|
CPO Futures End Higher On Firmer Oil Prices, Rival Vegetable Oil Futures
SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Palm oil prices could reach US$1,500/tonne as B50 and El Niño tighten supply
Malaysia: Palm oil prices rise ahead of key May production report
Base import price of edible oils cut
9/16/04 INDIA (Oilmandi )- The government tonight announced anacross-the-board cut of about 10 per cent in the tariff value of edibleoil imports in an attempt to keep prices under check. The governmentexpects to lose revenue of Rs 600-700 crore due to the cut.
In West Malaysia palm oil output decline seasonall
16/09/04 Malaysia (OILWORLD) : In West Malaysia palm oil output alreadypeaked in July and started to decline seasonally in August. The slightincrease seen in total Malaysian production in August and probably also inSept will be only linked to the still expanding production in Sabah andSarawak, which, however, is likely to peak this month.
India cuts edible oil base import prices
9/16/04 INDIA (Oilmandi) - India, the world's largest edible oil importer,on Wednesday announced sharp cuts in the base import price of palm oilsand crude soyoil to check rising inflation.
Malaysian palm oil rises on India move, soyaoil
KUALA LUMPUR (September 16 2004): Malaysian crude palm oil futures rose onThursday, spurred by top buyer India's move to sharply reduce the baseimport price of edible oils to check rising inflation.
PAKISTAN: Vegetable oil import requirements have b
16/09/04 PAKISTAN (OILWORLD) - In 2003/04 vegetable oil importrequirements have been curbed by sharply higher domestic production,primarily of rape oil and sun oil. Imports of oils & fats are likely toreach 1.15 Mn T in Oct/Sept 2003/04, down 4% on the year. Owing to higherprice premiums of soya oil versus palm oil, the reduction has come mainlyin soybean oil imports, which will accumulate to only around 50 Thd T thisseason, less than half a year ago. Palm oil imports will remain aboutunchanged at 1.4 Mn T. Imports of rapeseed and sunseed have been on asteep upward trend in 2003/04 and, together with a higher domestic sunseedcrop, lifted seed oil production to new record levels. We estimatecombined production of oils & fats in Pakistan at 1.52 Mn T this season,about 110 Thd T more than the year before. In July/Sept 2004 combinedimports of oils & fats are expected to decline by around 100 Thd T on theyear to an estimated 430-440 Thd T. In 2004/05 the expansion of domesticproduction of vegetable oils will probably slow down. In order to coverthe domestic consumption growth imports of vegetable oils will thereforehave to be stepped up. Crushers are likely to further raise imports andprocessing of rapeseed, which, however, will partly be offset by aprospective reduction in sunseed crushings. The annual growth of domesticdisappearance of oils & fats in Pakistan is expected in the vicinity of90-100 Thd T in 2004/05, similar to what was registered in recent years.As a result, we estimate imports of oils & fats at approximately 1.67 MnT, an increase of 0.1 Mn T on the year.
Trade wants palm oil import norms revised
9/16/04 INDIA (Oilmandi) - The vegetable oil industry has urged thegovernment to reconsider the stipulated minimum carotenoid content forimported palm oil as it was impossible to meet the present standard.
Ukraine sunoil output falls
KIEV (September 16 2004): Ukraine cut sunflower oil output to 59,200tonnes in August from 108,000 in July, the State Statistics Committee saidon Thursday.
10% cut in tariff values of edible oils likely
9/15/04 INDIA (Oilmandi) - A CUT in the tariff value or base price onwhich import duty is levied on edible oils is now almost certain.
Edible oil base price to be cut as govt gears up t
9/15/04 INDIA (Oilmandi) - Consumers will pay less for edible oils afterWednesday. The government has decided to lower the tariff value or thebase price on which duty is imposed on edible oils to stem inflationarypressures. The new rates will be announced on Wednesday.
