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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
China, India Reduce Imports Of Indonesian CPO
JAKARTA, July 21 Asia Pulse - The world's largest consumers of crude palmoil (CPO), China and India, have since May reduced imports of thatcommodity from Indonesia.
Chinese firms plan to invest B32bn in Thai cooking
7/21/2004 BANGKOK POST - Three top Chinese companies plan to invest atleast 32 billion baht in the television manufacturing, cooking oil andenergy production sectors in Thailand, according to members of a Thaitrade mission that visited the country last week.
Lack Of Data Makes China's Grain Mkt Hard To Gauge
BEIJING (Dow Jones)--China is gaining increasing clout as a large buyer ofgrains and oilseeds in the international market, but the scarcity ofreliable statistics on its domestic market is making it difficult forgrowers, traders and consumers to make correct decisions on market trends.A recently concluded grains conference in Beijing was a case in point.Those participants who were lucky to glean any numbers were told thedata were "tentative", "discussional", or worse still, "not for publicdistribution.""From my perspective, it would seem more appropriate for the rest ofthe world to rely on China for information it can provide, than be subjectto market speculation and balance sheets prepared by foreign analysts,"said Gerald A. Bange, chairman of the World Agricultural Outlook Board atthe U.S. Department of Agriculture, who was in Beijing last weekend toattend the gathering.In 2003, China's State Grain Administration applied to the NationalDevelopment and Reform Commission for permission to regularly report onstockpiles.That approval is yet to be given, an official at the grain agency toldDow Jones Newswires.According to a researcher working for an investment company inShanghai, most analysts now take USDA estimates on China's production andstocks as benchmarks."It would be good if the (Chinese) government could report figures(such as) grain stocks regularly, (so) we can compare them with USDAestimates and our own research," the researcher told Dow Jones Newswires.When contacted, an official at the International CooperationDepartment at the Ministry of Agriculture said grain output estimates havebeen previously published.Relying on outside information to gauge China's domestic situation canalso prove tricky sometimes."In a way, volatile price movements in the past few months reflectedsome irrational judgments made due to insufficient information," said ananalyst with an agriculture consulting company in Beijing.
Unilever To Invest US$500 MLN In Indonesia Over Ne
MEDAN, N. Sumatra, July 21 Asia Pulse - PT Unilever Indonesia Tbk(JSX:UNVR) plans to expand its business and invest US$500 million indevelopment of its food, beverage and cosmetics industries in Indonesiaover the next 10 years, a spokesman said.
Philippine palm oil project moves forward despite
7/20/2004 (PHILIPPINE DAILY INQUIRER) PUERTO PRINCESA CITY - Despiteenvironmental concerns from non-government organizations, Palawan willpush through with its plan to make palm oil production a major industry inthe province.
High doses of vitamin E may antagonize effects of
7/20/2004 - Sarah Booth and colleagues from Tufts University, Boston, US,have discovered that high dose vitamin E supplements can antagonise theeffects of vitamin K, resulting in an anticoagulant effect typical of lowvitamin K status.
Indian government puts oilseeds shortfall at 11m t
NEW DELHI, July 19 Asia Pulse - Even with excellent monsoons and bumpercrops, there will be a 27 per cent shortfall in oilseed output against anestimated demand of 40.23 million tonnes by 2006-07, the government saidtoday.
Indonesian June Palm Oil Exports At 590,116 MT; Up
KUALA LUMPUR (Dow Jones)--Indonesia's palm oil exports in June totaled590,116 metric tons, down 10% from the 657,628 tons exported in May,traders said Tuesday, citing estimates from cargo surveyor PT Sucofindo.Traders familiar with Sucofindo figures said vegetable oil exports in Junetotaled 668,699 tons compared with 764,382 tons in May.
Lembaga Pemasaran Bersama Untuk Stabilkan Harga MS
KUALA LUMPUR, 20 Julai (Bernama) -- Agensi-agensi kerajaan dari Indonesiadan Malaysia, yang mengawal selia industri minyak sawit, sedang membuatpersiapan untuk menubuhkan lembaga pemasaran bersama yang boleh membantumenstabilkan harga minyak sawit.
