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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
Indonesian Producers To Reject Plan To Raise Expor
JAKARTA, Jan 27 Asia Pulse - Indonesian producers of crude palm oil (CPO)said they are set to reject plans by the government to raise the exporttax on that commodity from 3 per cent at present.
Many Companies Cannot Verify Whether Their Palm Oi
January 06, 2004 - An ISIS Asset Management report finds that fewcompanies can trace the source of their palm oil up their supply chain toconfirm whether or not it is produced sustainably.
Proposed Tax Hike May Affect Indonesian Palm Oil E
JAKARTA, Jan 21 - The government's plan to raise export tax this year oncrude palm oil (CPO) is feared to affect the performance of the country'spalm oil sector.
OIL WORLD SEES MALAYSIA'S PALM OIL EXPORTS RISING
HAMBURG, Jan 27 (Reuters) - Malaysian palm oil exports are likely to risein February and March because of its attractive price compared to othervegetable oils while output is set to fall, Hamburg-based newsletter OilWorld said."Early estimates indicate a steep decline in (Malaysian) crude palm oiloutput in January," the newsletter said. Palm oil had become veryattractive compared to soyoil, sunoil, rapeoil and lauric oils, it said."This is noticed by consumers worldwide and will stimulate palm oildemand in the near term," it said."It should result in rising Malaysian palm oil exports in February andMarch and a reduction of Malaysian stocks owing to the seasonally smallproduction."
Ukraine increased imports of palm oil
KIEV, Jan 21 (Reuters) - Ukraine increased imports of palm oil to 12,700tonnes in November 2003 from 9,800 tonnes inOctober and 7,900 tonnes in September, local analysts said on Wednesday.Analysts from ProAgro agricultural consulatancy said in a statementthe country had also increased imports of coconut oil to 1,300 tonnes inNovember from 1,100 tonnes in October."High local sunoil prices and an increase in local demand are the mainreasons for the rise in imports," analysts said.
Crude Palm Oil Exporters Slam Proposed Tax Hike
JAKARTA, Jan 21 Asia in Focus - Rosediana Suharto of the Indonesian PalmOil Commission, said a draft proposal has been submitted to the statesecretariat calling for an increase in the CPO export tax of up to 60 percent. Imposition of a high export tax will result in big losses inIndonesia's market foothold, Rosdiana said, quoting a study by the OilWorld that every increase of 1 percentage point in export tax will cause aloss of 0.8 per cent in market share.
Malaysia To Help Philippines Boost Palm Oil Indust
MANILA, Jan 22 Asia Pulse - The Philippine government is looking at apossible technical cooperation with Malaysia for the development of thecountry,s palm oil sector.
PM for farm export push
(Our Agriculture Editor) New Delhi, 21 January - Prime Minister AtalBihari Vajpayee called for greater encouragement to export-orientedsectors like floriculture. The output of oilseeds and pulses also neededto be stepped up to achieve self-sufficiency in these products, he said.
Russia To Import Indonesian Crude Palm Oil
MEDAN, Indonesia, Jan 21 Asia in Focus - Russia has asked for the supplyof around 250,000 tons of olein and crude palm oil (CPO) twice a year fromIndonesia, the palm oil association (Gapki) said. The association said anagreement is expected to be signed soon.
