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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Strong El Niño forecast signals fresh upside for palm oil prices
CPO futures end mostly higher on soybean oil gains
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Oil World sees rising soyaoil output
HAMBURG (May 25 2005): Global 2004/05 soyaoil output will rise to 32.57million tonnes against 30.86 million tonnes in 2003/04, Hamburg-basednewsletter Oil World forecasts. This would raise season ending stocks onOctober 1, 2005, to 3.02 million tonnes from 2.73 million tonnes onOctober 1, 2004, it estimated. "Soybean oil production is back on a steepgrowth path, following a setback by 200,000 tonnes in 2003/04 which wasdue to unusually low soyabean crops," it said. Soyoil stocks were alsorising but were still down on the year, it said. Global stocks on April 1were estimated at 2.67 million tonnes from 3.14 million tonnes the sametime in 2004. It estimates world July 1 stocks will rise to 2.96 milliontonnes from 3.05 million tonnes on July 1, 2004.
World palm oil production is forecast to rise
Oilworld - World palm oil production is forecast to rise steeply by2.8-2.9 Mn T in Oct/Sept 2004/05, significantly abovethe average annual growth of 1.6 Mn T in the latest 10 seasons. The largeincrease this season follows a rise by 2.0 Mn T in 2003/04. Both were dueto a slight acceleration in the growth of the mature area in key countriesbut primarily to above-average yields.
Sasol and Wilmar Holdings to Build Fatty Alcohols
5/24/2005 BAD HOMBURG, Germany, May 24 -- Sasol and Wilmar Holdings PteLimited announced today the execution of a Memorandum of Understanding(MOU) to form a Joint Venture with the intention to construct a fattyalcohols plant in China. The partners are planning to locate a 60,000metric ton per year plant in the industrial port city of Lianyungang andstart up is expected in mid 2007. Sasol is the largest global producer andmarketer of C6+ alcohols while Wilmar is a leading processor anddistributor of lauric oils with substantial interests in palm oilplantations.
CIIF to go into palm olein marketing
May 22 10:04 AM - Philippines, The Coconut Industry Investment Fund OilMills Group (CIIF-OMG), the country’s largest coconut oil producer takingup about 50 percent share of the export market, may embark in the tradingof palm olein in order to boost its coconut oil export.
Demand for edible oils rises in India
5/23/2005 - Indian food industry continues to show a strong commitment tooil imports following drop in domestic demand, says industry body.
Indonesia Fatty Acids Sales To China Seen +50%
Friday May 20, 2005, 3:43 pm JAKARTA (Dow Jones)--Indonesian palm fattyacid exports to China will likely rise 50% on year to 360,000 metric tonsin 2005.
IOI to expand sales to Europe
Tuesday May 24, 2005 MAASVLAKTE (Netherlands): Leading palm oil producerIOI Group Bhd expects growth potential for its exports to Europe, Chinaand the United States in the coming years.
Paper made from oil palm waste
May 22 6:41 PM KOTA KINABALU, SABAH, Universiti Malaysia Sabah researchershave come up with an innovation that would not only benefit oil palmplantations, but also the people, with an alternative source of income.Using oil palm empty fruit bunches (EFB), a team from the InternationalTropical Forestry School has produced high-strength layered paper whichcan be used to make heavy-duty bags and envelopes.
Report: Police in Hong Kong, mainland China bust p
Saturday May 21, 12:17 PM - Police in Hong Kong and mainland China havesmashed a syndicate that smuggled thousands of liters of palm oil throughan underground pipeline, a newspaper reported Saturday.
