Exact word Contain word      |     Advanced Search
   
News 25491 to News 25500 of about 27240 news within page 2550
25491. 19/08/2004
   
BUENOS AIRES (Dow Jones)--Argentina exported 284,578 metric tons ofsoyoil in June, or 31% less than the 425,438 tons exported during the samemonth in 2003, the Agriculture Secretariat reported Tuesday.Exports fell as sales to China and India plummeted in June.China, the top buyer of Argentine soyoil, imported 57,100 tons inJune, down 66% from 167,824 a year earlier.Venezuela ranked second in June, accounting for 51,547 tons comparedwith just 9,985 tons a year earlier.India was third with 46,050 tons against 115,544 the previous year.In the first six months of 2004, Argentina exported 2,041,770 tons ofsoyoil, compared with 1,995,144 during the same period a year ago.
25492. 19/08/2004
   
Wednesday August 18, 2004 - PETALING JAYA: The Selangor Government willdirect the Department of Environment (DOE) to check on palm oil millslocated along Sungai Selangor which are suspected of illegally dischargingeffluents into the river.
25493. 19/08/2004
   
8/18/04, INDIA(Oilmandi) - The import of edible oil in the third quarter(May-July) of the current oil year (November 2003 to October 2004) fell 51per cent to 880,045 tonne compared with 1,778,736 tonne in thecorresponding period last year, according to the Solvent ExtractorsAssociation of India (SEA).
25494. 19/08/2004
   
8/18/04 (Oilmandi) - Malaysian crude palm oil rose on Tuesday asspeculators returned to lift the market from lows caused by a drop inprices of rival Chicago soya oil. The benchmark third-month palm oilcontract on the Malaysia Derivatives Exchange, November, closed up 16ringgit at the day’s high of 1,477 ringgit ($388.68) a tonne.
25495. 19/08/2004
   
BALI, Indonesia (Dow Jones)--The world's largest soybean producer, theU.S., will likely harvest 2.85 billion bushels of soybeans in the 2004-05crop year, much lower than a forecast last week by the U.S. Department ofAgriculture at 2.88 billion bushes, said Emily French, vice president ofthe Washington, D.C.-based private research firm, Worldperspectives Inc.Speaking to Dow Jones Newswires on the sidelines of the third EastAsia-U.S Agricultural Co-operators' Conference, French said she expectsChina, the world's largest soybean buyer, to import only around 18 millionmetric tons this year, despite a more bullish USDA estimate of more than20 million tons."We see the Chinese demand is not as large as the USDA figure. AndChinese buying will probably have to wait until the whole trading defaultissue is cleaned up, buyers and sellers settle on new contract termsetc.," said French.Earlier in the year, several international trading houses accusedChinese buyers of trying to cancel cargos booked at higher prices,following a sharp drop in the market in the subsequent months.In the corn market, French said the new U.S. crop is likely to reach10.65 billion bushels, much smaller than the USDA's earlier projection ofa record high 10.92 billion bushels."What the USDA projected was probably the best-case scenario, while Isee more downside risk to that number," said French.But China is going to be a net corn importer as early as the firsthalf of 2005 with the country's estimated stocks-to-use ratio dipping to18%, based on USDA figures, French said.The stocks-to-use ratio represents the end-of-the-year stocks as apercentage of full-year consumption."In a mere six years, China has seen that ratio go down from 108% toan estimated 18% at the end of April 2005," French said.
25496. 18/08/2004
   
KUALA LUMPUR (Dow Jones)--Asian cash palm oil prices were mostlyunchanged Tuesday with trading interest in the Malaysian market stayingsluggish as participants wait for clearer price direction.Traders said market players are also waiting for news on India, wherethere has been talk of further crop damage due to weather problems andspeculation of a potential reduction in import duties."There been no trading done so far in the day. People are justwatching the (futures market) where one big player seems to want to pushit higher. As for India, there's been a lot of rumors, but so farstill no confirmation about anything," a trader said.At 0746 GMT, the benchmark November CPO contract was at 1,461 ringgit($1=MYR3.8) a metric ton, unchanged from Monday.The contract surged in the last few minutes of trading Monday.Participants prefer to wait on the sidelines Tuesday as they are wary ofanother bout of late speculative buying, traders said.Traders said a national holiday in Indonesia also sapped tradinginterest.Traders said price direction was uncertain as the market is now at aperiod when external factors such as developments in India and weatherconditions in the U.S. soybean belt have a major bearing.In recent days, there has been renewed concerns about damage toIndia's oilseed crop caused by poor weather.In July, a lack of rainfall fueled expectations the oilseed crop,which is harvested in September, would be lower this year.Rains have revived this month. However, there are now concerns of toomuch rain and flooding in several key oilseed growing regions, traderssaid.Rumors have also surfaced in recent days that the government may beplanning to reduce import duties on edible oils as part of efforts to steminflation.So far, there has been on confirmation from the government.In the cash market, CPO for August shipment was offered at 1,500ringgit ($1=MYR3.8) a ton, unchanged from Monday, delivered basis in SouthMalaysia.RBD palm olein for September shipment was offered at $430/ton,unchanged from Monday.RBD palm oil for September shipment was at $420/ton, also unchanged.
25497. 18/08/2004
   
14/08/04, CHINA (foodchina.com) - The current overall edible oil markethas been oversupplied and the imports of edible oil have increased greatlyin the first half-year. According to customs statistics, China imported1.3783 million tons of soyoil in the first half-year, up 173.15%, and219,500 tons of rapeseed, up 483%. China imported 1.086 million tons ofpalm oil in January-April, up 38%. Moreover, China’ crushing capacity hasincreased greatly, increasing the supply. At present, the edible oilstocks of most crushers have been sufficient while traders are trying tokeep the low stocks. Moreover, as the new standard of edible oils will beimplemented from October 1, some unqualified edible oils will be bannedfrom selling on the market. Some crushers are lowering the prices in aneffort to clean the stocks and the prices of edible oils of small packagehave the trend to drop for promotion.
25498. 18/08/2004
   
17/08/04, KUALA LUMPUR (Dow Jones)--The Indian government is unlikelyto revise palm oil import duties anytime this year, despite recentspeculation of a possible reduction in the duties, a senior industryofficial said Tuesday.I.R. Mehra, executive director of the Indian Vanaspati Producers'Association, said he doesn't expect the government to announce a change inimport duties for palm oil barely one month after it had unveiled itsbudget."There is going to be no change in the duty structure because thebudget is already over," he said.This year's budget was presented by India's new government in mid-Julyand featured a hike in refined palm oil duties to 75% from 70% previously.However, there have been rumors in recent days that the governmentmight cut import duties on a range of commodities, including edible oils,as part of efforts to curb rising inflation."There has been some talk that duties should be lowered on importsbecause prices are going up. But the government is not amenable to that.They feel it is OK and prices are within reasonable levels," Mehra said.Any revision in duties would only be likely in February 2005, when thegovernment is scheduled to present its next budget, he said.Rumors of a potential reduction in import duties has helped supportpalm oil prices in the past few days.At 0750 GMT, the benchmark November CPO contract was at 1,461 ringgit($1=MYR3.8) a metric ton, unchanged from Monday's close.
25499. 18/08/2004
   
8/17/04, INDIA (Oilmandi) - India is the world's largest consumer ofedible oils, importing approximately 50 per cent of its requirement. Until2003, higher import duties on refined edible oils hiked the prices ofimported products to a higher level than the domestic product. While thesubsequent scaled-qdown import duties on palm oil saw a surge in importsin June 2003, the duty on crude palm oil remained unchanged. This and thedifferential excise duties on edible oils are anomalies to be rectified ifconsumers' and industry's interests are to be protected.
25500. 18/08/2004
   
8/17/04, INDIA(Oilmandi) - Downward revision of import tariff on edibleoil and resolving caratenoid issue for import of crude palm oil can helplower the prices of edible oils, thereby easing the rising inflation rate.Edible oils have high weightage in wholesale price index (WPI).
[ first ]    [ prev ]    [2545]   [2546]   [2547]   [2548]   [2549]    2550  [2551]   [2552]   [2553]   [2554]   [2555]    [ next ]      [ last ]

ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7803 5544 || Fax : 603 - 7803 3533