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Palm rises on bargain buying, high stocks cap gains
Malaysia raises August crude palm oil reference price, duty remains at 10%
Stronger demand underpins CPO price
CPO prices seen between RM4,400-RM4,650 per tonne in August - MPOC
EIU oilseeds forecast: Demand weak from China, Ind
EIU ViewsWire World -- 06/21/04 - There has been an unexpected reductionin demand for soybeans, principally as a result of developments in China.The Chinese government has taken a number of measures to cool the rate ofeconomic growth, with the result that margins for crushers have becomepoor. Consequently, contracts have been cancelled and this has led toreduced expectations of import levels during the remainder of the 2003/04(October-September) season. There has also been some tightening of importregulations, which has acted as a further brake on import volumes. Smallvolumes of imports are expected during the third quarter of 2004, althoughmost observers anticipate that imports will again pick up during the lastquarter of 2004.
M'sian Palm Oil Price Likely To Be Higher
PETALING JAYA, June 22 (Bernama) -- Malaysian palm oil price is expectedto be higher due to the possible shortage in production of the commodity,Malaysian Palm Oil Association (MPOA) chief executive officer M.R.Chandran said.
North Korea Keen On Buying More Palm Oil From Mala
KUALA LUMPUR, June 22 (Bernama) -- North Korea is keen on having a countertrade arrangement with Malaysia in its quest to buy more palm oil from thecountry.
Poram head: Produce good quality CPO
23/6/04 - PALM Oil Refiners Association of Malaysia (Poram) chairman ErKok Leong has called on industry players to produce good quality crudepalm oil (CPO), as this is imperative for the production of good qualityfinished palm products.
Sindora beefs up oil palm division
23/6/04 - SINDORA Bhd is reducing its dependency on the timber-relatedbusiness by further developing its oil palm business division.
Thai Agriculture Ministry gives major push to palm
BANGKOK POST 21/6/2004- Despite an earlier plan to expand areas used forgrowing rubber by a million rai, the Agriculture Ministry yesterdayannounced a scheme to increase oil palm cultivation from two to 10 millionrai within 25 years. This would involve areas of land that are currentlybeing used to produce rubber.
Malaysia to export more CPO to Russia, Poland
Monday June 21, 2004 - MALAYSIA hopes to sell up to 600,000 tonnes ofcrude palm oil (CPO) to emerging markets in Russia and Poland in the nextfew years, according to Malaysian Palm Oil Association (MPOA) chairmanSabri Ahmad.
CPO prices may rebound to RM2,000 by year-end
June 18 2004 - CRUDE palm oil (CPO) prices may rebound to RM2,000 a tonneby year-end, due to good demand globally and low stockpile of the world’sother 16 edible oils.
Felda aims to be global industry benchmark
Jun 18 2004 - FELDA'S highly diversified palm oil related businesses arepoised to be the benchmark for those in the global palm oil industry, saidgroup chairman Tan Sri Dr Mohd Yusof Noor.
