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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
OUTLOOK 05: Palm Oil Mkt Eyes On Currencies, Crude
Friday December 17, 12:00 PM KUALA LUMPUR (Dow Jones)--Foreign exchangerates and crude oil prices, issues not normally associated with palm oil,may emerge as major influences on a market that otherwise appears set fora bearish year in 2005.
Report On Bio-diesel As Alternative Source Of Ener
KUALA LUMPUR, Dec 18 (Bernama) -- The ministry of plantation industriesand commodities is due to submit a report on the possible use ofbio-diesel as an alternative fuel source, its minister Datuk Peter ChinFah Kui said.
Sarawak To Protect Arowana Breeding Ground
MUKAH, Dec 17 (Bernama) -- The Kenyana river here will be designated as abreeding ground for the highly prized Arowana fish, state Minister ofEnvironment and Public Health Datuk Michael Manyin said.
Stocks up on seasonally lower exports
Saturday December 18, 2004By Mayban ResearchCPO production declined 7.5% from 1.36 million tonnes in October 2004 to1.26 million tonnes in November 2004. Nevertheless, stockpile of CPO (+4%)and palm kernel (+13.6%) increased due to the seasonally lower exports(-6.1% during the month). Palm oil production headed for a seasonaldecline in October after production peaked in the month of September.
Attracting investors to Indonesia
Wednesday December 15, 2004 - AN EFFECTIVE way to discourage Indonesiansfrom looking for work overseas is for the republic to provide them withmore job opportunities. On its own, it does not have the means to do so.
Brazil 04-05 Soy Crop Seen 28.5% Higher On Yr At 6
16/12/04 SAO PAULO (Dow Jones)--Brazil's 2004-05 soybean crop(October-September) will total 63.24 million metric tons, 28.5% higherthan the 49.20 million tons produced last year, the Brazilian CensusBureau, or IBGE, said Thursday.The second estimate for the current crop was slightly higher than the63.09 million tons forecast in November. The figure is lower than the 61.4million tons estimated by the Agriculture Ministry Tuesday, but lower thanthe U.S. Department of Agriculture figure of 64.5 million tons.Despite low prices and rising production costs, the bureau detected a6% increase in planted area to 22.8 million hectares.Area is growing because of the lack of other options, IBGE said in itsmonthly report. The main alternative crop, corn, has similarly low pricesand high costs but isn't as easy to sell.Summer corn production is expected to rise just 3.3% to 32.11 milliontons from 31.07 million tons last year.Summer-crop corn planted area is actually seen falling 1.2% to 8.96million hectares this year, but average yields are seen rising 4.5% to2,779 kg per hectare as corn recovers from a drought-affected 2004 crop.Brazil's grain, oilseed and cereal crop is expected to total 134.0million tons this season, up from 119.2 million tons last year.
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.
