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Palm Oil Stakeholders Need To Navigate Market Dynamics To Ensure Continued Growth
CPO futures close lower amid concerns over B40 biodiesel implementation
CPO market to trade in yo-yo mode next week amid holiday, production concerns
MSPO 2.0: Experts see stronger global position for Malaysian palm oil
PALM OILWILL MAINTAIN EDGE OVER SOFT OIL IN ASIA
17/08/05 NEW DELHI (Reuters) - Soy oil suppliers are making an all outeffort to snatch a part of palm oil's market share in Asia but India'sproximity to palm oil suppliers and China's preference for soybeans willstand in the way.Traders and analysts said for India, the world's largest edible oilsimporter, a shorter distance to palm oil suppliers of Malaysia andIndonesia, compared with soft oil exporters in South America and theUnited States, in addition to lower prices, will more than offset arelatively lower import duty on soft oils.And in China, the preference to increasingly import soybeans to feedits huge crushing capacity is helping the world's second-largest importerof vegetable oils to generate enough soy oil of its own, leaving littlescope for importing soft oils.In India, palm oil has a 70-75 percent share out of nearly five milliontonnes of annual edible oil imports, leaving the remaining 25-30 percentto soft oil.The ratio of soy oil in the import basket in India has been growingbecause of lower duties on it, leaving Asian palm oil producers a worriedlot. But Indian traders say palm oil producers' fears of soy oil capturingthe market were unfounded."Palm oil will continue to be the king, irrespective of the prices orcustoms duties," said B.V. Mehta, executive director of the SolventExtractors' Association of India.Traders say palm oil is 10-15 percent cheaper than soy oil, wellaccepted by the Indian consumer as a cooking medium and is also preferredby industrial users. The landed cost of crude palm olein is around $430 atonne at Indian ports.In China, soy oil imports in the first seven months of 2005 fell by41.5 percent to 940,000 tonnes over the same year-ago period, while palmoil imports during the same period rose 30 percent to 1.6 million tonnes.A boom in soy crushing in China has been pushing down prices ofdomestically produced soy oil, making imports unattractive. And importersin China, like in India, also turn to buy palm oil in small cargoes tomeet immediate needs."This year was pretty good for palm oil because international soybeanprices were pretty expensive," said a market analyst with a Chinesecrusher. "But soy reserves are relatively high and are pressuring soy oilprices, especially because crushers have to keep their plants going forcash flow."
Sarawak looking at palm-oil fuel
24/08/2005 KUCHING (The Star) - Sarawak plans to increase its acreage ofoil palm estates and is looking into using palm oil for the production ofbiofuel.
SOYABEAN RUST NOW IN ALABAMA USA
23/08/05 WASHINGTONReuters) - The highly contagious soybean rust diseasewas found in a sixth Alabama county and could soon spread to other fieldsin the state, the U.S. Agriculture Department said on Tuesday.The fungus was found in a soybean sentinel plot in Autauga County, inthe center of the state and adjacent to ElmoreCounty where rust was found earlier this month.The sample had five infected leaves collected from a soybean plot atthe R6 growth stage. R6 is defined when the podhas green beans inside.Ed Sikora, a plant pathologist at Auburn University, said in a reportposted on the USDA's soybean rust-monitoring Website that the fungus wouldlikely spread to other counties inthe state."Growers in south and central Alabama with fields in early tomid-reproductive stages are at high risk for soybean rust,"said Sikora. "Weather conditions are very conducive to infection from thedisease, especially where frequent/dailyrain showers are occurring."The yield-cutting disease thrives in warm, humid weather with cloudyskies.Separately, the USDA said a cold front and thunderstorms moving slowlythrough the southeastern states could spread soybean rust into new areasthis week. Most vulnerable are states that already have some countiesinfected with the fungus, plus North Carolina and eastern Tennessee, itsaid.Fungicide is recommended for most soybean growers in the state whosecrops are in the reproductive stages. Farmers with crops that have maturedbeyond the R5 growth stage do not needto spray.The windborne disease so far has remained confined to Georgia,Alabama, Mississippi, Florida and South Carolina. The majorsoybean-growing states in the Midwest, where crops are nearing maturity,are no longer believed to be vulnerable to an outbreak of the disease thisyear.Suspicious spores have also been found in several states this yearincluding Kentucky, Tennessee, Louisiana andIllinois, the largest soybean growing state. Last Friday, six spores werediscovered in a trap in Suffolk, Virginia.
Brazil Has Increased Its Cropland But Will Harvest
8/19/2005 (EFE News Service) - Although Brazil slightly increased itscropland this year, its grain harvest will wind up being almost 5 percentless than in 2004, mainly due to adverse weather factors, officials saidThursday.
Chin refutes Indonesian claim
19/08/05 PUTRAJAYA, - Plantation Industries and Commodities Minister DatukPeter Chin has refuted claims by Indonesia that satellite pictures of Riaushowed hotspots in areas belonging to Malaysian-linked plantations."Satellite pictures are taken at a very high altitude, so how can theypinpoint for certain that those areas are Malaysian oil palm estates?"Chin said in response to news reports today on Indonesia’s insistence thatit has evidence of open burning by Malaysian-linked plantations inSumatra.
Felda buying more land overseas
22/08/05 (The Star) - PLANTATION giant, the Felda group, is believed to beon an acquisition trail for more plantation land bank abroad.
Food makers look to replace soybean oil with palm
21/08/ 2005 Washington, D.C. (DesMoinesRegister.com) - A food ingredientthat got a reputation in the 1980s as bad for the heart is coming back tocookies and other products.
Land conversion threatens food production, farmers
22/08/2005 KORONADAL CITY (SunStar)-- A group of farmers here has urgedthe City Government to set measures that would safeguard the city's primeagricultural lands from land use and crop conversions, especially for theongoing oil palm development project in the area.
New Collective Agreement For Oil Palm Sector Worke
18/08/05 PUTRAJAYA, (Bernama) -- Some 44,000 workers in the oil palmindustry stand to benefit from improvements in a new collective agreement(CA) inked, Thursday with their employers, including a "safety net" in theform of a guaranteed minimum payment of RM350 per month.
