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Malaysia’s palm oil production up 3.51%
Malaysian palm oil higher
CPO Futures Close Lower, Tracking Weaker Soybean Oil Prices
Malaysia's palm oil stocks hit 8-month high in May as output jumps
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.'
Norms for concessional duty on crude palm oil revi
NEW DELHI, FEB. 5. The Centre has liberalised certain specificationsprescribed hitherto on crude palm oil and palmolein imported at aconcessional duty of 65 per cent by actual users. The revised norms havebeen notified and came into effect yesterday, an official statement saidhere on Saturday.
Palm Oil Exports To India To Rise 25%
2/7/05 Oilmandi - Indonesia expects to increase its crude palm oilexports to India following the latter's decision to relax its strictimport rules, reports Kompas newspaper.
Palm oil stocks not excessive: MPOA
Monday February 7, 2005 - THE issue of rising palm oil stocks, resultingin the current downward spiral in crude palm oil (CPO) prices, must not be"overplayed", as the commodity is fundamentally supported by encouragingglobal supply and demand factors.
