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News 27871 to News 27880 of about 29706 news within page 2788
27871. 16/09/2004
15/09/04 JAKARTA (Dow Jones)--Indonesia is expected to produce more than12 million metric tons of crude palm oil in 2005, Agriculture MinisterBungaran Saragih told reporters Wednesday.Bungaran said that by next year, Indonesia will be able to match themight of Malaysia, the number one producer of palm oil in the world now."The area under (oil palm) cultivation has gone up to 4.6 millionhectares from around 2.3 million hectares in 1999," he said, addinginvestor interest in oil palm has been high because of lucrative prices ofthe commodity. In comparison, Malaysia had around 3.8 million hectares ofoil palm at the end of last year."The farmers and investors responded well by using their own money toinvest in plantations" without the government providing any incentives forinvestment, Bungaran said.He said the country is on track to produce an estimated 11 milliontons of crude palm oil this year. According to estimates from theIndonesian Palm Oil Producers Association, or Gapki, Indonesia produced9.9 million tons of palm oil in 2003."In 2005 we can match Malaysia. Production could be more than 12million tons," Bungaran said.Private forecasts have pegged Indonesian palm oil exports around 6.5million tons this year.He said there are now six companies supplying high quality oilpalmseeds to farmers as against just three companies earlier.
27872. 16/09/2004
JAKARTA, Sept 15 Asia Pulse - State-run Board of Logistics (Bulog) saidpayment of US$192 million for a number of Russian jet fighters Shukoi andother military hardware will be fully settled next month.
27873. 15/09/2004
10/09/04 - The procurements of imported soyoil by China for shipmentsafter October have remained at low level and no new contracts have beensigned according to the new standard, so the imports will drop to a lowlevel in October-November. The demand for grade 2 soyoil and rapeseed oilhas declined in China, the increases in prices since early September havestopped and it is forecast the price is difficult to rise greatly beforethe Mid-autumn Festival and the National Day. The domestic demand for palmoil has declined rapidly as the temperature has dropped greatly in NorthChina, making the prices drop continuously, and the current palm oilimports have reduce.
27874. 15/09/2004
MUMBAI, SEPT 12: The Global Agriculture Information Network (GAIN) of theUS Department of Agriculture in its fresh estimates of the worldagriculture production has revised global wheat production upwards. India’s soybean area has been revised upward as the largest producing state,Madhya Pradesh, has reported maximum sowing till date.
27875. 15/09/2004
NEW DELHI, Sept 14 Asia Pulse - Vanaspati (vegetable ghee) and vegetableoils industry on Monday demanded immediate change in import regime for"crude" palm oils (CPO) saying that a massive 95 per cent of the importswere being subjected to a 10 per cent higher customs tariff after beingcategorised as "refined".
27876. 15/09/2004
TEHRAN, Sept 14 (Bernama) -- Iran may one day become one of the biggestimporters of Malaysian palm oil among West Asian countries.
27877. 15/09/2004
9/14/2004 - Feeding the Growth in Aquaculture to 2015: The Scope for NovelNutritional Products is the first comprehensive study to link the growthin fish production and demand to global and regional opportunities forformulated feed, vegetable proteins, vegetable oils and feed additives inthe aquafeed industry.
27878. 15/09/2004
SHARJAH, Sept 14 Asia Pulse - Indonesia is likely to lose 50 percent ofits export potential valued between US$140 million and US$160 million toNigeria following the latter's ban on the import of 41 commodities, atrade official said.
27879. 14/09/2004
KUALA LUMPUR (Dow Jones)--Asian cash palm oil prices were steadyMonday, with products in Malaysia moving higher amid positive marketsentiment following the release of bullish supply and demand figures.Friday, cargo surveyors SGS (Malaysia) Bhd and Intertek TestingServices issued export estimates that were well above market expectations.The friendly export data were followed by another bullish reportMonday from the Malaysian Palm Oil Board, which said palm oil stocks fellin August, contrary to expectations of an increase.So far, the rise in palm oil prices has been modest, as profit takingby long position holders in the futures market has capped gains.However, some traders said they expect palm oil prices to hold steadyand gradually move higher in the coming weeks because there was still keendemand from consumers."In the cash market, the buyers are there. They are just waiting forthe right time to come in," a trader said."One thing is for sure - the market isn't going to move downwards,given the kind of figures we've had."At 0754 GMT, the benchmark November CPO contract on the Bursa MalaysiaDerivatives was at 1,498 ringgit ($1=MYR3.8) a metric ton, up MYR6 fromFriday.Earlier Monday, the MPOB said Malaysian palm oil exports in Augustrose 9.4% on month to 1.22 million tons.The MPOB said August palm oil output rose 3.8% on month to 1.32million tons, while end-August stocks fell 2.7% on month to 1.26 milliontons.The figures were considered friendly, as market players were expectinga rise in stocks.Private forecaster Palmis Management Bhd. had estimated end-Auguststocks at 1.305 million tons.The MPOB report came on the heels of estimates released Friday byIntertek and SGS which showed exports growing by nearly 50% on month toaround 450,000 to 470,000 tons in the Sept. 1-10 period.The estimates were well above market expectations of around 400,000tons.In the cash market, crude palm oil for September shipment was atMYR1,590/ton, up MYR5 from Friday, delivered basis in South Malaysia.RBD palm olein for September shipment was offered at $457.50/ton, up$2.50 from Friday.RBD palm oil for September shipment was offered at $447.50/ton, alsoup $2.50 from Friday.Prices weren't available for Indonesia because of a national holiday.Trading resumes Tuesday.
27880. 14/09/2004
13/09/04 BEIJING (Dow Jones)--China imported 12.5 million metric tonsof soybeans from January to August this year, down 15.1% on year, XinhuaNews Agency reported Monday, citing customs figures.Imports of edible oils totaled 4.49 million tons in the first eightmonths, up 43.4% on year, the report said.The report didn't give any explanation for the fall in soybean importsor rise in vegetable oil imports, but said China's demand for rawmaterials is rising.
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