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CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm Oil Output Surge In Oct, CPO Price Could Hit RM4500 In Dec: MPOC
Palm oil consumption forecast to increase
Enviro Voraxial Technology Announces Shipment of V
FORT LAUDERDALE, Fla., Feb. 22 -- Enviro Voraxial(R) Technology, Inc.(OTC Bulletin Board: EVTN - News) announced today that it has delivered aVoraxial(R) 2000 Separator to a major producer of palm oil in Costa Rica.During 2004, EVTN conducted separation tests on crude palm oil samplesprovided by the customer. Effluent samples were collected and thenanalyzed by a certified laboratory, which showed good separation of palmoil. The client was very encouraged by the test results and requested aVoraxial(R) 2000 Separator for testing at one of their facilities in CostaRica. The testing at their facility will evaluate several potentialapplications, including:
MARKET TALK
Revision Of MYR Peg Negative For CPO Prices(Dow Jones)--Calls for review of ringgit exchange rate continue, withMalaysia's Institute for Economic Research reiterating government shouldremove peg as soon as possible; MIER says ringgit currently 10%-12%undervalued. Any revision to a stronger rate will have negative impact onCPO prices in Malaysia, palm oil traders say. Since palm oil products areexported in dollar terms, ringgit-denominated CPO prices will have to beadjusted downwards to maintain margins.
World Coconut Oil: Prices Up On Bullish Influence
24/02/05 MANILA (Dow Jones)--World coconut oil prices were higher thisweek, influenced by the strength of the trendsetting soy oil market,traders said.
Abdullah Reiterates Determination To Develop Agric
KUALA LUMPUR, Feb 22 (Bernama) -- The Prime Minister Tuesday nightreiterated his determination to see the Malaysian agriculture sectorgrowing by leaps and bounds, tapping into the advancement of technologyand harnessing the endless opportunities.
Discrepancy in Centre's revenues from edible oil
2/23/05 INDIA - THERE seems to be a serious discrepancy between the valueof edible oil imports into the country and the corresponding revenuesearned by the Centre on these.
Export Earnings Of Most Commodities Will Stay, Say
KUALA LUMPUR, Feb 23 (Bernama) -- Export earnings of most commodities andcommodities-based products with the exception of pepper and tobacco for2005 are expected to stay with the opening of newly planted areas in Sabahand Sarawak and increased downstream products, said a minister.
Higher import duties in India to hurt Indonesian C
2/23/2005 Asia Pulse JAKARTA - Indonesia's exports of crude palm oil(CPO) to India are expected to fall short of expectations after the latterraised import duties on the commodity to 80 per cent, up from 65 per centearlier.
USD Weakness Positive For Palm Oil Demand
2/23/05 Oilmandi - Renewed USD weakness another factor likely to supportpalm oil market in near term, traders say. EUR/USD now at 1.326, highestsince mid-January. Continued USD weakness makes dollar-denominatedcommodities like palm oil more attractive for consumers, likely to triggerfresh buying interest.
Higher Import Duties In India Set To Hurt Indonesi
JAKARTA, Feb 17 Asia Pulse - Indonesia's exports of crude palm oil (CPO)to India are expected to fall short of expectations after the latterraised import duties on the commodity to 80 per cent, up from 65 per centearlier.
