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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Palm rises on bargain buying, high stocks cap gains
Malaysia raises August crude palm oil reference price, duty remains at 10%
CPO prices seen between RM4,400-RM4,650 per tonne in August - MPOC
Indonesia's Sawit Mas Signs US$1.8 BLN Contract
JAKARTA, Oct 18 Asia Pulse - Sawit Mas Group has signed with Procter &Gamble Chemicals a US$1.8 billion oleochemical sales contract, the secondbetween the two sides after one valued at US$200 million signed in Januarythis year.
M'sia To Lessen Crude Oil Dependence
KUALA LUMPUR, Oct 18 (Bernama) -- Prime Minister Datuk Seri Abdullah AhmadBadawi Monday said that the government would look into ways to lessen thecountry's dependence on crude oil and this includes increasing the use ofnatural gas vehicles in public transportation, encouraging the developmentof renewable energy, using palm oil as biofuel and increasing energyefficiency.
Malaysia Cash Palm Oil Dn; Olein Above $400
10/18/04 Oilmandi - Malaysian cash palm oil prices lower in slow trading,but RBD palm olein still above key $400/MT psychological level. Oct RBDpalm olein offered at $420, down $2.5, while Jan olein offered unchangedat $402.50. Prices have held current levels several times this year andhave rebounded, but chances of another recovery not as strong this time,trader in Singapore says; "I'm beginning to doubt whether we can reboundagain because of the external situation. Soyoil is weak and the Dalianexchange in China is also down;" adds slow consumer demand also pressuringprices. (BEL)
Palm Oil Unlikely To Reach Premium To Soyoil
10/18/04 Oilmandi - RBD palm olein discount to soyoil around $60-$70/MT,half levels witnessed earlier in year. Palm oil was at premium to soyoilon occasion in 1990s, but traders say little chance of repeat; unfavorablyhigh import duties for palm oil in major consumer India requires palm oilto maintain discount to stay attractive, traders say. "If palm oil doesever trade at a premium, it won't last. People will be selling palm andbuying soybean oil," trader says.
Steps To Curb Increasing Palm Oil Imports To Sri L
COLOMBO, Oct 18 (Bernama) -- Sri Lanka's Plantation Ministry is planningto impose a tax on all palm oil products in the forthcoming budget in aneffort to curb increasing palm oil imports.
Import tax proposed on all palm oil products
(Daily News) Sri Lanka - Oct 17 1:20 PM - The Plantation Ministry hasproposed the imposition of an import tax on all palm oil products in nextyear's budget with a view to control the increasing flow of palm oil intothe country.
Manufactured firelog company develops natural prod
U.S. (The Record) Oct. 14--Duraflame Inc. has reinvented the log.
Palm oil plantations to boost villagers’ income in
BANGKOK, Oct 17 (TNA) - The government plans to invest nearly a hundredmillion baht into convert ing deserted farmland in the South into palm oilplantations.
RM300 Special Payment To Felda Settlers For Raya
KUALA LUMPUR, Oct 15 (Bernama) -- Felda will give RM300 in special paymentto 112,775 settlers country-wide for Hari Raya Aidilfitri and New Year,its chairman, Tan Sri Dr Mohamed Yusof Noor, said Friday.
