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Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
CPO prices to consolidate at RM4,000 to RM4,300
MARKET TALK: MPOB Estimate Seen "Slightly Bearish"
(Dow Jones)--BMD trader says MPOB estimate showing a 1.8% rise inend-January stocks "slightly bearish" for prices as the market wasexpecting stocks to fall. "Besides, there is now talk that Februaryproduction may not drop as much as the 20% predicted by some, which meansthere will be further buildup in stocks this month," he says. All thesefactors point to revival of pressure on prices. Benchmark May contract nowat MYR1,315/ton, down MYR16/ton from Monday's close.Malaysia's palm oil exports in January fell 12% on month to 995,345 metrictons, the Malaysian Palm Oil Board said Tuesday.MPOB said January palm oil output also fell 12% on month, to 1.15 milliontons, while end-January stocks rose 1.8% on month to 1.52 million tons.Traders said the figures were mostly in line with market expectations.Last week, the Malaysian Palm Oil Association, a lobby group of bigplantation companies, had estimated a 13% drop in January production.The following are details of the January crop data issued by the MalaysianPalm Oil Board:
RI lifts import duty on Chinese stearic acid
Saturday, February 12, 2005 Jakarta - Indonesia has lifted the import dutyon stearic acid from China as part of the Southeast Asian free tradeagreement with the country, the Ministry of Finance announced on Friday.
Thai government offering incentives to investors f
2/15/2005 Bangkok Post - Cheap financing sources, promotional privilegesand price guarantees will be the key measures the government will provideto investors interested in the biodiesel development project, according todeputy permanent secretary for energy Pornchai Rujiprapa.
USDA Attache: Brazil 2004-05 Soybean Production Es
15/2/05 KANSAS CITY (Dow Jones)--Brazi's soybean production for marketingyear 2004/05 is forecast at 61.8 million tons on an area of 23 millionhectares, up 9.2 million tons from the previous year, according to anattache report dated Feb. 2 but posted Monday on USDA's ForeignAgricultural Service Web site.
Lower palm oil output seen in January
Tuesday February 15, 2005 - MALAYSIA'S palm oil output is expected to fallby about 12% to 1.16 million tonnes in January from December, a Reuterspoll of leading plantation firms showed yesterday.
Better management can raise oil palm yields
Friday February 11, 2005 - OIL palm planters can increase their yields toup to five tonnes a hectare annually compared to the current four tonnesby implementing better management practices, said Malaysian Palm OilAssociation (MPOA) chief executive M.R. Chandran.
Import operations resume at Nagai port:
Nagapattinam (Tamil Nadu), Feb 13 : Cargo handling at the port here, whichremained suspended since the tsunami strike in December, resumed todaywith the arrival of a Indonesian steamer carrying edible palm oil crude.
Indonesian CPO Exports To India May Increase In Ne
MEDAN, Feb 8 Asia Pulse - Indonesia's exports of crude palm oil (CPO) andits derivative crude olein to India may increase in the next few monthsfollowing a decision of the Indian government to lower the beta karotenecontent of crude palm oil.
Oil Palm Trunks New Alternative For Plywood
KUALA LUMPUR, Feb 11 (Bernama) -- After the success in producing dieselfrom palm oil and vitamin products from palm kernel, the oil palm industryhas entered into a new phase which promises substantial income for thecountry.
