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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

28/01/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Dow Jones

CATEGORY

HEADLINE

Indonesia Palm Oil Exports Seen Up 11% In '05
27/1/05 (Dow Jones)--Indonesian palm oil producers lobby Gapki expects2005 palm oil exports at 7.8 million tons, up from 7.0 million tons in2004; but forecast unlikely to have much positive impact on prices asproduction also expected to rise sharply this year, traders say. Gapkiprojects output at 11.6 million-11.8 million tons in 2005, up from 10.8million tons in 2004. Gapki head says he expects CPO prices to recover toMYR1,350/ton in February due to lower oilseeds output in India