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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%
World Rapeseed & Canola Production Higher Than Exp
22/10/04 - Rapeseed and Products 2004/05 world production of rapeseed &canola has turned out higher than expected hitherto and will be up sharplyby 3.7 Mn T. But the bearish effects of very high supplies (primarily inEurope) are largely offset by the unusually strong demand for rape oil. Itis mainly the additional demand for biodiesel which has boosted rapeseedcrushings to full capacity in the EU-25 since September. Still, rape oilprices continued to strengthen in Europe to around US$ 670 for nearestforward shipment. At that level they command a premium of around $ 110vis-a-vis soya oil. With mineral oil prices trading above US$ 50 perbarrel, biodiesel producers are enjoying a very profitable situation andvery high margins with current rape oil prices. It can be assumed that aslong as mineral oil prices stay so high, biodiesel production willcontinue at an unusually high level. With new capacities having come onstream, we realize that our previous demand estimates for rape oil in theEuropean Union need to be revised upward. We will publish the results ofour analysis - - including more details on European biodiesel capacitiesand prospects for 2005 - - in the special study Prices in the RapeseedComplex which we are currently preparing. (You are invited to contactinfo@oilworld.biz or visit us at www.oilworld.biz for further details.)The developments in sunflower oil and rape oil will raise world demand forsoybean oil and palm oil and will, in our assessment, contribute toappreciating prices in the medium term.
Joint panel meets after four-year lapse
Tuesday October 26, 2004 - KUALA LUMPUR: The Malaysia-Pakistan JointMinisterial Commission meets today after a lapse of four years andofficials from both sides have prepared extensively to make up for losttime.
Nov Holidays May Affect Palm Oil Output
10/26/04 (Oilmandi) - Are some concerns CPO supply may be disrupted inmid-November due to Deepavali and Idul Fitri holidays in Malaysia,Indonesia; official holidays only 2-3 days but workers typically away forlonger. "People are a bit concerned that production will be weaker becauseof all the holidays," says trader at Malaysia house; but lower productionwould be positive for palm oil prices.
Researchers to get a portion of IP
Tuesday October 26, 2004 PUTRAJAYA: The Government is drawing up a Bill toprovide incentives for researchers to devote their time to doing researchand development work with commercial potential.
"Halal" Food Makes Impact At Paris Food Fair
KUALA LUMPUR, Oct 23 (Bernama) -- 'Halal' ready-made food emerged as a newtrend at the just-ended International Food Products Exhibition in Paris,one of the world's biggest gatherings of food industry professionals.
Government to continue improving people’s living s
Oct 25, 2004 DEBAK -The Deputy Minister of Transport, Datuk Douglas UggahEmbas yesterday reassured the people, particularly those in rural areas,that the government would continue to draw up and implemented developmentprogrammes to uplift their standard of living.The development of oil palmand rubber plantations in various parts of the State were testimonies ofthe government’s commitment to upgrade the socio-economic status of ruralfolks, he said during a joint ceremony for the closing of an in-sitetraining on rubber tapping and handing over of a mini rubber estate tofive longhouses in the Ulu Rimbas near here, yesterday.
Exim Bank Of India To Expand Its Credit Line In Ma
MUMBAI, Oct 22 (Bernama) -- The Export and Import Bank of India (EXIMBank) is currently in talks with one of Malaysia's commercial bank toexpand its second credit line worth US$10 million (RM38 million), itschairman and managing director, T.C Venkat Subramaniam said.
IOI expects another record year
Friday October 22, 2004 - IOI Corp Bhd is looking to turn in anotherrecord performance for its current financial year ending June 30, 2005,spurred by a projected 15% increase in crude palm oil (CPO) production byits plantation division.
PPB in JV to develop oil palm plantation in Kalima
21/10/04 (The Edge Daily) - PPB Oil Palms Bhd’s subsidiary Kalimantan PalmIndustries Sdn Bhd (KPI) has entered into a joint venture (JV) with PTRimba Harapan Sakti and PT Salawati Makmur to develop about 32,200ha inCentral Kalimantan, Indonesia.
