Berita Arkib

CPO may be in for downward correctionMonday, July 16, 2001(The Star)- CRUDE PALM OIL (CPO) futures prices onthe Malaysia Derivatives Exchange (MDEX) skyrocketed last week as tradersscrambled in panic buying and forced prices briefly to the RM1,200 pertonne level the highest seen since April 25 last year.China's decision on palm oil import quota for the rest of this year at700,000 tonnes and sharply higher soyoil prices sparked the bullish rallyand caused many local refiners and speculative shorts to square-offearlier positions.The market has anticipated and reacted to the positive news from China,and the big question confronting traders this week is, would the bullishrally continue or would the market decide to sell-on-facts now that theChina factor has been discounted?

Foreign labour in oil palm estates a necessity: MPOASaturday, July 14, 2001(The Star)- THE use of foreign labour in oil palmestates is no more one of choice but one of necessity, according to theMalaysian Palm Oil Association (MPOA).Thus, the association wants the Budget 2002 to address the real costs ofusing foreign labour.MPOA said this in its memorandum for the Budget 2002 dialogue.The MPOA proposals also covered three other areas--the palm oil industryspecifically, the plantation industry in general and taxation.MPOA said that although the matters it submitted for consideration werelargely a restatement and reiteration of its stand in the previous year,the overall picture had now come into more clear focus."There is now more light than heat on the various issues affecting theindustry. It would be useful to relook at some of the pertinent issuesagain in the clear light of the latest developments," the associationsaid."Malaysia's economy used to be largely agrarian. In recent yearsagriculture has taken a back seat with the nation successfully pursuing anindustrialisation policy," it said. "The plantation sector however remainsa major contributor to the gross domestic product, but its share isdwindling vis-a-vis manufacturing."

Palm oil prices reach highest levels in almost a year

CHINA ISSUES 700,000 T PALM OIL IMPORT QUOTAS

Danaharta Appoints Special Administrators Of Soctek And SEOKUALA LUMPUR, July 10 (Bernama) -- Pengurusan Danaharta Nasional Bhdappointed Yeo Eng Seng, Adam Primus Varghese Abdullah and Wong Lai Wah ofErnst & Young as special administrators of Soctek Sdn Bhd and itswholly-owned subsidiary, Soctek Edible Oils Sdn Bhd (SEO) effective today.

Drop In May 2001 IPI

INDONESIA SAYS WON'T RAISE PALM OIL TAXES

MALAYSIAN PALM OIL JUMPS ON CHICAGO, FOCUS ON MPOB

MALAYSIAN PALMOIL ENDS LIMIT UP AT 13-MONTH HIGH

BRAZIL SOYBEAN EXPORT REGS 12.56 MLN T BY JUNE 30

CHINA TO ISSUE 700,000 T PALM OIL IMPORT QUOTAS

MALAYSIAN JUNE PALM OIL OUTPUT 937,000 - FORECASTER IVAN WONG