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Palm oil to hold above RM4,400 on supply risks, biodiesel demand — MPOC
Sarawak palm oil producers report lower output
India Races Ahead While Malaysia’s Biodiesel Ambitions Plateau
Zafrul: 1,711 Malaysian export products to US to enjoy zero tariff
BRAZIL 04/05 SOYBEAN EXPORT FORECAST CUT - ABIOVE
RIO DE JANEIRO, Brazil, July 29 (Reuters) - Brazilian 2004/05(Feb/Jan) soybean exports were revised down to 19.8 million tonnes, from20.2 million tonnes seen July 1, Brazil's Vegetable Oils IndustryAssociation (Abiove) said on Thursday.Soymeal exports were also put lower at 15.2 million tonnes in 2004/05,against 15.5 million previously, but soyoil exports were left at 2.7million tonnes.In a monthly report, Abiove said that soy product export receipts wouldfall slightly to $9.70 billion, from $9.87 billion seen previously. Butthey will be well above last year's $8.1 billion.The reduction reflects lower prices in recent months and tradingproblems with China, Brazil's main market.Soybean imports 2004/05 are now put at 400,000 tonnes, down from500,000 tonnes previously.Soybean and soymeal stocks at the end of 2004/05 were revised up to800,000 tonnes and 762,000 tonnes respectively, from 500,000 and 462,000tonnes seen in the previous report.Other soy data were unchanged, including 2004/05 soybeans productionand crushing which are still seen at 50.6 million tonnes and 29.8 milliontonnes respectively.Abiove's estimates are based on data from 88 to 90 percent of the soysector.
CPO seen at RM1,400-RM1,600
Tuesday July 27, 2004 - CRUDE palm oil (CPO) prices, which have been underpressure, are expected to hover between RM1,400 and RM1,600 per tonne,according to IOI Corp Bhd group executive director Datuk Lee Yeow Chor.
Felda's Land Development Success To Be Discussed A
LANGKAWI, July 28 (Bernama) -- Malaysia's success in managing oil palmplantations can be passed on to African nations as a significant lesson ineconomic and land development.
Felda signs R&D accord
Wednesday July 28, 2004 - FEDERAL Land Development Authority (Felda) isinvesting RM3mil over three years on joint research and development aimedat maximising the commercial potential of oil palm waste and palm oileffluent (POME).
Institute to produce skilled plantation workers pl
Tuesday July 27, 2004 - KUCHING: The Plantation Industries and CommoditiesMinistry is exploring the possibility of setting up a training instituteto produce a pool of skilled young Malaysians to work in the plantations.
Oilpalmworld To Diversify To Other Commodities - I
LANGKAWI, July 29 (Bernama) -- Oilpalmworld Sdn Bhd, a company involved inglobal palm oil trading, intends to diversify its services into othercommodities, should there be enough interest from traders.
Some palm oil in Britain found to contain carcinog
7/29/2004(EVENING MAIL - Birmingham Post and Mail Ltd.) - SHOPPERS arebeing warned over the dangers of buying a cooking oil which may becontaminated with an illegal dye that could cause cancer. Walsallenvironmental health officers fear some bottles of Golden Sun palm oil,which were found to contain the dye Sudan IV, have made their way intoshops in the borough.
Analysis of the Increases in China Domestic Oils P
24/07/04 ( China) - The domestic edible oil prices have risen rapidlysince the beginning of this week mainly due to the increases in prices ofpalm oil and refined soyoil. The grade 2 soyoil and rapeseed oil priceshave also risen, followed by the increases in demand. The internationalsoyoil prices have risen sharply recently while the edible oil importshave signaled to decline since July, followed by the reduction of stocks,and the demand has showed seasonal increases, and these are the mainseasons for the price increases. According to CNGOIC, the domestic palmoil and refined oil prices will continue to rise and the demand will speedup, further pushing up the prices.
CBOT SOY ENDS MOSTLY LOWER AFTER VOLATILE SESSION
CHICAGO, July 27 (Reuters) - Chicago Board of Trade soybean futuresseesawed throughout Tuesday's session before ending mostly lower asdiffering views about weather outlooks and a volatile cash basis kepttraders on edge, floor brokers said.CBOT soy futures closed 3-1/2 cents per bushel lower to 1/2 centhigher. Old-crop August ended 3-1/2 lower at $6.65-1/2 -- after seeing a26-cent price swing and climbing 17 cents shortly after the open. Earlystrength came from renewed concerns about a 27-year low in U.S. soy stocksand a step-up in Midwest processor bids. The market was also technicallyoversold and due for correction.But it didn't take long for August to lose steam once new-crop soybeansturned lower. New-crop contracts were higher early on 11- to 15-dayoutlooks for hotter, drier weather moving into the Midwest as soybeansbegin setting pods."Even though the longer-range maps had much above normal temperaturescoming into the Corn Belt there's certainly a lot of skepticism that theheat will actually be a factor. That brought a lot of choppy trade," saidDan Cekander, an analyst with Fimat Futures.New-crop November ended unchanged at $5.97 but was also volatile,rallying 10 cents then falling 11 cents. Expectations of a record-largeU.S. soy crop, with some talking about a 3.0 billion bushels crop remainsbearish. Crop conditions continue to improve. USDA late Monday rated 69percent of the U.S. soy crop as good to excellent, up from 68 percent lastweek.The roller coaster ride continued about midday when August recoveredamid strong commercial bull spreading. ADM Investor Services spreadroughly 800 Aug/Nov and 300 Aug/Sept. CIF offers for July at the U.S. Gulfalso spiked higher, up 40 cents by midday. The jump in CIF values sparkedtalk of Chinese interest in U.S. soybeans, but there was no confirmationof a sale.The cash basis was volatile as well. There were reports that the cashbasis appreciated at some Midwest locations, while others remained steadyto softer, floor traders said.Soymeal futures ended 90 cents per ton higher to $1.50 lower, with thefront months up on a technical recovery. August closed 90 cents higher at$212.70. The market was due for a bounce as the nine-day RSI for Augustdipped to 9 as of Monday's close. Funds bought about 1,100 meal futures.The soymeal market has followed the recent weakness in soybeans andremains under pressure from a soft U.S. cash meal market, traders said.CBOT soyoil futures ended 0.01 to 0.25 cent per lb lower, with August
