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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

05/04/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Dow Jones

CATEGORY

HEADLINE

MARKET TALK
4/4/05Oilworld Sees Sharp M'sia Palm Oil Stks Fall(Dow Jones)--Oilworld estimates sharp drop in Malaysian palm oil stocks to1.38 million tons at end-March, traders say. Stocks were 1.54 million tonsat end-February. Oilworld citing robust March exports, especially toEuropean Union for biofuels sector, as reason for lower stocks, traderssay. Official March stocks number due from MPOB early next week. Sharpdecline in stocks would be positive for palm oil prices, but unlikely totrigger significant upward move as already largely factored into market bynow, traders say.

USDA Attaché Maintains 04/05 CPO Forecasts(Dow Jones)--USDA attaché keeps 2004/05 Malaysian CPO output forecastunchanged at 14.75 million tons (vs 13.42 million in 2003/04), accordingto latest report. Attaché estimates January-March CPO output at 3.3million tons; end-quarter stocks pegged at 1.37 million tons. Traders saypalm oil market players likely to ignore projections as figures from USDAnot closely followed. MPOB will issue official March estimates early nextweek.

Brazil Rains Potentially Positive For Vegoil(Dow Jones)--Heavy rains in Brazil's top soybean state of Mato Grossoaffecting quality of beans, may also affect soybean yields; some 20%-30%of beans delivered in top-producing center-north region in deterioratedstate, analysts say. Palm oil traders say problem still not major concernyet, but likely to have positive impact on global oilseeds, edible oilprices if further deterioration reported in coming days, weeks.