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MPOC expects CPO prices to range from MYR4,400-MYR4,650/tonne in July as palm oil supply outlook tightens
Malaysian Palm Oil Futures Rebound on Stronger Edible Oils and Weak Ringgit
Palm Oil Surges as El Niño Fears and Biodiesel Boom Tighten Global Supply
Palm rises on bargain buying, high stocks cap gains
Soy prices rise on low supply, high demand; South
5/19/2004 - Trapped between increased demand and reduced supply, soybeanprices are setting highs for the decade. What sold last year for $5/bushelnow goes for $10 with new crop prices in the Midwest touching $8. Buyerswith sticker shock are looking for substitutes that do not easily existwhile farmers in soy zones are enjoying the boom and thinking that it willtake at least a year to rebalance supply and demand. With soy ingredientsenjoying increasing popularity, these new prices are touching an amazingarray of consumers.
Philippines' 04/05 Copra Prod Seen At 2.4 Mln MT
Chicago, May 10 (OsterDowJones) - The MY 2004/05 copra oilseed productionin the Philippines is forecast at 2.4 million metric tons, according toinformation from the U.S. Department of Agriculture's Foreign AgriculturalService web site, dated May 5 and released Monday.
Canadian 04/05 Oilseed Production Seen 10 Mln MT
Chicago, May 17 (OsterDowJones) - Total Canadian 2004/05 oilseedproduction is forecast to increase to 10.0 million metric tons from 8.9MMT in2003/04, according to information from the U.S. Department ofAgriculture'sForeign Agricultural Service web site, dated June 3 and released Friday.
Egypt's 2003-04 Oilseed Production Down 26%
Chicago, May 18 (OsterDowJones) - Egypt's total oilseed production in MY2003-04 decreased by about 26 percent due to a significant decrease incotton area. Oil meal consumption decreased by 15 percent in 2003 comparedto 2002,but vegetable oil consumption in 2003 increased by 14 percent due to asubstantial increase in palm oil imports, according to a U.S. Departmentof Agriculture attache report issued Tuesday and posted on the ForeignAgricultural Service Web site.
M'sia Able To Sustain High Palm Oil Prices Because
KUALA LUMPUR, May 18 (Bernama) -- Growing demand for palm oil will enableMalaysia to sustain high prices for the commodity, Plantation Industriesand Commodities minister, Datuk Peter Chin Fah Kui said Tuesday.
New information from the FDA clears up consumer co
ATLANTA, May 11 /PRNewswire/ -- The latest issue of FDA Consumer Magazine(March-April 2004) highlights the healthfulness of margarine products overbutter. Although the Food and Drug Administration (FDA) and other leadinghealth organizations such as the American Heart Association and theNational Cholesterol Education Program recommend soft margarine in placeof butter, there has been consumer confusion surrounding margarine'shealthfulness -- mainly due to the trans fat issue. According to the FDAConsumer Magazine, "To help sort it out, the agency has created a Web sitewith helpful background on trans fats and how to use the new labeling toplan a healthful diet."
PPB Oil Palms eyes more land purchases in Indonesi
Friday May 14, 2004PPB Oil Palms Bhd is eyeing the acquisition of an additional 30,000ha inIndonesia, especially in Central Kalimantan, this year as part of anongoing expansion of its oil palm plantation, said executive chairman TanYew Jin.
Proposed Scrapping Of a 15-percent Tariff on Palm
MANILA, May 19 Asia Pulse - Trade officials said the government willsupport the proposed scrapping of a 15-percent tariff on palm olein tostem the rising price of cooking oil. Department of Trade and IndustryUndersecretary Adrian Cristobal Jr. said the DTI is supporting a proposalfrom various industry groups to import pork, chicken, flour and palm oleina substitute for coconut oil to stabilize the price of these products inthe local market.
WHAT IS SOYBEAN RUST
