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Palm oil dips as India import tax concerns counter weak supply outlook
Palm oil production to exceed 19mil mt next year, says analyst
India's palm oil imports plunge as buyers shift to soyoil
Palm oil falls as August inventories rise more than expected
World Coconut Oil: Prices Fall On Bearish Factors
Manila, May 28 (Dow Jones) - World coconut oil prices continued to fallthis week, in line with bearish sentiment in vegetable oil markets.Traders said the market was generally quiet this week as most buyersremained on the sidelines, anticipating lower prices.Manila-based traders quoted coconut oil for July delivery at $640 ametric ton, FOB, down $10-$15/ton from prices quoted a week ago.Despite limited supply of copra, the dried coconut meat from which theoil is extracted, coconut oil prices continue to slide on the bearishinfluence of the soy and palm oil markets, traders said.Prospects of lower soyoil imports by China and increasing palm oilstocks in Malaysia are major bearish factors in the vegetable oil market,traders said."The sentiment (among buyers) is to stay out of the market," oneexporter said.However, the coconut oil market could see a technical correct highernext week as export prices have already fallen substantially, by around$100/ton in the last two weeks, he said.He added a possible increase in demand for palm oil could help easepressure on coconut oil prices.The Philippines is the world's biggest exporter of coconut oil,averaging 1 million tons a year.
CB Industrial to lead in palm oil services
Thursday May 27, 2004 - SECOND board-listed CB Industrial Products Bhd(CBIP) is well on its way to becoming a leading provider of palm oilmilling equipment and engineering services at the international level.
Growing demand for palm oil bodes well
Wednesday May 26, 2004 - THE significance of China as the single largestimporter of Malaysian palm oil especially over the past five yearsstrongly reflects China’s growing domestic demand and confidence in thesupply and quality of the commodity.
Reduction In GST On Edible Oil Under Study In Paki
ISLAMABAD, May 28 Asia Pulse - The government is considering a proposal toreduce general sales tax (GST) to 15 per cent from 20 per cent on importsof palm oil and palm olein at the persistent demand of the vanaspati gheemanufacturers, well-placed sources said.
Traders expect CPO prices to rebound
27 May, 2004 - FALLING crude palm oil (CPO) prices may have found theirbottom and are poised for a rebound in the weeks ahead.
EU oilseed output seen rising 12%
5/24/2004 (Agra Europe) - Oilseed production in the EU-15 is seen risingto 13.83 million tonnes this year, up 12.0% on the 12.35mt harvested in2003, according to grain lobby Coceral. Meanwhile, oilseed production innew member state Poland is seen rising nearly 50% to 1.125mt.
M'sia losing its edge in palm oil
May 22, 2004, (SUNGAI BULOH, Malaysia) The recent boom in globalcommodities - with palm oil recently hitting five-year price highs - isexposing deep inefficiencies in Malaysia's palm-oil industry, the AsianWall Street Journal reported yesterday.
Romania Welcomes Malaysian Companies To Set Up Pal
KUALA LUMPUR, May 24 (Bernama) -- Romania has requested Malaysiancompanies to set up palm oil processing plants in its country, deputyMinister of International Trade and Industry, Datuk Ahmad Husni Hanadzlahsaid Monday.
ASA outlines strategies for expanding US soy expor
May 19, 2004... Saint Louis, Missouri... Representing the 25,000producer-members of the American Soybean Association (ASA), Board memberand past-President Bart Ruth, a soybean and corn farmer from Rising City,Neb., testified on the status of agricultural trade negotiations beforethe U.S. House of Representatives Committee on Agriculture. World demandfor soy-related exports, particularly high protein soybean meal andlivestock products, is growing rapidly. Expansion of developing economieshas spurred rising demand for and ability to afford a more nutritiousdiet.