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News 26141 to News 26150 of about 27389 news within page 2615
26141. 25/08/2003
   
PUTRAJAYA, Aug 25 (Bernama) -- Malaysia on Monday called for bettercooperation with Indonesia on palm oil for their mutual benefit in theindustry as both are the largest producers of palm oil in the world.
26142. 25/08/2003
   
HAMBURG (August 20 2003) : The global 2003/04 rapeseed crop will be muchsmaller than expected at 36.28 million tonnes, up 3.8 million tonnes fromlast season, Hamburg-based newsletter Oil World said.
26143. 25/08/2003
   
22/8/2003 - PALM oil prices are expected to hover above RM1,300 a tonneuntil year-end as a result of strong demand from Europe and India.
26144. 25/08/2003
   
PUTRAJAYA, Aug 25 (Bernama) -- The five-day biennial International PalmOil Congress (PIPOC) 2003 at Putrajaya Marriot Hotel would officially takeoff this morning with a key note address by Primary Industries MinisterDatuk Seri Dr Lim Keng Yaik.
26145. 25/08/2003
   
22/8/2003 - PALM oil producers, buyers and non-governmental organisationsare working towards establishing a common stand in promoting thesustainable production of palm oil.
26146. 25/08/2003
   
August 23 2003 - INTERNATIONAL palm oil players consisting of producers,buyers and non-governmental organisations (NGOs) have pledged theircooperation towards establishing a common stand in promoting sustainableproduction of palm oil.
26147. 25/08/2003
   
KUALA LUMPUR, Aug 22 (Bernama) - A record number of 1,430 participantsfrom 45 countries have signed up for the five-day biennial InternationalPalm Oil Congress (PIPOC) 2003 to be held in Putrajaya for the first timebeginning Sunday.
26148. 25/08/2003
   
KARACHI (August 20 2003) : The scheme of palm tree plantation launchedrecently to reduce the burden of heavy imports of palm and other edibleoils has practically failed to reduce the vegetable oil import bill.
26149. 25/08/2003
   
August 19 2003 - PALM oil smallholders, including those managed underagencies like Federal Land Consolidation and Rehabilitation Authority,Federal Land Development Authority and Rubber Industry SmallholdersDevelopment Authority, should increase their productivity or risk losingtheir sales to Indonesian producers.
26150. 19/08/2003
   
KUALA LUMPUR, Aug 19 (Reuters) - China's cooking-oil inventories havestarted to build up, sending signals to local importers to curb imports asprofit margins shrink, traders said on Tuesday.In China's booming southern city of Guangzhou, for instance, stocks ofRBD palm olein were estimated at 15,000 tonnes, up from a normal 10,000tonnes a month earlier due to steady arrivals of cooking oil from mainproducers Malaysia and Indonesia, they said.China, one of the world's largest edible-oil consumers, has been anactive palm-oil buyer in the past few months as local importers havereplenished stocks ahead of the Mid-Autumn festival in September. Sometraders believed the Chinese market was a bit overbought."We are offering olein at 4,920 yuan ($594.42) a tonne but it will godown. The inventories in Guangzhou are too high. It's about 15,000tonnes," said one trader in China."People bought a lot of oil last month because the margins were huge at250 yuan a tonne. But cargoes keep arriving and the margins have gone downto between 50 and 150 yuan this month," he added.Kuala Lumpur freight brokers said China's shipment bookings forMalaysian/Indonesian palm oil for August were estimated at between 300,000and 350,000 tonnes. China bought 305,042 tonnes of Malaysian palm oil inJuly, according to cargo surveyor SGS."I reckon China's shipment booking for August is still quite healthy.September will be a scary month... I mean their imports will be damn slowbecause I heard there's no margin anymore in China," said one freightbroker.Some traders said China's imports in September could fall to 250,000tonnes, adding that consumers would avoid using RBD palm olein duringwinter because it solidifies."China imports in October will drop a lot. There's a rush in importsahead of the Mid-Autumn festival but I think local demand has started toweaken," said the trader in China.Traders said India, the world's largest edible-oil consumer, alsoshowed signs of slowing down. India buys palm oil from Malaysia andIndonesia."Shipment booking for August may reach 300,000 to 350,000 tonnes, but Idon't expect India to take more than 300,000 tonnes in September becausethe carotenoid issue is not resolved yet," said one trader.But traders said India's soyoil imports were seen steady at 200,000tonnes in August. Rival soyoil commands a premium of around $60 a tonne topalm oil.India has said imports of crude palm oil and crude olein must now havean acid value of two percent and a carotenoid value of 500 to 2,500milligrams per kg. Carotenoids are pigments found in plants.Traders said carotenoid content in Malaysian/Indonesian crude palm oiland crude olein was mostly below 500 milligrams per kg. This has forcedIndian importers to switch to refined products such as olein or refrainingfrom taking fresh positions.
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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