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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
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.
Plan to deploy market intelligence officers worldw
June 14 2004 - MALAYSIA’S palm oil industry plans to deploy marketintelligence officers at all of the country’s embassies worldwide togather information on world edible oils and fats that can be used to trackkey market developments and plan future strategies.
SEPA Calls On Palm Oil Industry To Be More Environ
KOTA KINABALU, June 5 (Bernama) -- The Sabah Environmental ProtectionAssociation (Sepa) has called on the palm oil industry in Sabah to adhereto proper maintenance of palm oil effluents to prevent environmentalpollution.
ASA calls for national strategy to control and mit
6/7/2004 - Saint Louis, Missouri... The American Soybean Association (ASA)is urging the U.S. Department of Agriculture (USDA) to more rapidlyundertake development of a national strategy for controlling andmitigating the potential for an Asian soybean rust infestation in thecontinental United States. Rust is a devastating disease with thepotential to cause enormous losses in annual U.S. soybean production,resulting in serious consequences for domestic industry, including thelivestock sector.
Brazilian soy exports will be down US$1 billion, f
Brazil, Jun 8, 2004 (Gazeta Mercantil/SABI via COMTEX) --The BrazilianMinister of Agriculture, Roberto Rodrigues, estimates a fall of US$1bil inthe exports income of the soybean complex principally due to the downsizein the international prices of the product and possible renegotiations ofcontracts with China. The exports of soybean and derivatives, originallyestimated at US$10.5bil should be narrowed to US$9.5bil - up the US$8.1bilexported in 2003. Rodrigues also reviewed down the estimates for theagribusiness GDP, from 6% to 3% due to the expected crash in the Braziliangrains crop, from 130mil m tons to 120mil m tons.
Indian oilseeds output to increase 67%
Date Posted - INDIA BUSINESS INSIGHT- Oilseeds output in India isestimated to have exceeded 250 lakh tonnes in 2003-2004, due to bountifulrains in the last monsoon season. There has been a bumper soyabean andgroundnut crop, which has prompted the Government of India (GOI) to reviseupwards oilseeds output estimates for 2003-2004 from 249.75 lakh tonnes to250.08 lakh tonnes, which is a 67 percent increase over the 150.58 milliontonnes in 2002-2003. Rabi oilseeds production estimate has increased from82.86 lakh tonnes to 84.29 lakh tonnes.
Soya oil drives Indian growth in refined oils
6/11/2004 FINANCIAL EXPRESS - Refined oil consumer packs have clocked thehighest growth over the past five years according to a retail audit by ACNielsen. The category has posted a compounded annualised growth rate(CAGR) of 27 per cent since March 1999 and a similar growth over one yearperiod. Godrej Industries executive director and president MP Pusalkarsaid, "Growth in sales volumes of soya oil has resulted in this uptrend."
