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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
PAKISTAN SOYABEAN OIL SEEN DOWN 20% IN 2004
Pakistan is expected to buy 1.4 million tonnes of palm oil this year thesame amount as 200, but soyabean oil imports could drop 20% due to highprices, according tto industry sources. RBD palm olein would make up thebulk of its palm oil imports, which came from leading producers Malaysiaand Indonesia in 2003. However soyabean oil imports from South America andother sources could drop from last year’s 126,000 tonnes, particularly ifPakistan does not receive aid or grants.
Add value to palm oil to increase sales: Dr Lim
February 20 2004 - MALAYSIAN palm oil industry can increase the sales ofthe commodity by adding value to the product rather than selling it inbulk.
Birla Group To Exit From Rubber Business In Malays
NEW DELHI, Feb 25 (Bernama) -- A.V. Birla Group of India is planning toexit from the rubber business in Malaysia, says a report in the financialdaily, the Economic Times, quoting senior Birla group executives.
CPO futures almost touch RM2,000 mark
February 25 2004 - MALAYSIA’S crude palm oil (CPO) futures prices cameclose to touching the RM2,000 mark at midday yesterday but lost its steamat the end due to profit-taking activities.
Crude Palm Oil Price In Jakarta Hits Record High
JAKARTA, Feb 25 Asia Pulse - The price of crude palm oil (CPO) in Jakartahit a record high of US$550 per ton in an auction on Tuesday. DahlanSurbakti, an official of the joint marketing office of state plantationcompanies, said reports of falling CPO supply from Malaysia and a scarcityin soybean supply to the international market triggered a surge in theprice. Surbakti said the soybean oil supply declined as a result of a longdrought in Argentina and Brazil. Malaysia and Indonesia are the largestand second largest producers of CPO in the world, respectively. (ANTARA)
FPKO has potential to woo at least 7 firms
February 21 2004 - MALAYSIA’S latest palm oil-related derivatives have thepotential to attract at least seven strong market makers to strengthen thenew hedging tool’s liquidity.
India's Edible Oil Imports Fall By 8% In Nov-Oct
NEW DELHI, Feb 17 Asia Pulse - With a bumper oilseeds crop of around235,00,000 tonnes in the offing, India's edible oil imports have reportedan 8 per cent fall to 9,41,000 tonnes in November-October period from8,69,000 tonnes in the same period last year.
More Firms Must Participate In New CPKO Market: Dr
KUALA LUMPUR, Feb 20 (Bernama) -- Primary Industries Minister Datuk SeriDr Lim Keng Yaik says he is pushing for more palm oil-based companiesespecially market makers to participate in the new Crude Palm Kernel Oil(CPKO) futures contract launched here Friday.
Opportunities For Malaysian Businessmen In Banglad
DHAKA, Feb 18 (Bernama) -- Penang's Deputy Chief Minister Datuk Dr Hilmibin Yahya described his four-day visit to Bangladesh as fruitful and saidit would contribute positively to enhancing economic cooperation betweenthe two countries.
