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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
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.
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.
Indonesia To Settle Payment For Russian Jet Fighte
JAKARTA, Sept 15 Asia Pulse - State-run Board of Logistics (Bulog) saidpayment of US$192 million for a number of Russian jet fighters Shukoi andother military hardware will be fully settled next month.
India’s Soyabean Output Set To Increase On Revival
MUMBAI, SEPT 12: The Global Agriculture Information Network (GAIN) of theUS Department of Agriculture in its fresh estimates of the worldagriculture production has revised global wheat production upwards. India’s soybean area has been revised upward as the largest producing state,Madhya Pradesh, has reported maximum sowing till date.
Indian Ghee Manufacturers Cry Foul Over Palm Oil I
NEW DELHI, Sept 14 Asia Pulse - Vanaspati (vegetable ghee) and vegetableoils industry on Monday demanded immediate change in import regime for"crude" palm oils (CPO) saying that a massive 95 per cent of the importswere being subjected to a 10 per cent higher customs tariff after beingcategorised as "refined".
Iran Can Emerge As Number One Buyer Of M'sian Palm
TEHRAN, Sept 14 (Bernama) -- Iran may one day become one of the biggestimporters of Malaysian palm oil among West Asian countries.
New aquaculture study highlights opportunities for
9/14/2004 - Feeding the Growth in Aquaculture to 2015: The Scope for NovelNutritional Products is the first comprehensive study to link the growthin fish production and demand to global and regional opportunities forformulated feed, vegetable proteins, vegetable oils and feed additives inthe aquafeed industry.
Nigerian Ban To Cost Indonesia 50 PCT Of Export Po
SHARJAH, Sept 14 Asia Pulse - Indonesia is likely to lose 50 percent ofits export potential valued between US$140 million and US$160 million toNigeria following the latter's ban on the import of 41 commodities, atrade official said.
China Soyoil Imports Start to Decline
10/09/04 - The procurements of imported soyoil by China for shipmentsafter October have remained at low level and no new contracts have beensigned according to the new standard, so the imports will drop to a lowlevel in October-November. The demand for grade 2 soyoil and rapeseed oilhas declined in China, the increases in prices since early September havestopped and it is forecast the price is difficult to rise greatly beforethe Mid-autumn Festival and the National Day. The domestic demand for palmoil has declined rapidly as the temperature has dropped greatly in NorthChina, making the prices drop continuously, and the current palm oilimports have reduce.
