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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
Malaysian firm to supply Unilever with management
12/27/2004 KUALA LUMPUR -- TH Group Bhd today announced that itssubsidiary, iTECH Worldwide Sdn Bhd, an MSC status company, has secured aproject worth RM380,000 with Unilever Ghana for the supply andimplementation of eFLEX solution, a suite of Malaysian developedmanagement software for plantation & palm oil mill.
Malaysian firms form joint venture to develop oil
12/28/2004 BUSINESS TIMES (MALAYSIA) - SARAWAK Oil Palms Bhd (SOP) hasformed a joint-venture company with Sarawak Economic Develop ment Corp(SEDC).
Palm oil production to be core business for Tradew
12/31/2004 BERNAMA KUALA LUMPUR -- By the year 2010, Tradewinds (M) Bhd'score business is likely to be oil palm cultivation, followed by sugarrefinery, following the company's decision to shift from its non-coreactivities like property investment and development.
Private developer to invest US$18.5m in Malaysian
12/31/2004 BUSINESS TIMES (MALAYSIA) - SURIA Capital Holdings Bhd, whichacquired seven ports in Sabah from the state government in September, isbuying RM70 million worth of new handling equipment to beef up its portfacilities.
Sharp fall in edible oils on poor offtake
[Business India]: Mumbai, Jan 4 - Prices of edible oils declined sharplyon the oils and oilseeds market here today due to poor offtake in the faceof fresh arrival.
US palm oil imports rise sharply due to impending
12/28/2004 BUSINESS TIMES - A NEW ruling on the labelling of foodproducts, scheduled to take effect on January 1 2006, may have promptedstrong purchases of Malaysian palm oil by the US in recent months.
MARKET TALK: Big Indonesia CPO Sales To Malaysia U
23/12/04 (Dow Jones)--Concerns rising CPO stocks in Indonesia may triggerheavy exports by producers there to Malaysia appear overdone, says traderin Singapore. Adds current Indonesian CPO export prices at $370/ton; afteradding freight charges, more expensive for Malaysian refiners to importraw material from Indonesia than to buy locally; therefore, no immediatelikelihood of influx of Indonesian CPO into Malaysia.
MARKET TALK: Brazil Soy Crop On Track; Bearish For
(Dow Jones)--Despite lower-than-usual rainfall, analysts still expectingBrazil's center-west to produce 30 million-32 million tons of soybeans incurrent season (up from 24.6 million last year); that suggests Brazil'spotential record crop this season still on track, which ultimately pointto bearish year ahead for edible oil prices.
MARKET TALK: China Palm Olein Stocks At 230,000 MT
23/12/04 (Dow Jones)--China domestic RBD palm olein market likely to stayunder pressure for awhile as stocks still rising, says Shanghai Pansun.Stocks at major ports swelled to around 230,000 tons this week amid weakdemand due to cold weather. Olein prices in China quoted aroundCNY4,450-CNY4,500 in most ports. Continued increase in stocks likely tokeep domestic prices under pressure, which in turn would limit Chineseimporters' fresh purchases from Malaysia, Indonesia, traders say.
