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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
Market Talk: MPOB Forecasts 2005 CPO Output 14.24M
17/1/05 (Dow Jones)--MPOB forecasts 2005 Malaysian CPO production at 14.24million tons, up 2% from 2004. Traders say figures within expectations asmost players expecting production growth to moderate this year due tocyclical reasons; add, however, that final 2005 figures probably higher asMPOB typically conservative in its projections.
MoE to promote biodiesel
Thailand Jan 16 - IN a bid to reduce the country’s reliance on oilimports, the Ministry of Energy is looking to encourage motorists toswitch to biodiesel in a plan which will be unveiled to the Cabinettomorrow.
Pakistan's edible oil imports slow, prices soft
KARACHI (January 13 2005): Pakistan's edible oil imports remained slowover the past week due to high domestic cottonseed availability, anddealers said on Wednesday they would remain low in the near term. "Theprices are going down due to the high domestic cottonseed supplies, whichare just going on and on," said Akber Puri, a dealer in the southern portcity of Karachi. "Local cottonseed is a much cheaper option as compared toimported oil, thus the imports are also slow," he said.
Soft prices to lift India's soy oil imports
Mumbai, January 17, 2005 - India's soy oil imports are set to grow sharplythis year due to lower global prices, but edible oil imports by theworld's largest buyer should be below earlier estimates due to a goodsummer oilseeds crop, a top trade official said on Monday.
Thailand launches project to increase palm tree pl
1/17/2005 - FNWEB.COM Bangkok - The Ministry of Agriculture andCooperatives has launched a project to increase palm tree plantations onunoccupied land in Thailands southern region. The purpose is to producemore alternative energy and to reduce the need to import oil.
Indon co-operation sought to stabilise CPO price
Wednesday January 12, 2005 - MALAYSIA is keen to seek Indonesia’sco-operation to stabilise the price of crude palm oil in the world marketby managing the supply of the commodity together since both countriesaccount for 85% of the world's production.
BMD Crude Palm Oil Futures Dip On High Stocks, Poo
10/1/05 KUALA LUMPUR (Dow Jones)--Crude palm oil futures on the BursaMalaysia Derivatives ended sharply lower Monday, following the release ofdata showing a rise in inventories at the end of 2004 and other figuressuggesting the potential for further increases in the coming weeks.
Edible oil refinery to be set up at Port Qasim
KARACHI (January 11 2005): An edible oil refinery with 300,000 tonnescapacity will be set up at Port Qasim under a joint venture betweenPakistan and Singapore, and the ground breaking of the project will beperformed shortly. A spokesman of the joint venture company, Waheed WilmarHoldings Private Limited told Business Recorder on Monday that the totalcost of the project was Rs 565.184 million, which would be shared 45percent by the Pakistani investor and 55 percent by the Singapore firmWilmar.
Indian oilseed crop to reach last summer's harvest
BOMBAY (January 11 2005): India's summer oilseeds crop is expected tobounce back and match a year earlier's output, after erratic rains causeda drop in the winter harvest, traders said on Monday. India, which imports40 percent of its annual needs of 11 million tonnes of edible oil, is theworld's fourth-largest vegetable oil producer with an annual turnover ofabout $15 billion.
