmeasured response to inflation to weigh more in favour of fiscal andsectoral policy changes than of monetary tightening.
Sarawak CPO exports exceeded RM1bil last year
Monday August 16, 2004 - SARAWAK's crude palm oil (CPO) exports exceededthe RM1bil mark last year with production increasing by 20.1% to 886,474tonnes from 737,864 in the previous year, said Planning and ResourceManagement Minister Datuk Awang Tengah Ali.
‘Hold’ call on PPB Oil Palms remains
Friday August 13, 2004 - AMRESEARCH has maintained its earnings forecastand hold'' recommendation on PPB Oil Palms Bhd despite the tendency forthe company to be affected by the downtrend in crude palm oil (CPO) pricesdue to its pure plantation exposure.
Be Global Player, Felda Told
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El Nino boost to CPO prices
Thursday August 12, 2004 - Crude palm oil (CPO) prices, which haveaveraged between RM1,400 and RM1,600 per tonne this year, could receive a10% to 15% boost should the El Nino weather phenomenon return later thisyear.
Global biodiesel production expanding, says USDA
8/13/2004 - Global Refining & Fuels Report - World production of oilseedsand palm oil is increasing, partly due to increased biodiesel use,according to the U.S. Department of Agriculture (USDA).
Indian Edible Oil Prices Lower As Demand Remains L
NEW DELHI (Dow Jones)--India's edible oil prices were lower in theweek to Friday in light trading."The market is just fixated on rumors of reduction in tariff value forcrude and refined palm oil. Demand won't pick up unless governmentannounces a cut in tariff value," said a trader in Delhi.India's federal government sets benchmark dollar prices for allimported edible oils, on which it calculates customs duty.The price, called tariff value by traders, has not been changed forpalm oil for the last 10 months, even though international prices of palmoil are much below the benchmark price.This high benchmark price has made Indian palm oil prices moreexpensive than other countries in the world. Traders are expecting thegovernment to soon cut the benchmark price, as the country is grapplingwith high inflation and any cut in commodity prices will be welcomed bythe government.As a result of the persistent rumors on tariff value, traders arewithholding their purchase of edible oils, since if a tariff cut happens,they can buy palm oil cheaply.India imports five million tons edible oil annually to supplement fivemillion tons domestic production. Around 74% of India's edible oil importsare palm oils.Monsoon cocern, that were high in July, have now eased. Monsoon rains,which were scanty in July, have been ample over the past two weeks,leading to a revival in prospects of oilseeds such as groundnut andsoybean, which is being sown at present.India's summer-sown oilseeds is planted from June to August andharvested in September. India's June-September monsoon rains are the majorsource of water for the country's oilseeds crop.Friday, refined palm oil was at 41,500 rupees ($1=INR46.28) comparedwith INR42,000/ton last week. Crude soy oil was at INR42,000/ton comparedwith INR42,800/ton.
Indian Govt May Cut Base Price For Import Duty On
NEW DELHI, Aug 13 Asia Pulse - Government is considering a cut in theprices on which import duties are levied on vegetable oils as part of themeasures to check inflation.
