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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
Palm Oil Exporters Should Not Only Concentrate On
KUALA LUMPUR, Oct 3 (Bernama) -- The concentration of most palm oilexports to five countries warrants attention because any significantshortfalls in imports by one of them could have a negative impact on theMalaysian palm oil industry, Primary Industries Minister, Datuk Seri DrLim Keng Yaik said.
Golden Hope projects average annual pre-tax RM550m
2 October ,2003 - GOLDEN Hope Plantations Bhd, soon to be an enlargedplantation company, expects to make an average annual pre-tax profit ofRM550 million for five years starting from this year to 2008.
Kulim to expand ops to meet likely increase in pal
KULIM (Malaysia) Bhd is set to expand the operations of its plantations inMalaysia, Papua New Guinea (PNG) and Indonesia to meet an expectedincrease in global demand for palm oil.
Use Modern Technology, Oil Palm Smallholders Told
BERA, Pahang, Sept 29 (Bernama) -- Primary Industries Minister Datuk SeriDr Lim Keng Yaik has urged oil palm smallholders to use modern technologyand expertise to reduce production costs.
Copra, palm kernel imports seen hit by new EU rule
Thursday, May 29, 2003, AMSTERDAM - New stricter European Union rules onanimal feed are due to virtually halt Asian shipments to Europe of copraproducts and might also curb imports of palm kernel expellers, industrysources said on Tuesday.
CHINA, P.R. - OILS & FATS DOMESTIC DEMAND
23 Sept, 2003 (Oil World Flash) - The official import data for Augustconfirm very strong domestic demand. Imports were higher than expected forsoybeans and, in particular, again for palm oil. Soybean imports wereboosted to 2.45 Mn T and this brought the total for Oct/Aug 2002/ 03 to arecord 18.4 Mn T or more than double the quantity imported the yearbefore. A slowing-down is now expected for September. But Chinese soybeanpurchases have picked up and we should see increasing US exports to Chinafrom October onward. The latest US export sales report showed newcropsoybean export commitments to China at 1.8 Mn T as of Sept 11, up from1.69 Mn T a year ago. Last week’s Chinese purchases were not yet includedin this figure.
Palm Oil Production To Reach 13 Mln Tonnes This Ye
KUALA LUMPUR, Sept 22 (Bernama) -- Malaysia's palm oil production thisyear is expected to reach 13 million tonnes, said Primary IndustriesDeputy Minister Datuk Anifah Hj. Aman.
World Production Growth Nearly Doubling to 5.6 Mn
19 Sept, 2003 (OIL WORLD FLASH) - Accelerating production growth is mainlyexpected in seed oils whereas a slowdown is in prospect for palm oil.Strong world demand growth of 4.2 Mn T is forecast for next season,against a relatively low increase of 3.1 Mn T in 2002/03. A major burdenfor 2003/04 are the low carry-in stocks of only 12.6 Mn T, down from 13.8Mn T a year ago.
M'sia's Trade With China Increases Three Folds In
KUALA LUMPUR, Sept 18 (Bernama) -- Malaysia's bilateral trade with Chinahas increased three-folds to US$11.5 billion in 2002 from US$3.7 billion(US$1 = RM3.80) in 1995, Deputy Minister of International Trade andIndustry Datuk Seri Kerk Choo Ting said here Thursday.
