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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

Oilworld Sees Medium-Term Palm Oil Mkt Rise
31/1/05(Dow Jones)--Oilworld expects soyoil, palm oil prices to findsupport at current low prices, say traders familiar with its latestreport. In medium term, some price advance possible due to seasonallylower stocks, slowdown of production growth. Demand for eight majorvegetable oils forecast to rise by a record 5.3 million tons in 2004-05year (October-September) compared with 3.6 million tons previous season,partly due to growth of biodiesel industry.