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Palm oil under near-term pressure as rising stocks outweigh El Niño fears
Palm retreats from 21-month high on stock outlook, weak exports
CPO Futures Close Lower On Weaker Soybean Oil Prices
Palm oil falls to 11-week low on weak exports, rising output
WEST MALAYSIA / SUMATRA PALM OIL FREIGHT RATES
Following are freight rates provided by shipping brokers.
INDONESIA MIGHT CUT PALM OIL EXPORT DUTY
Indonesia said it might cut its export taxes on palm oil this month inorder to boost exports.
MALAYSIA JAN PALM OIL OUTPUT SEEN DOWN AT 915,000
Malaysia's palm oil output is expected to fall to 910,000 - 915,000 tonnesin January from 943,000 tonnes in December, private crop forecaster IvanWong said on Friday.
NEED TO JOIN HANDS
According to Industry Official, Malaysia and Indonesia, the world's mainpalm oil producers, are hoping to cooperate to boost prices and to easetension that has arisen as they battle for market share.
CHINA, P.R : 1ST BATCH PALM OIL IMPORT QUOTAS FO
Chinese trade sources reported that the Government had issued its firstbatch of palm oil import quotas for 2001 amounting to 600,000 tonnes on Tuesday (16/1/2001).
NIGERIA SEEKS MALAYSIAN AGRICULTURAL SECTOR'S HELP
The Nigerian Regional Government was seeking a partnership deal withMalaysian to help bolster its agricultural sector.
PHILIPPINE 2001 COCONUT OIL OUTPUT SEEN HIGHER
According to the United Coconut Association of the Philippines Inc.(UCAP), the country's coconut oil output in 2001 will probably rise by 4.4% to 2.59 million tonnes in copra terms from the estimated 2.48 milliontonnes in 2000.
Spike in production cost leads to rise in prices
Its president Tan Chee Hee said the prices of raw materials such as corn and soybeans had increased between 50% and 80%.
