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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%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
Malaysian oil palm plantation firms looking at exp
12/2/2004 BUSINESS TIMES - SEVERAL Malaysian plantation companies areinterested in expanding their operations to Nigeria which needs up to US$3billion (US$1 = RM3.80) in foreign direct investments in the next 10 to 15years to reinvigorate its oil palm sector.
Delloyd to acquire Indonesian plantations at RM43m
1/12/04 - Delloyd Ventures Bhd unit Delloyd Plantation Sdn Bhd has signeda memorandum of understanding to acquire a 60% stake in an oil palmplantation company PT Rebinmas Jaya for RM42.95 million.
Palm-Oleo Appoints Acme-Hardesty Distributor of Ol
Wednesday, December 1, 2004 - BLUE BELL, PA -- Palm-Oleo SDN BHD,Malaysia, announced Tuesday the appointment of Acme-Hardesty Co. as theirexclusive distributor of fatty acids and glycerine in the United States.Palm-Oleo will utilize Acme-Hardesty¹s extensive supply chain network todistribute bulk and packaged oleochemicals. The exclusive arrangement wasa natural progression for both companies towards their shared objectiveof providing customers in the U.S. market with industry leading customerservice and a reliable supply of the highest quality palm oil basedproducts.
Brazil 2004-05 Soy Planting 76% Complete - Safras
26/11/04 SAO PAULO (Dow Jones)--Brazilian farmers have planted 76% oftheir potentially record 2004-05 soybean crop up to Friday, moving forwardfrom 64% last week, said local agricultural consultants Safras e MercadoFriday.Planting is slightly behind the 80% planted at the same stage lastyear and the five-year average of 81%.Fieldwork is most advanced in the center-west state of Mato Grosso doSul, where farmers had sown 92% of the crop, ahead of the 83% planted atthe same stage last year and the five-year average of 79%.Planting was 86% complete in the center-west state of Mato Grosso,where fieldwork traditionally runs quickest. It was slightly ahead of the84% planted last year and slightly behind the five-year average of 88%.Safras forecast Brazil's 2004-05 soybean production will total 63.2million metric tons, up from 49.9 million tons produced last year.
Indonesia's October Exports Probably Rose on Oil P
Nov. 30 (Bloomberg) -- Indonesia's exports probably rose for a seventhmonth in October, helped by surging oil prices and sales of palm oil,nickel and coal to Japan and China.
MARKET TALK: Negative Olein Margins To Cap China I
30/11/04 (Dow Jones)--Negative domestic selling margins in China for palmoil products likely to limit room for further imports, at least in comingweeks, traders say. SGS Malaysia export figures show drop of about 100,000tons to China in November; December may also be slow due to weak sellingprices. RBD palm olein prices in major Chinese ports mostly aroundCNY4,650/ton, which below cost of fresh imports, Singapore-based tradersays. Adds given negative margins, further imports likely to be mainly bycompanies that still haven't used up their 2004 quota given by government.
Soy oil shortages in India have prompted sharp inc
11/30/2004 INDIA BUSINESS INSIGHT - Indian importers of edible oil areexpecting short supply of soya oil from sources within India and aretherefore increasing their stake in crude soya oil. This has resulted in asharp increase in imports of soya oil, soya oil expected to touch 2.2 lakhtonnes of imports in Nov 2004 against an average import of 1.5 lakh tonnesover the previous two months.
USDA Attache: Brazilian 2004-05 Soybean Production
29/1104 KANSAS CITY (Dow Jones)--The Brazilian government's firstofficial soybean production estimate for the 2004/05 crop year is 60.8million tons, a 22% increase from last year's crop, according to anattache report posted Friday on the U.S. Department of Agriculture'sForeign Agricultural Services Web site.Ministry of Agriculture in Brazil releases its first projections for2004/05The Brazilian government's first official soybean production estimatefor the 2004/05 crop year is 60.8 million tons, a 22% increase from lastyear's crop.According to Agriculture Minister Rodrigues, this increase inproduction is expected despite less growth than anticipated in plantedarea. CONAB (USDA's ERS and CCC equivalent in Brazil) is projecting aplanted area of between 22.0 and 22.4 million hectares, an increase ofapproximately 1 million hectares or a about a 5% increase over last year'sarea.The increase reflects producers' anticipation of lower revenues in2005. Increased costs of production, pressured by high prices forpetroleum and steel, and a drop in international commodity prices arefactors that will reduce planting intentions in Brazil.Decreased fertilizer use also had an impact and made farmers moresusceptible to climate variations. CONAB reports that farmers are facedwith irregular rain patterns and in many areas, a lack of rain in generalas farmers begin spring planting. Water reserves in the South are alsobelow normal levels.Commenting on Brazil's storage and transportation problems, theMinister said that the Brazilian government will invest 62 million Reais(US$ 22.1 million) in infrastructure improvements. The GOB anticipatesthat this investment will generate $1 Billion of additional commodityexports.
6 Davao del Norte towns potential palm oil areas
Sunday, November 28, 2004 TAGUM CITY, PHILIPPINES -- Frequently floodedtowns in Davao del Norte have great potential for palm oil production.
