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News 26851 to News 26860 of about 28249 news within page 2686
26851. 13/02/2004
Kuala Lumpur, Feb. 13 (Dow Jones) - Asian cash palm oil prices weremixed Friday, with products in Malaysia mostly unchanged to slightly loweras participants await clearer market direction following recent sharpgains.Palm oil prices surged to five-year highs earlier this week, withcrude palm oil surpassing 1,900 ringgit ($1=MYR3.8) a metric ton.However, the market leveled off Friday as participants were uncertainover how much room was left for further gains."People have become a bit cautious after seeing the market go up somuch," a trader said.Traders said there was some buying interest in the cash market fromconsumers, particularly from Europe, late Thursday and early Friday."They came in earlier, but have since gone quiet. We're waiting to seewhether or not they will continue to buy," a trader said.Traders said keen consumer interest is necessary for the market tocontinue on its uptrend because so far, the rally has been largelytechnical in nature.They said they were still awaiting the return of buyers from China,one of the top two importers of edible oils.The Chinese government has set an import quota of 2.7 million tons for2004, up from 2.6 million in 2003."But up until now, the (import licenses) still haven't been issued yetto all the buyers," a trader said.Weaker soyoil futures at the Chicago Board of Trade Thursday alsosapped sentiment, keeping palm oil prices little changed.The March soyoil contract ended 46 points lower Thursday at 31.68cents a pound.In the cash market, crude palm oil for February shipment was offeredat MYR1,910/ton, up MYR5 from Thursday, delivered basis in South Malaysia.RBD palm oil for February and March shipment was offered at$522.50/ton, down $2.50 from Thursday.RBD palm olein for February and March shipment was offered at$532.50/ton, down $2.5 from Thursday.In Indonesia, RBD palm olein was offered at 4,750 rupiah ($1=IDR8,400)a kilogram, unchanged from Thursday.Traders said there were bids for CPO in Medan at IDR4,350/kg.Thursday, the government sold 1,000 tons of CPO at a semiweekly auctionfor as high as IDR4,427/kg.
26852. 13/02/2004
February 13 2004 (Business Times) - EARNINGS from the export of palm oiland related products are expected to reach RM30 billion this year, fromRM28 billion in 2003.
26853. 12/02/2004
JAKARTA, Feb 11 Asia Pulse - The price of crude palm oil (CPO) inIndonesia rose to Rp4,310 (US$0.51) per kg in auction yesterday fromRp4,204 last week.
26854. 09/02/2004
PHUKET, Thailand (AFP) - Asian foreign ministers salvaged a free tradedeal jeopardised by Bangladesh's sudden withdrawal, pledging to throw opentheir markets by abolishing tariffs before 2017, officials said.
26855. 09/02/2004
KUALA LUMPUR, Feb 6 (Bernama) -- Malaysia Derivatives Exchange Bhd (MDEX)will launch the crude palm kernel oil (CPKO) futures contract on Feb 20making it the second attempt to introduce CPKO futures in Malaysia.
26856. 09/02/2004
February 9 2004 - INDIA may cut its 70 per cent import duty on processedpalm oil to alleviate high domestic prices and provide relief toconsumers.
26857. 09/02/2004
Feb 5, 2004 - In the USA the severe tightness in soybean supplies and theneed to sharply cut soybean exports and crushings has created a verybullish scenario which should drive prices to new contract highs in themedium term.
26858. 06/02/2004
NEW DELHI, Feb 5 (Bernama) -- India's edible oil imports witnessed a surgeagain in January, after a slowdown in December last year, proving wrongall predictions that imports would come down following good oilseeds crop.
26859. 06/02/2004
JAKARTA, Feb 4 Asia Pulse - Plantation company PT Makin Group will investRp400 billion (US$47.6 million) to open 20,000 hectares of new oil palmplantations in East Kalimantan this year, a local official said.
26860. 06/02/2004
KUALA LUMPUR, (AFP) - Malaysia's exports in 2003 breached the 100billion-dollar mark for the first time, driving the trade surplus up 45.7percent year-on-year to a record high of 75.04 billion ringgit (19.75billion dollars).
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Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
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