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CPO price forecast to climb for rest of the year
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Malaysian palm oil extends losses amid China tariff fears, weak demand
PM's Visit To Pakistan To Enhance Economic Coopera
KUALA LUMPUR, Feb 10 (Bernama) -- Malaysia and Pakistan are expected tohold discussions on enhancing economic cooperation, including on theproposed Free Trade Agreement (FTA), during the visit by Prime MinisterDatuk Seri Abdullah Ahmad Badawi to Pakistan next week.
Rotterdam port to house Europe's top palm oil plan
AMSTERDAM, Feb 8 (Reuters) - Oils producer Loders Croklaan has startedconstruction of what is expected to be Europe's largest palm refinery atthe port of Rotterdam, the firm and port officials said on Tuesday.The plant will process 2,500 to 3,000 tonnes of crude palm oil a day andbecome operational in the last quarter of this year, Loders Croklaan saidon its website.
Russia increased imports of tropical oils in Decem
02/09/2005 14:59 - Imports of palm oil to Russia continue to increase.According to official data, in December 2004 the country imported 71,000tonnes of this product, which is 50 percent more than in November andtwice as much as in December 2003. Totally, since the start of marketingyear (September) till the end of December Russia exported 48 percent morepalm oil than it had done over the same period of past MY (209,000 tonnesin Sep.-Dec. 2004).
Flip-flop on edible oil policy
Mumbai , Feb. 7 - POLITICAL pressure, rather than supportive scientificevidence, seems to have won the day for palm oil importers. This is clearfrom the unseemly hurry shown by the Ministry of Finance in diluting thecarotenoid condition.
Imported edible oils - Revenue considerations behi
2/7/05 - Oilmandi - THE Finance Ministry's decision on January 31 not toreduce the tariff values on imported edible oils, contrary to generalexpectations, seems to have been prompted mainly by revenueconsiderations.An indication of this is that the Central Board of Excise and Customs(CBEC) had, on January 13, actually approved a reduction in the tariffvalues for the entire palm oil complex.
Indonesia Aims to Boost Exports of Crude Palm Oil
JAKARTA, Feb 7 Asia Pulse - Indonesia hopes to export up to 1.2 milliontons of crude palm oil (CPO) to India in 2005, up from 960,000 tons in2004 with the relaxation of import restriction..The surge in export is possible with the abolition of the regulationrequiring a minimum content of beta carotene for CPO allowing to enterthat country.
Indonesia Palm Oil Prices Up On India News
2/7/05 Oilmandi - Indonesia physical palm oil prices higher today onexpectations of higher exports following India's decision to relax CPOimport rules. CPO in Medan at IDR3,280/kg vs IDR3,248/kg last week. "Thenews is very positive for the market," says trader in Jakarta. RBD PalmOlein at IDR3,650/kg vs IDR3,600/kg last week. Indonesia Palm OilAssociation, or Gapki, says Indonesia's CPO exports to India may increase25% to 1.2 million tons this year vs 960,000 tons in 2004 as India hasrelaxed beta-carotene content rules for imported CPO
Lonsum to build new palm oil mills
Saturday, February 05, 2005 Jakarta - In a bid to boost its production,the publicly listed plantation company PT PP London Sumatra Indonesia(Lonsum) plans to build three new palm oil mills in Sumatra -- allexpected to start operation later this year.
Malaysia's palm oil assn says palm oil stockpile '
6/2/05 KUALA LUMPUR (AFX) - The issue of an increasing palm oil stockpile,resulting in the current downward spiral in crude palm oil (CPO) prices,must not be 'overplayed' as the commodity is fundamentally supported byencouraging global supply and demand factors, the Star reported.It quoted Malaysian Palm Oil Association's Chief Executive MR Chandran assaying: 'I do not consider the current stockpile of 1.5 mln tons high asMalaysia's average palm oil monthly exports are between 1.1 mln and 1.3mln tons. If one were to compare this export figures of 1.3 mln tons withthe current stocks of 1.5 mln tons, the stockpile is not excessive atall.'
