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News 26101 to News 26110 of about 27769 news within page 2611
26101. 03/08/2004
02/08/04 LONDON (Dow Jones)--Encouraging harvest news for EuropeanUnion 2004-05 rapeseed production with high yields and promising qualityand lack of third country export opportunities has seen rapeseed futuresprices on the French Matif plummet over the past three sessions, whileprice outlook for the 2004- 05 marketing year is gloomy, sources said.The Matif rapeseed Nov contract fell to a low of EUR210 a metric tonMonday morning, down EUR14.25 since July 29.The descent is due to a rebound to average to good output levels forthe E.U. to 13.176 million tons, up 20% on 2003-04, when rapeseed outputtotaled only 10.980 million tons due to drought, according to E.U.agricultural lobby organization Coceral.Now yields in Germany, the E.U.'s largest rapeseed producer, haverecovered to around 40 tons per hectare, with some places reporting evenyields of up to 50 tons/ha. "Germany's harvest looks like it's going to bea record one," a trader said.The German farmers' association Bauernverband was more cautious:"Yields are average to good, but differentiated regionally. You need toremember that we've had not one but two bad years for rapeseed, so to makea more correct assessment one needs to make a omparison with results fromthree years ago," she said.In Germany, growing conditions have been markedly better during thiscampaign, even though persistent rain has caused some pods to pop open,she said.In 2001-02, Germany produced 4.16 million tons of rapeseed, while for2004-05, production is expected to reach 4.349 million tons, Coceralsaid. France, the E.U.'s second largest producer with an estimatedoutput of 3.609 million tons for 2004-05, up from 3.324 million tons lastyear according to Coceral, has seen yields of 34 tons/ha, up from 30.8ton/ha, so that some analysts peg production at more than 3.7 milliontons.Higher production levels are likely to inflate end stocks due to lackof export demand from third countries such as Japan and India, whichunderpinned E.U. rapeseed prices in the past.This is due to the historically strong euro, so that most trades willonly be on an intra-E.U. level, traders said, with added price pressurefrom accession countries such as Poland, where rapeseed output is expectedto increase sharply by between 45% and 63% to around 1.25 million tons,according to recent Polish government data."Expect a total price plunge for 2004-05, while we're totallydependent on the rise and fall of soy prices on the U.S. market. The onlyimprovement I can see is through a rise in prices on there," a tradersaid.A rise in rapeseed use for production of biodiesel may offer somesupport but farmers are allowed to plant rapeseed on set-aside areas fornon-human consumption, curbing inroads for surplus rapeseed production.Further, oil crushers are seen covered for the next three to fourmonths, and are likely to keep fresh buying to a minimum in theexpectation of falling prices.Farmers on the other hand are usually keen to sell rapeseed soon afterthe harvest, as it is harder to store than a drier crop such as wheat,sources said.
26102. 03/08/2004
JAKARTA, Aug 2 Asia Pulse - The export of Indonesia's crude palm oil (CPO)to India, one of the largest importers for the commodity, has decreaseddue to its lower betacarotene content, a businessman said.
26103. 02/08/2004
KUALA LUMPUR, July 31 (Reuters) - Malaysian oil palm product exportsfor July stood at 1,098,057 tonnes, up 14.2 percent from the 961,936tonnes shipped in June, cargo surveyor Intertek Testing Services said in ashipment estimate released on Saturday.Another cargo surveyor, Societe Generale Surveillance Malaysia Sdn Bhd(SGS), whose figures are more closely watched by the market, is due torelease its export estimates for July on Monday.
26104. 02/08/2004
NEW DELHI (Dow Jones)--Despite concerns about a possible drought thisyear, damage to India's oilseed crop may be limited as monsoon rains haverevived in oilseed growing regions, a senior industry official told DowJones Newswires."The last few days have put the smile back on the faces of oilseedfarmers, as rains in Maharashtra and Gujarat may prevent a furtherreduction in crop size," said B.V. Mehta, executive director of SolventExtractors' Association of India, a lobby group of oil mills.India's summer sown oilseed crop, sown in June and July and harvestedin September, depends entirely on the June-September monsoon rains forsustenance. Groundnut and soybean are the two main oilseeds sown insummer.Monsoon rains started in the last week of May this year, ahead of theusual June 1 start date for India, but the rains tapered off in earlyJuly, leading to concerns of a drought in many parts of the country andlower farm output. Both the groundnut and soybean crops were affected byscanty rains in the first 20 days of July.Farmers who planted oilseed crops in early June watched helplessly astheir crops dried up, while those who were planning to sow later, couldn'tdo so for most of July.Monsoon rains have, however, revived in the oilseeds growing areas ofwestern and central India for the past three to four days and weatherdepartment officials have said the rains will continue for another threeto four days.
26105. 02/08/2004
1/8/04 (Business Line - India) - MALAYSIAN crude palm oil futures on MDEXclosed lower on Friday due to persistent weakness in CBOT soya oil valuesand absence of any crucial leads, which lead to weekend liquidation ofpositions.
26106. 02/08/2004
MANILA (Dow Jones)--World coconut oil prices fell sharply this week onimproved copra supply and the bearish influence of the soy and palm oilmarkets.Manila-based traders quoted coconut oil for August/September deliveryat $615-$620 a metric ton, CIF Rotterdam, while September/October deliverywas offered at $605/ton. These prices are lower by $40 to $50/ton fromprices quoted a week ago."Farmers are now coming out with their copra, and reports of copraturnover have caused export prices to fall," one trader said.The peak harvest period for copra starts in the third quarter.Traders said bearish sentiment in the soyoil market, courtesy of agood soybean crop in the U.S. and robust palm oil supply in Malaysia,added to the pressure on coconut oil prices.The downward trend in coconut oil prices may continue next weekalthough the downside will be limited by an overall decline in coprasupply this year, another trader said.Copra production is projected to reach 2.4 million tons this year,down from last year's 2.5 million tons. The projected decline in output isattributed to biological stress of coconut trees following several yearsof bountiful harvests.The country's coconut oil exports in July are expected to reach 62,700metric tons, up 30% from June on an improvement in the supply of copra.The Philippines is the world's biggest exporter of coconut oil,averaging 1 million tons a year.
26107. 31/07/2004
Friday July 30, 2004 - THE aggressive sell-down of crude palm oil (CPO) inrecent times, leading to a drop of more than 20% in CPO prices, was mainlysentiment driven by fears of a China slowdown, said AmResearch Sdn Bhd.
26108. 31/07/2004
Tuesday July 27, 2004 - MALAYSIA’S efforts to counter the smear campaignagainst palm oil and its promotion on the nutritional value of thecommodity among consumers in Europe have borne fruit.
26109. 31/07/2004
NEW DELHI, July 30 (Reuters) - India's monsoon rains, vital for thefarm-dependent economy, have been below normal so far but the forecast isgood for the rest of the four-month season barring the largely drynorthwest, officials said on Friday.A weather official told Reuters the crucial June-September monsoon wasnearly 15 percent below normal in the first two months of the season,while in the northwest it was 28.5 percent below normal.A senior India Meteorological Department official, M. Rajeevan, saidwhile July was bad, a low pressure system was bringing good rains to theoilseed-growing central and western regions.He said rains in July, vital for the flowering of crops, were 20percent below normal with the week ended July 28 registering 39 percentless than normal rains.The IMD had forecast this year's monsoon rains to be 100 percent of thelong-period average, but rains in large parts of the country have beenerratic.But officials said the situation was not likely to be as bad as 2002when the country suffered its worst drought in 15 years. "This year we arenot as bad as 2002 when we got only half of the rainfall in July,"Rajeevan said."The second half of the season is likely to be far better than thefirst half," he said. "But it is not clear if this system will bring goodrains to the north."Rajeevan said rainfall activity was expected sustain, at least untilmid-August, over central and western India. "After that we will have tosee if another low pressure system is formed and it brings rains to thenorth."Indian shares rose higher in early trade on Friday as investors wereencouraged by the improved monsoon outlook and firmer global indices.CAUSE FOR CONCERNNearly 60 percent of India's billion-plus population depend on the farmsector to earn a livelihood and bad rains wipe out their incomes which iscrucial for industrial growth.A finance ministry official said on Thursday deficient rains in someparts, mainly in the desert state of Rajasthan and the cotton andoilseed-growing industrially-rich western state of Gujarat, were a causeof concern for the economy.States in the rice and cotton growing northwestern region are facing adrought-like situation. Groundnut and soybean, the season's main oilseedcrops, have also been hit by erratic rains in the key central and westernregions.The federal food ministry has planned better stocking of grains indrought-affected states on a priority basis.Food Secretary S.K. Tuteja has asked the Food Corporation of India(FCI) to maintain a minimum stock for three months in the states of AndhraPradesh, Maharashtra, Madhya Pradesh and Rajasthan.Officials said there was no shortage of grains and the government hadenough stocks to tide over the situation.On July 1, India had grain stocks of 29.9 million tonnes comprising19.15 million tonnes of wheat and 10.76 million tonnes of rice, well abovethe buffer norm of 24.3 million tonnes of grains.Analysts expect the Indian economy to grow slower than earlierexpectation of 7 percent in 2004/05 (April-March) due to the poor monsoonrains and high oil prices. It grew at 8.2 percent in the previous year,the fastest in nearly 15 years.(Additional reporting by Atul Prakash in BOMBAY and Hari Ramachandran inNEW DELHI)((Editing by Sugita Katyal; Reuters
26110. 31/07/2004
LANGKAWI, July 30 (Bernama) -- The sweat and toil of Malaysia's landsettlers took centrestage as Datuk Seri Najib Tun Razak narrated Fridayefforts to eradicate poverty to mostly African guests attending theLangkawi International Dialogue (LID).
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