Berita Terkini

MARKET DEVELOPMENT
24-02-2004

India's Edible Oil Imports Fall By 8% In Nov-Oct

NEW DELHI, Feb 17 Asia Pulse - With a bumper oilseeds crop of around235,00,000 tonnes in the offing, India's edible oil imports have reportedan 8 per cent fall to 9,41,000 tonnes in November-October period from8,69,000 tonnes in the same period last year.

MARKET DEVELOPMENT
24-02-2004

More Firms Must Participate In New CPKO Market: Dr

KUALA LUMPUR, Feb 20 (Bernama) -- Primary Industries Minister Datuk SeriDr Lim Keng Yaik says he is pushing for more palm oil-based companiesespecially market makers to participate in the new Crude Palm Kernel Oil(CPKO) futures contract launched here Friday.

MARKET DEVELOPMENT
24-02-2004

Opportunities For Malaysian Businessmen In Banglad

DHAKA, Feb 18 (Bernama) -- Penang's Deputy Chief Minister Datuk Dr Hilmibin Yahya described his four-day visit to Bangladesh as fruitful and saidit would contribute positively to enhancing economic cooperation betweenthe two countries.

MARKET DEVELOPMENT
20-02-2004

Add value to palm oil to increase sales: Dr Lim

February 20 2004 - MALAYSIAN palm oil industry can increase the sales ofthe commodity by adding value to the product rather than selling it inbulk.

MARKET DEVELOPMENT
20-02-2004

Lim: Palm Oil Producers Urged To Form Consortium T

KUALA LUMPUR, Feb 19 (Bernama) -- Minister of Primary Industries, DatukSeri Dr Lim Keng Yaik urged palm oil producers to form a strong consortiumto "control" crude palm oil (CPO) prices in overseas market.

MARKET DEVELOPMENT
20-02-2004

Market makers secured for palm kernel oil futures

February 19 2004 - MALAYSIA Derivatives Exchange Bhd (MDEX) has securedfour big players in the palm oil industry as market makers for its palmkernel oil futures to be launched this Friday.

MARKET DEVELOPMENT
20-02-2004

Smallholdersâ€™ income rides on high prices

February 19 2004 - MALAYSIAâ€™S more than 100,000 oil palm smallholders haveseen their income increase following strong crude palm oil (CPO) prices oflate.

MARKET DEVELOPMENT
14-02-2004

Price of CPO heading toward RM2,000 a tonne

Friday February 13, 2004 - THE spot price of crude palm oil (CPO), whichtraded above RM1,900 per tonne yesterday, is expected to hit the magicfigure'' of RM2,000 very soon, going by the commodity's continued bullishperformance.

MARKET DEVELOPMENT
13-02-2004

Argentina's Soybean Prices End Lower As Bird Flu C

Buenos Aires, Feb. 12 (OsterDowJones) - Argentine soybean prices settledlower on Thursday on concern that recent bird flu problems elsewhere willgrow worse, leading to the destruction of more birds, which could dampendemand for the soybean products used to feed them, traders said. Soybeansfor immediately delivery sold for 675 pesos ($1=ARS2.93) per metric ton onThursday in Rosario, Argentina's main soybean port. This compares with 700pesos per ton a week earlier. On Thursday, officials in the U.S. State ofNew Jersey said bird flu, or avian influenza, had hit four live poultrymarkets. In addition, health authorities in Pennsylvania said they hadquarantined a poultry flock while they conduct tests to see if it has beeninfected. This news comes just days after outbreaks in Delaware ledofficials there to kill 80,000 birds to prevent the infection fromspreading elsewhere. While the U.S. bird flu problems are not as seriousas are bird flu outbreaks that have wreaked havoc in Asia, traders areconcerned that the problem will become worse and crimp demand for soybeanproducts. "The most serious factor in the market now is the bird fluproblem," said Federico Mircoli, a trader with the Buenos Aires-basedbrokerage Granos del Parana. "This has really hit soybean prices. We'veeven heard rumors that China may decrease its demand for soybeans thisyear by 18%. We have a negative panorama as far as news goes and this isaffecting prices."Meanwhile, forecasts for rainy weather in Argentina also helped topush prices down by allaying concern that dry weather could diminish localsoybean output this year, traders said. The U.S. Department of Agricultureestimates Argentina will produce a record 36.5 million tons of soybeans in2003-04. Of this, Argentina will likely export 11 million tons. Officialsat the Agriculture Secretariat have said Argentina probably will harvestbetween 35 million and 37 million tons of soy in 2003-04. As of Friday,farmers had planted more than 99% of the 2003-04 soybean crop, accordingto the Agriculture Secretariat. Area is seen at 13.85 million hectares,compared with 12.6 million a year ago. Argentina is the world's No. 3 soyproducer, behind Brazil and the U.S. Most of Argentina's soybeanproduction is converted into meal and oil, making it the No. 1 exporter ofthese products.

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