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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
Ecofuture targets fibrous mat at Mid-East market
Wednesday November 24, 2004 - FRESH from making inroads into China,Ecofuture Bhd is eyeing the Middle East as the next major market for itsEcomat, a fibrous mat made from oil palm residue for use in soil erosionprevention and in combating desert and sand storms.
Malaysia's Glenealy Books Higher Q1 Group Pre-Tax
KUALA LUMPUR, Nov 17 Asia Pulse - Glenealy Plantations (Malaya) Berhadhas booked group pre-tax profit of RM10.848 million (US$2.9 million) forits first quarter ended 30 September 2004, up 18 per cent year-on-yearthanks to to higher fresh fruit bunch yields.
Silent killer lurks in undiagnosed soil disease
KUALA LUMPUR, Nov 21 -Many Malaysians may be dying every year ofmelioidosis, a soil disease caused by bacteria that killed 24 people inSingapore this year.But it remains a guess how many people succumb to the disease. The reason:Melioidosis is not a notifiable disease here. Therefore, medical officersand doctors do not have to inform the Health Ministry when their patientsdie of the disease.
Soya oil prices are likely to appreciate in Jan/Ma
24/11/04 - Soya oil prices are likely to appreciate in Jan/March 2005, dueto seasonally low production and a decline in world stocks. An importantprice-determining factor will be the development of Chinese soya oilpurchases. Reduced Chinese purchases in recent months and the sharpdecline in Argentine and Brazilian soya oil exports to China in Sept/Nov2004 were major bearish factors for soybean oil. As we point out below,the decline in Chinese soya oil imports during Oct/Dec 2004 will lead to apronounced reduction of Chinese stocks, resulting in higher domesticprices as well as pent-up demand and higher soya oil imports in Jan/March2005 and subsequent months. (For more details see below.) The US dollarweakened further yesterday and fell to a new 9-year low against majorcurrencies. The Euro rallied to a record high of 1.3103 dollar in Germany.There is ongoing concern in the market about the huge deficits in both theUS trade balance as well as the US budget. World crushings of soybeans areincreasing seasonally. For Oct/Dec 2004 we expect a world crush of 45.9 MnT, up by 2.4% from a year earlier. This compares with year-on-yeardeclines of 6.0% in July/Sept and 1.7% in April/June 2004. US soybeancrushings reached a new record in October and are likely to establish arecord level in Oct/Dec 2004. But soybean crushings are still runningbehind the year-ago level in Europe, Japan and some other importingcountries. The weak world import demand for soybean meal kept Argentineand Brazilian soybean 2 0 0 4 crushings below the year-ago level inOctober and we expect the soybean crush in the two countries to be alsodown from last year in Oct/Dec 2004.
Soybean rust detected in Arkansas, largest soy-pro
11/24/2004 WEST MEMPHIS, Ark. - Soybean rust, a defoliating fungus thatprevents proper plant development and reduces crop yields, has migrated toArkansas.
A Spoonful of Raw Palm Oil a Day is a Health Boost
Tuesday, 23 November 2004 - UNADULTERATED PALM oil ("Ngo") is noted tocontain countless therapeutic benefits to the human immune system, whentaken every day.
Ahmad Husni Leads Trade Mission To Brazil, Peru
KUALA LUMPUR, Nov 23 (Bernama) -- Deputy Minister of International Tradeand Industry Datuk Ahmad Husni Mohamad Hanadzlah will be leading a tradeand investment promotion mission to Peru and Brazil starting thisWednesday, Nov 24 till Dec 4.
Crude Palm Oil To Drop To MYR1,300/MT In 2005
Tuesday November 23, 11:38 AM KUALA LUMPUR (Dow Jones)--Edible oil pricesare likely to fall in 2005, with Malaysian crude palm oil futures expectedto touch MYR1,300 a metric ton amid supply pressures from large globaloilseed crops, influential analyst Dorab E. Mistry said.
MPOB To Hold Biofuel Test-drive
KUALA LUMPUR, Nov 24 (Bernama) -- In a move to create public awareness onthe need to use environment-friendly energy sources, the Malaysian PalmOil Board (MPOB) will hold a test drive using biofuel on Dec 5.
