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CPO FUTURES TO BE FIRMER NEXT WEEK.
(From Bernama The Malaysian National News Agency)
KUALA LUMPUR, Nov 30 (Bernama) - Crude Palm Oil (CPO) futures contracts on the Malaysia Derivatives Exchange (MDEX) are expected to be firmer next week on better sentiment from news that China would next year take in more palm oil despite expectations of lower export data on Monday.
A dealer said cargo surveyors, Intertech Testing Services (ITS) and Societe Generale de Surveillance (SGS) would release November exports data on Monday.
Traders expect exports to drop to 930,000 tonnes from 1.12 million tonnes in October.
The physical market was active on Friday on talks that China was issuing additional palm oil import quotas totalling 300,000 tonnes.
This triggered short covering activities and speculative buying in the futures market, he added.
The Chinese government had allocated 2.4 million tonnes in palm oil ...
- Malaysian palm oil prices down in late trade.
- Magazine article from: Business Recorder March 27, 2002 700+ words
...ringgit Previous close: 1155 ringgit PALM OIL FUTURES: Down on liquidation. Players ignore China's palm oil import quotas. Crucial support levels pegged at 1,122/1,135 ringgit. PALM OIL PHYSICALS: Also down.-Reuters
- Palm oil dealers pin hopes on China.(Brief Article)(Statistical Data Included)
- Magazine article from: Agra Europe November 2, 2001 700+ words
...bought 174 008 tonnes of Malaysian palm oil in October, according to preliminary...that China will try to exhaust palm oil import quotas planned for 2001 - which would...import 2.4 million tonnes of palm oil in 2002 at low duties set by a...
- Malaysian palm oil prices end mostly lower.
- Magazine article from: Business Recorder April 3, 2002 700+ words
...KUALA LUMPUR : Malaysia's crude palm oil futures failed to sustain CBOT...performance in April and how much palm oil Malaysia will export to big buyers...because of uncertainties in the palm oil import quotas," he added. The benchmark third...
- Indonesia eyes Chinese palm needs.(palm oil, soybeans)(Brief...
- Magazine article from: Agra Europe July 13, 2001 700+ words
...to lift its share in the Chinese palm oil market to 45% from the current...business on Chinese plans to raise palm oil import quotas, said Trade and Industry Minister...1.5-1.6 million tonnes of palm oil in 2001, and with this in mind...
- Palm oil futures look to head higher.
- News wire article from: Asia Africa Intelligence Wire December 1, 2002 700+ words
...rumours that China, one of Malaysia's main palm oil buyers, was issuing additional palm oil import quotas totalling 300,000 tonnes. Much needed...markets. India the largest buyer of Malaysian palm oil this week increased the base price for crude...
- Palm oil futures may move lower.
- News wire article from: Asia Africa Intelligence Wire January 5, 2003 700+ words
...start accepting applications from processing firms for palm oil import quotas. China, one of the world's main edible oil consumers, has set import quotas of 2.5 million tonnes of palm oil for 2003, with the bulk of it allocated to domestic...
- India: Profit-taking likely in palm oil.
- News wire article from: Business Line July 10, 2001 700+ words
...to make a decision next week, on the release of its palm oil import quotas for the second half of the year, which players expected...Private forecaster Ivan Wong estimated that Malaysia's palm oil output at 945,000 tonnes in June down four per cent...
- CHINA TO REDISTRIBUTE 2004 AGRICULTURAL PRODUCTS IMPORT QUOTAS.
- News wire article from: Asia Africa Intelligence Wire September 1, 2004 700+ words
...on Redistribution of Import Quotas for Agricultural Products...consumers that hold 2004 import quotas for wheat, maize...oil, rapeseed oil, palm oil, edible sugar and cotton...correspondingly from the 2005 import quotas allocated to them...
- Palm oil futures may head lower.
- News wire article from: Asia Africa Intelligence Wire February 2, 2003 700+ words
...Business Line) MALAYSIAN crude palm oil futures on MDEX closed higher mainly...Services (ITS) said Malaysian palm oil exports for January stood at 860...edible oil consumers, raised 2003 palm oil import quotas to 2.5 million tonnes from 2...
- India: Malaysia palm oil may be range-bound.
- News wire article from: Business Line June 18, 2001 700+ words
Malaysia's palm oil futures closed the week on a slightly negative note, though most...suffering from a severe drought. China had agreed to increase its palm oil import quotas, raising hopes the present full-year quota of 1.2 million...