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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

01/02/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Dow Jones

CATEGORY

HEADLINE

China Palm Olein Prices Seen Staying Weak
31/1/05 (Dow Jones)--RBD palm olein prices in China likely to stay weak inshort to medium term as demand still sluggish due to low temperatures,says Shanghai Pansun; stocks at main ports estimated around240,000-250,000 tons, which would take time to be consumed, keeping pricesunder pressure. Room for fresh imports also likely limited in near termdue to negative margins as selling prices in domestic market (aroundCNY4,150/ton) below import cost.