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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
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Brazilian soyabean crop lower than expected: Oil W
HAMBURG (April 23 2003) : Disease and weather damage have cut this year'sBrazilian soyabean crop below potential, Hamburg-based newsletter OilWorld said on Tuesday.
First palm oil processing plant commissioned in Pa
4/22/2003 - Country Report Papua New Guinea via NewsEdge Corporation : Thecountry's first palm oil refinery and fractionation plant, built at a costof US$8m by New Britain Palm Oil, was commissioned in late March. It canprocess about 100,000 tonnes of crude palm oil annually or about 50% ofthe company's current crude palm oil production. It will produce refinedpalm oil, palm olein, palm stearin and fatty acid distillate for salemainly in Australia and New Zealand. The company expects to complete asmall packing operation by the middle of 2003 for the domestic market.Palm oil export volume fell to 306,000 tonnes in 2002, a 6% drop year onyear, primarily owing to unfavourable weather conditions in the palm oilproducing regions. However, in the fourth quarter of 2002 export volumewas up by 3% compared with the year-earlier period.
Palm oil centre in advance stage
THE proposed Business and Econo-mic Intelligence Centre (BEIC) for thepalm oil industry is already at an advanced stage of establishment,according to Malaysian Palm Oil Association (MPOA) chairman Tan Sri KhalidIbrahim.
Philippine island developing palm oil industry
4/21/2003 - (AP) - PUERTO PRINCESA CITY, April 17 Asia Pulse - ViceGovernor David Ponce de Leon has passed an ordinance that would establishthe Palawan Council for Palm Oil Industry Development (PCPOID).
Rubber tappers, estate workers guaranteed RM350 a
PUTRAJAYA, Apr 22: Rubber tappers and general workers in the rubberplantation sector are nowguaranteed basic monthly earnings of RM350 under two collective agreementssigned between the Malayan Agricultural Producers Association (Mapa) andthe National Union of Plantation Workers today (NUPW).
Indonesian crude palm oil export to Egypt faces de
JAKARTA (April 18 2003) : Plans for Indonesian exports of crude palm oil(CPO) to Egypt face delay over administration problems, an official fromPT Astra Agro Lestari said on Thursday.
Truckers strike in India
KUALA LUMPUR (April 18 2003) : In India, traders said edible oil suppliesin the world's largest importer could be hit with several thousand tonnesof oil held up at the ports as a truckers strike entered its fourth day.
USDA report on oilseed export
CHICAGO (April 17 2003) : The US Commerce Department has revised upwardits US 2002 and January 2003 soyabean export estimates to China by a totalof about 27.4 million bushels to reflect stronger sales than previouslyreported, a department aide said on Tuesday.
Europe sees ample palm oil stocks, India uncertain
KUALA LUMPUR (April 16 2003) : European palm oil consumers arewell-covered through September, putting more pressure on main producerMalaysia already shaken by poor exports, traders said on Tuesday.
