PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  17-09-2004

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.

MARKET DEVELOPMENT  
  16-09-2004

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.

MARKET DEVELOPMENT  
  16-09-2004

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.

MARKET DEVELOPMENT  
  16-09-2004

Edible oil tariff value to be cut

15/09/04 INDIA (Oilmandi) - The government has decided to reduce thetariff value for edible oil and the duty entitlement passbook schemebenefits for steel exporters while maintaining the present level ofbenefit for the textile sector.

MARKET DEVELOPMENT  
  16-09-2004

India Aug Edible Oil Imports 599,738 MT Vs 384,444

15/09/04 NEW DELHI (Dow Jones)--India's monthly edible oil imports inAugust were the highest so far in the current oil marketing year endingOct. 31, the Solvent Extractors' Association of India, or SEA, saidWednesday.Edible oil imports in August totaled 599,738 metric tons compared with384,444 tons in August 2003.The rise in edible oil imports in August was led by a sharp rise incrude soyoil imports, which touched 203,143 tons compared with 80,800 tonsa year earlier.Imports of refined palm olein also increased sharply, to 79,030 tonscompared with 43,676 tons in August 2003.Crude palm olein imports in August were also the highest so far thismarketing year, touching 58,541 tons compared with 21,222 tons a yearearlier.India's crude palm oil imports in August totaled 232,604 tons, comparedwith 217,941 tons in August 2003.Sunflower oil, which is sparingly imported by India, touched 20,580tons in August compared with 10,008 tons in August 2003.While SEA didn't comment on the reasons for the increase in edible oilimports in August, traders said imports traditionally rise from August toOctober, as there is very little domestic supply of edible oil left inthese months.These months also see a lot of demand because of a series on Hindufestivals, all of which are accompanied by family and community feasts.Total edible oil imports from November 2003-August 2004 were at 3.3million tons, almost a million tons lower than the 4.2 million tonsimported November 2002-August 2003.Industry observers said total edible oil imports this marketing yearare likely to be around 4.2 million tons compared with 5.1 million tonslast marketing year.

MARKET DEVELOPMENT  
  16-09-2004

India Govt Cuts Vegoil Tariff Values By Around $50

15/09/04 NEW DELHI (Dow Jones)--The Indian government Wednesday cut tariffvalues on imports of edible oils by around $50 a metric ton as part of itscontinuing efforts to curb inflation rate.

MARKET DEVELOPMENT  
  16-09-2004

Indonesia '05 CPO Output Seen Above 12 Mln MT - Ag

15/09/04 JAKARTA (Dow Jones)--Indonesia is expected to produce more than12 million metric tons of crude palm oil in 2005, Agriculture MinisterBungaran Saragih told reporters Wednesday.Bungaran said that by next year, Indonesia will be able to match themight of Malaysia, the number one producer of palm oil in the world now."The area under (oil palm) cultivation has gone up to 4.6 millionhectares from around 2.3 million hectares in 1999," he said, addinginvestor interest in oil palm has been high because of lucrative prices ofthe commodity. In comparison, Malaysia had around 3.8 million hectares ofoil palm at the end of last year."The farmers and investors responded well by using their own money toinvest in plantations" without the government providing any incentives forinvestment, Bungaran said.He said the country is on track to produce an estimated 11 milliontons of crude palm oil this year. According to estimates from theIndonesian Palm Oil Producers Association, or Gapki, Indonesia produced9.9 million tons of palm oil in 2003."In 2005 we can match Malaysia. Production could be more than 12million tons," Bungaran said.Private forecasts have pegged Indonesian palm oil exports around 6.5million tons this year.He said there are now six companies supplying high quality oilpalmseeds to farmers as against just three companies earlier.