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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

04/02/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Dow Jones

CATEGORY

HEADLINE

MARKET TALK
3/2/05Lack Of Ships Hinder Indonesia's CPO Exports(Dow Jones)--Lack of ships slowing Indonesia CPO exports, creating excesssupply at local market and driving CPO prices down, says PT PerkebunanNusantara official. "Exporters can't ship their CPO because many ships arebeing used to transport crude oil," said Syariful Ramli Lubis, PTPN'sauction official. Benchmark CPO price at PTPN's auction IDR3,219/kg vsIDR3,232/kg Feb. 1. PTPN only sold 2,000 tons of CPO out of 3,500 tonsoffered at the auction due to poor demand.

Indonesia Palm Oil Mkt Quiet On Poor Demand(Dow Jones)--Indonesia palm oil market quiet on continued poor demand,sluggish trading ahead of holidays. CPO in Medan unavailable sinceWednesday, traded at IDR3,248/kg Tuesday. "Buyers just buy what they needbecause they still have ample stocks," says trader in Medan. Chinese NewYear, Muslim holidays next week also damping trading interest, traderssay. RBD palm olein in Jakarta traded at IDR3,575/kg vs IDR3,650/kg.

Malaysian Palm Oil Stks May Ease Starting Feb(Dow Jones)--Analyst with Japanese trading house estimates MalaysianCPO Jan production declined 10% on month while exports reached around 1.05million tons. Says end-Jan stocks rose slightly to 1.512 million tons butstocks could ease February through May, providing support to palm oilprices. "We expect prices to consolidate around current level," he says.Official Jan production, export and stocks data from MPOB scheduled to bereleased Feb. 14.