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Palm oil stocks expected to climb 15pct in May on increased output
April Palm Oil Exports Up 9.62 pct, CPO Production 21.52 Pct Higher – MPOB
Malaysia deserves to get low-risk status in new EU regulation
Malaysia’s palm oil production up 3.51%
Chemical derived from vitamin E shows early promis
27/10/2004 (NewsRx.com & NewsRx.net) -- By studying cancer in mice,researchers at the University of Texas at Austin have gained preliminaryevidence that a novel compound that resembles vitamin E halves the size oftumors and the ability of cancer to spread to other body sites.
China September Oil and Oilseed Imports
23/10/04 - Customs data showed China imported 1.45 million tons of soybeanin September, down 51.5%, and 13.95 million tons of soybean from Januaryto September, down 21.2%. China imported 43,000 tons of soyoil inSeptember, down 15.8% and 2.044 million tons of soyoil from January toSeptember, up 70.6%. China imported 354,000 tons of palm oil in September,down 0.5% and 2.757 million tons of palm oil from January to September, up10%.
Indonesia eyes higher palm oil exports to China
27/10/2004 Agra Europe - Higher import quotas by China has spurredIndonesia, the world's second largest palm oil producer after Malaysia, tobelieve it can boost exports to the East Asian giant.
Volta Region holds trade exhibition
Ho,Ghana Oct 27, (GNA)- GRATIS Foundation has initiated moves to helplocal oil-palm producers in the Volta Region to change over from pressingpalm fruits in dug-outs with their feet to using a micro palm fruitdigester. The digester, which is capable of processing five tonnes of palmfruits per hour, costs 2.5 million cedis.
China, ASEAN Agree To Axe Tariffs
26/10/04 (Dow Jones)--China and ASEAN have agreed to eliminate tariffs onmerchandise goods by 2010 as part of ongoing free-trade agreement talks;Beiking Ministry of Commerce says deal to be signed next month andreductions begin next year. That should further open up China to rawmaterials trade from ASEAN. Trade with ASEAN already accounts for morethan 10% of China's total annual trade volume.
Felcra to diversify into herb industry
KUALA LUMPUR, Oct 26 - Felcra Bhd aims to venture into the lucrative herbindustry to diversify its business and reduce its dependency on rubber andpalm oil earnings.
Soybean plantings in Brazil are running behind and
26/10/04 - In Brazil unfavourably dry conditions continued to affectsoybean plantings and early germination in the states of Mato Grosso,Goias and Minas Gerais. However, some good rainfall was received on Oct 24and 25 in southern parts of Mato Grosso do Sul, Parana, Santa Catarina andparts of Rio Grande do Sul. Overall, soybean plantings are running behindand crop prospects have deteriorated due to the detrimental weather inMato Grosso, which was Brazil’s largest soybean producing state last year.ABIOVE estimates this year’s soybean crop at 61.5 Mn T, up from 50.8 Mn Tlast year. Last week we published our crop estimate of 60.0 Mn T andpointed out that this year’s total Brazilian soybean plantings will fallshort of expectations. The first planting estimate of CONAB is scheduledto be released today.ABIOVE reported soybean crushings of members at 2.25 Mn T in Sept, downseasonally from 2.43 Mn T in August. Basis this information, we estimatetotal Brazilian soybean crushings at 2.58 Mn T in Sept compared with 2.80Mn T a month and 2.55 Mn T a year earlier.
US soybean exports to China are very impressive
26/10/04 - U.S. soybean exports continued to increase seasonally to 43.3Mn bu in the week ended Oct 24, thereof about 50% to China. Last week’stotal exports were slightly revised upward by 0.2 Mn bu to 36.5 Mn bu.Though below the year-ago level in the latest week, cumulative exportssince Sept 1 are well above the year-ago level at 142.5 Mn bu (up 9%).Soybean exports to China are very impressive. This is linked to the hugepent-up demand in China caused by the low imports and the resulting sharpdecline in Chinese stocks in preceding months.
Weather Uncertainties
22/10/04 - Weather conditions will be the key variable to watch in comingweeks and months. An improvement in rainfall is urgently required in allof Argentina and most of Brazil. Original planting intentions for wheatand sunflowers could not be accomplished in northern parts of Argentina,where the planting window has now closed.Some meteorologists indicate that prospects for rainfall have improved forthe next 1-2 weeks in Brazil, while others still indicate thatbelow-normal rainfall will continue to be experienced until at least Oct31. A so-called mini La Niña developed over the past six months and wasblamed for the dryness in most of Argentina, Brazil, Bolivia and Paraguayin the past five months.A moderate El Niño is likely to develop within the next 2-4 months,according to several meteorologists. 6 out of 11 internationalclimatological centres see the likelihood of such a scenario to developuntil March 2005. This is in contrast to the announcement of theAustralian Meteorological Bureau earlier this week, which pointed to thelikelihood that El Niño would weaken rather than strengthen. If an El Niñodevelops, it is expected to result in above-normal rainfall in Februaryand March 2005 in many areas of Argentina, Paraguay and Brazil. This wouldcreate ideal conditions for the Asian rust fungus to continue to spreadwhich could become a major factor to watch. It will be very important thatfarmers will be better skilled so that they can detect the fungus at anearly stage and immediately begin spraying before it is too late.The El Niño has global impacts: Several parts of Australia have recentlysuffered from very dry conditions. Rainfall was below normal duringJuly/Oct in most of Australia and in the Republic of South Africa.In Indonesia, rainfall improved in September and was above normal in mostareas of Sumatra and Kalimantan, but still below normal in Java andSula-wesi. Average precipitation in September was 11% above normal. Palmoil production prospects in Indonesia and Malaysia for 2005 and 2006 willto a large extent depend on whether El Niño conditions will develop and,particularly, how severe the El Niño and the accompanying rainfall deficitwill be in South East Asia.
