2 Jul 2007
Palm oil may see further downward correction
Author: Admin | Filed under: Uncategorized
US to tighten laws ensuring sops for domestic oils only
Dipping trend Many Funds had liquidated a part of their position as the market was seen overheated.Demand-supply fundamentals continue to favor vegetable oils in general.
Washington If buzz in the US and
Canada is any indication palm oil’s dream run of the past several months is likely to end soon. Crude palm oil (CPO) market had spiked to levels (over
Malaysia ringgit 2,600 a tonne) not seen in recent past as a result of large diversion of the commodity to meet burgeoning bio-diesel demand. Liquidation by funds Over the last couple of weeks there has been a 10 per cent downward correction in palm prices (MYR 2,350/tonne). Funds had liquidated a part of their position as the market was seen overheated and ripe for correction. There is the strong possibility of a further slide if the
US decides to act. A large part of CPO import into the US (monthly average of a little less than 100,000 tonnes) is converted into bio-diesel and exported to
Europe. In the process, the
US exporter gets a hefty subsidy ($1 per gallon of bio-diesel exported). Loophole Trade representatives contend that the purpose of export incentive is to promote bio-diesel made out of
US origin vegetable oils, including soybean oil; but a loophole in the law has seen CPO walk away with the incentive. To ensure that only US origin oils get the benefit it is believed that the law will be tightened soon. Should that happen, the palm oil complex will receive a jolt as a newly found important market may begin to dry up. Of course, palm producers in Malaysia and
Indonesia can be expected to do their best to avoid a price collapse. They have the financial clout, having made enormous profits in the last three years. In any case, as the demand-supply fundamentals continue to favor vegetable oils in general, there may not be a collapse after all, but a further downward correction, perhaps, of another 10 per cent from the current levels, to reach close to MYR 2,000/tonne. Economics Clearly, CPO had begun to face demand compression at higher prices — above $650-700 a tonne — as the economics of bio-diesel production went haywire. So far, weather in major origins has been helpful for oilseed crops. Should concerns develop, it would arrest a price fall. Large Indian purchases to meet upcoming festival demand during August-October are also likely to provide support.
interested to import Palm Oil to INDIA please contact.
pls tell me palm oil packs is going to hike or drop why because iam going purchase
[...] the article here: Zoos Victoria under fire for anti-palm oil campaign Tags: accused-the-operator, australian, collecting-signatures, compulsory-labelling, melbourne, [...]
I hope they can get this cleared up. Zoos have a pretty good record of doing the right thing when it comes to helping save endangered animals, such as orangutans.
Allen Nyhuis, Coauthor: America’s Best Zoos
ki like to know wich price i can get on 40 feet container in 20. ltr. of jerry cans to Benin porto novo and how many days it tas
I like to know wich price i can get on 40 feet container in 20. ltr. of jerry cans to Benin porto novo and how many days it tas
plam oil price unexpted higher it is total control by fund manager at present price is very riskey becarefull
india pakistan china must pool for buying plam oil keep plam oil price under control
we have TPS Canada and TPS Texas CO2 plants in use.
we use S2-68-F oil for lubrication of CO2 screw compressors an type A for ammonia compressors. Do you have a oil stocks somewhere in Europe near
R Croatia with these kind of oil available. Please inform me as soon as possible.thank you in advance.
Vlado Kemenc, BSc.M.E.
CO2 Plant Manager
nous avons un vlient qui s’interesse par l’acaht de 30.000 tonnes de l huile de palme livrĂ©s sur port italien
on aimerait avoir une offre valable ainsiq eu les modalités à mettre en place
nous avons un client qui s’intĂ©resse par l’achat de 30.000 tonnes de l huile de palm livrĂ©s en port italien .
nous aimerions avoir une offre détaillé ainsi que les modalités à mettre en place
Dear sir
We have inquiry of 4000 mt in bulk for palm oil to italia
please revert with prices and details
thanks
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I am very thankful to this topic because it really gives great information ‘”*
i always wants 2 know this type of news
‘Its 800,000 tpa Singapore plant – the largest in the world, with an identical new twin plant in Rotterdam starting up also around mid-year – produces biodiesel from 100 per cent renewable materials like palm oil and animal fat’. What exactly is the difference between this a the 1G plants which would have used palm oil as well???
Asalam u Alikum.,
how can i import a cocking palm oil to pakistan.
and what is the duty ratio of per matric ton.
and what is the CNF Price to karachi.
thanks
imran khan
Congratulations Leslie Davidson.
I came across this article during the lunch break.
Do you remember I was your secretary in the early 1980s when we worked in Plantations Group at Unilever in Blackfriars with Richard Reger, Annie and Elizabeth?
Barbara
AM INTERESTED IN YOUR PALM OIL USINESS FOR EXPORT PLS KINDLY SEND THE PRO FOMA INVOICE OF 2OFT CONTAINER OF OF FILLED 2O.LTR. KEG TO PAKISTAN AND UK. LOOKING FORWARD TO YOUR HEARING SOON. THANKS
Hi David,
I met you at the Interfaith meeting and I wondered if you would be interested in religion at large? Malaysia will have trouble due to Christian Muslim relationship is deterioting fast. People need awakening in this field too. Dog-Collared hirelings of Mammon have created fanatics. You were there when I asked the clerk whom he serves Queen or Christ Jesus? These clerics have no idea of such things and they are blind guides of the blind.
prices oil in 2011
[...] http://www.palmoilprices.net/news/jaya-tiasa-a-plantation-gem-as-ffb-production-set-to-quadruple/ [...]
Congrats on being conferred a Datuk – how are you? We are in Trivandrum,Kerala,India -would love to visit Pamol sometime – mohan,son of V T John
Congrats on being conferred a Datuk – how are you? We are in Trivandrum,Kerala,India -would love to visit Pamol sometime – mohan,son of V T John ( jt@asianetindia.com)
[...] palm plantations on peatland conversion in Sarawak 2005-2010 [PDF] Wetlands official press release Sarawak Government Committed to Sustainable Development of Palm Oil Plantations Palm Oil: How Greenies Threaten Jobs and Food Security .fb_edge_widget_with_comment [...]
I am based in the United States, and I am interested to Importing Palm Oil for any company that is interested to buying them. We can provide both the Palm Oil and its Kernel. Kindly contact me via email at Kenneth.Ugbo@live.com. Thanks
Hi, i would like to hv the quotation for a 40ft container of 20 ltr jerry can to Beruit, with 6 contaioners monthly…..TQ
Interesting topic. Thank you for sharing.
am interested in your company, pls we are planning to import 100% pure palm oil of cpt 8, cpt 10, pack in 5liters and drum 200liters 130000mt up to october 2011, 100% owned by bangladesh government, on regular basis in this regard, pls send the qutation asap. cnf or cfr chittagong seaport, Bangladesh, and our hp will be in malaysia 0166858786, bangladesh 008801726390901, thank you
Sirs,
I am seeking a steady supply of crude and refined palm oil for my factory in Zambia.
Could you please advsie me on prices, availability in South Africa and so forth.
best regards
David