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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
Brazilian 2004 agricultural exports break records
12/10/2004 EFE NEWS SERVICE - Brazilian agricultural exports broke theSouth American nation's record for a year in the first 11 months of 2004,the government reported Wednesday.
Felcra And Risda Ready To Venture Into Paper Produ
IPOH, Dec 10 (Bernama) -- The Rural and Regional Development Ministrythrough Felcra and Risda is ready to work with a company from China toproduce paper from the fronds, empty bunches and trunks of oil palm.
Heavy rain in Argentina causes $66m in damage to s
12/10/2004 EFE NEWS SERVICE- More than 10,000 people have been forced fromtheir homes by flooding in the Argentine province of Chaco, where the"prospects are bleak," officials said Thursday.
MARKET TALK: United Plantations Sees Weaker CPO Pr
10/12/04 (Dow Jones)--CPO prices may fall to MYR1,300/ton within nextthree months, United Plantations Bhd Executive Director Martin Bek-Nielsenquoted as saying by Star daily; attributes decline to weaker soyoilprices, slower demand due to rising freight costs. USD weakness, however,one factor providing support to prices. Despite bearish outlook,plantation companies still remain profitable as production costs aboutMYR700/ton. Benchmark CPO futures contract now at MYR1,403.
Boom in growing soybeans endangers South American
Posted on Wed, Dec. 08, 2004 DOLORES, Uruguay - A soybean boom is sweepingSouth America like a gold rush. Farmers with soy fever are plowing bymoonlight, speculating in jungles and dreaming of digging new canals tocarry their soybeans from the continent's vast and fertile interior toAtlantic and Pacific ports.
CPO prices may continue to ease further
Friday December 10, 2004 - LOWER soy bean prices may be music to the earsof poultry farming companies that use soy bean-based feed, but forplantation companies, they would mean lower profits as crude palm oil(CPO) prices tend to trend in the same direction.
Indonesia, Malaysia consider joint marketing to co
08/12/04 JAKARTA (AFX) - Indonesia and Malaysia, the two world's largestcrude palm oil (CPO) producers, are considering a 'common marketingstrategy' to have better control over international prices, a spokespersonfor the presidential palace here said.Visiting Malaysia Deputy Prime Minister Najib Razak and President SusiloBambang Yudhoyono have agreed that the neighbors should cooperate moretightly to stabilize CPO prices, said spokesperson for foreign affairsDino Pati Djalal.'Some thought has been given as to how both sides can cooperate in acommon marketing strategy so that Malaysia and Indonesia can have bettercontrol over the price crude palm oil on the international market,' Djalaltold reporters.He did not provide details, saying both governments will discuss the ideafurther.Indonesia and Malaysia may have better control CPO prices through jointadjustments of their production and inventory levels.
Indonesia, Malaysia to Stabilize Crude Palm Oil Pr
JAKARTA, Dec 8 Asia Pulse - Indonesian President Susilo Bambang Yudhoyonoand Malaysian Deputy Prime Minister Najib Tun Razak have agreed on theneed for bilateral cooperation in stabilizing the price of crude palm oil(CPO), an Indonesian official said here Wednesday.President Yudhoyono raised the issue on the CPO price because it wassomething that concerned both countries, Indonesian presidentialspokesman, Dino Patty Jalal, said.
Malaysian minister eye palm oil production, joint
Thursday, December 09, 2004 MAASIM, Sarangani, Philippines-- MalaysianMinister for Industrial Development Datuk Ewon Ebin said Wednesday theyare eyeing possible joint ventures in palm oil and fish production withthe Sarangani Provincial Government and local businessmen following athree-day visit here.
