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Malaysia's palm oil stocks hit 8-month high in May as output jumps
FGV may see earnings fall over 50pct annually from expanded SST
CIMB: India's duty cut, low stocks seen boosting Malaysian palm oil exports
Palm Oil Market Set for Strong Growth to USD 106.5 Billion by 2032 Amid Rising Sustainability Focus
Fuel prices not expected to go up
Friday December 17, 2004 - FUEL prices are not expected to rise this yearand the government is expecting two sub-committees to submit theirrecommendations on the use of natural gas vehicles and palm diesel earlynext year.
MARKET TALK: Bearish '05 Soy Outlook To Affect CPO
16/12/04 (Dow Jones)--Bearish outlook for soybean prices negative forother global oils and oilseeds, including palm oil, traders say. USsoybean prices unlikely to reach $6.00/bushel next year due to abundantsupply, says Jim Smitherman, president of Harvest Trading Group; addsfront-month soybean contract on CBOT could even be in $4.50-$4.75 range by2005 spring planting (January soybean last traded at $5.46).
MARKET TALK: Brazil Soy Rust Potentially Positive
16/12/04 (Dow Jones)--Spread of Asian soybean rust in Brazil potentiallypositive for soy complex prices, which would be indirectly favorable forpalm oil prices, palm oil traders say. Agriculture Ministry crop agencyEmbrapa reports rust fungus found in Sao Paulo, the sixth state wheredisease discovered this season. No estimates yet on damage caused by rust,if any. Rust cut yields by 10% last year; a repeat this season likely toaffect soybean output, would be friendly for overall global oils andoilseeds market.
MARKET TALK: China Olein Stocks May Touch 300,000
16/12/04 (Dow Jones)--RBD palm olein prices in China likely to remainunder pressure in medium term as stocks are poised to build up further.Research firm Shanghai Pansun says stocks at major ports could touch300,000 tons by year-end as new cargoes arrive. RBD palm olein in Chinanow quoted around CNY4,500-CNY4,550/ton; weak domestic prices likely tolimit room for further imports by China, which is bearish for CPO futuresin Malaysia.
Nigerian state moves to improve palm oil productio
12/16/2004 THIS DAY (NIGERIA) - AAGM - Ebonyi State Government has signedMemorandum Of Understanding (MOU) with a Germany-based internationalInvestment and Trade Company, Globe Commodities, to establish palm oilprocessing plant and expand the state's palm oil plantation to 30,000hectares.
Sarawak short of NCR land for oil palm estates
Wednesday December 15, 2004 - KUCHING: There has been a new surge ofinvestors keen to develop native customary rights (NCR) land for oil palmplantations, said state Land Development Minister Datuk Dr James Masing.
Trans fats bad for the brain- not just the heart-
12/16/2004 - Mark Mattson and colleagues from the National Institute onAging, Baltimore, US, have found that saturated and trans fats are notonly bad for the heart but bad for the brain as well. They have linkedthese fats to age-related memory loss and a lessening of the ability tolearn.
Labour Shortage Woes
New Straits Times - Dec 14 6:51 PM - A SHORTAGE of workers could frustratethe State's target to develop one million hectares of land into oil palmplantations by 2010.Land Development Minister Datuk Seri Dr James Masing said oil palmproduction could also be affected if there is not enough labour.
AZRB forays into palm oil with Indonesian firm buy
December 15 2004 - CONSTRUCTION company Ahmad Zaki Resources Bhd (AZRB) isdiversifying into oil palm plantation following its acquisition of 95 percent equity in PT Ichtiar Gusti Pudi IGP for 17 billion rupiah (100 rupiah= RM0.04).
