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PALM OIL STOCKS

L.....
Veteran

27-May-2008 00:15

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i always wonder if there is real demand for Palm Oil or its just the commodities traders who keep longing Palm Oil Futures in hope of further price increases...

May be another bubble in the making if Demand is not REAL

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AK_Francis
Supreme

27-May-2008 00:11

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Yells: "Happy go lucky, cheers."

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Yip, tks forecast seems good.

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yipyip
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26-May-2008 23:40

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Last Updated: May 26 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	Jun 2008	3638.00	3680.00	3638.00	3648.00	3670.00	3670.00	3670.00	0.00	1943	391
FCPO	Jul 2008	3674.00	3695.00	3656.00	3650.00	3675.00	3670.00	3670.00	0.00	14771	1,218
FCPO	Aug 2008	3671.00	3705.00	3660.00	3673.00	3675.00	3673.00	3673.00	0.00	10386	6,168
FCPO	Sep 2008	3674.00	3706.00	3665.00	3673.00	3699.00	3671.00	3674.00	-3.00	3349	536
FCPO	Oct 2008	3700.00	3705.00	3674.00	3588.00	3700.00	3674.00	3669.00	5.00	169	42
FCPO	Nov 2008	3700.00	3700.00	3665.00	3666.00	3690.00	3671.00	3666.00	5.00	1872	283

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investor38
Senior

26-May-2008 14:10

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Palm oil futures eye firm crude oil, weak demand

Mon May 26, 2008 7:49am

MALAYSIA PALM EXPORTS

- Exports of Malaysian palm oil products for May 1-25 fell 2.36 percent to 993,093 tonnes from 1,017,134 tonnes shipped between April 1 and 25, cargo surveyor Intertek Testing Services said on Monday. [ID:nKLR304710]

Another cargo surveyor, Societe Generale de Surveillance, is due to release its estimates later on Monday.

PALM FUTURES MAY RALLY

Malaysian crude palm oil prices may resume their rally if record crude oil prices boost demand for alternative fuels, soaking up high stocks, leading industry analysts said on Friday. [ID:nSP14389]

INDONESIA EXPORT TAX

Indonesia will keep the palm oil export tax unchanged in June, but raise the base export price for crude palm oil to bring it in line with international prices, the trade ministry said on Friday. [ID:nSP5148]

INDIA BUYS PALM OIL

Indian state-run firm PEC Ltd has decided to buy 18,000 tonnes of refined, bleached and deodorised palmolein at $1,300 per tonne, a government source said on Friday. [ID:nDEL001484]

MALAYSIAN PALM OIL FUTURES

Malaysian crude palm oil futures gained 1.2 percent on Friday on optimistic forecasts by a top industry analyst and a recovery in vegoil markets in the United States, traders said.

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investor38
Senior

26-May-2008 12:57

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NAME

MONTH

OPEN

HIGH

LOW

BID

ASK

LAST

SETT.P

CHANGE

VOLUME

Jun 2008

3638.00

3680.00

3638.00

3675.00

3679.00

3680.00

3611.00

69.00

1943

111

Jul 2008

3674.00

3695.00

3660.00

3687.00

3691.00

3689.00

3620.00

69.00

14771

292

Aug 2008

3671.00

3705.00

3660.00

3696.00

3700.00

3696.00

3654.00

42.00

10386

2,837

Sep 2008

3674.00

3706.00

3674.00

3699.00

3701.00

3702.00

3655.00

47.00

3349

206

Oct 2008

3700.00

3705.00

3699.00

3688.00

3708.00

3702.00

3650.00

52.00

169

Nov 2008

3700.00

3670.00

3698.00

3700.00

3623.00

77.00

1872

Traders taking advantage of poor sentiment and Dow's performance on Fri to short sell. CPO prices up strongly. Should provide strong support for Palm oil counters. Expect FR and Indo agri to rebound in price in the afternoon. Just my opinion. Caveat emptor. Trade with caution

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yipyip
Master

26-May-2008 00:48

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: )

Last Updated: May 23 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	Jun 2008	3568.00	3631.00	3568.00	3608.00	3630.00	3631.00	3611.00	20.00	2067	262
FCPO	Jul 2008	3555.00	3650.00	3555.00	3620.00	3645.00	3620.00	3620.00	0.00	16271	2,362
FCPO	Aug 2008	3575.00	3658.00	3570.00	3650.00	3654.00	3654.00	3654.00	0.00	10789	6,208
FCPO	Sep 2008	3576.00	3660.00	3576.00	3600.00	3660.00	3655.00	3655.00	0.00	2853	963
FCPO	Oct 2008	3640.00	3640.00	3640.00	3615.00	3650.00	3640.00	3650.00	-10.00	161	8
FCPO	Nov 2008	3640.00	3640.00	3639.00	3555.00	3688.00	3640.00	3623.00	17.00	1856	30

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investor38
Senior

23-May-2008 11:02

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Edible oil imports seen going up 38%

The price of palm oil, produced mostly in Indonesia and Malaysia, has risen 44% in the past year on demand for vegetable oil for cooking and biofuel

Claire Leow/ Bloomberg

Singapore: India’s edible oil imports may climb 38% by 2010, straining supplies, as rising incomes among the nation’s middle-class consumers stoke demand for fried food.

Purchases may total at least 6.5 million tonnes (mt), up from 4.7mt last year, said B.V. Mehta, executive director, Solvent Extractors’ Association, at a conference on Thursday.

The price of palm oil, produced mostly in Indonesia and Malaysia, has risen 44% in the past year on demand for vegetable oil for cooking and biofuel. Soya bean oil, its main substitute, has surged 82% in the period as US farmers planted soya beans to the smallest acreage in 12 years.

“The benefit is harvested by Indonesia,” Mehta said in Jakarta. “About 80% of India’s requirement is imported from Indonesia.”

Palm oil futures in Malaysia, the global benchmark, reached a record 4,486 ringgit (about Rs59,000) a tonne on 4 March. The futures for August delivery climbed for a second day, gaining 1.4% to 3,607 ringgit a tonne on Thursday.

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investor38
Senior

23-May-2008 10:53

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Friday May 23, 2008

CPO futures rise to month’s high

By HANIM ADNAN

PETALING JAYA: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rose to a one-month high in active trading yesterday, taking their cue from crude oil, which hit a fresh record of US$135 a barrel on concerns over inflation and a slowing US economy.

The benchmark CPO August contract touched a high of RM3,645 before closing at RM3,610 per tonne. The July contract rose RM36 to RM3,591 while the June firmed up RM44 to RM3,582.

A trader said CPO was expected to re-test the RM4,000 mark over the next few weeks. “The current price is about 24% short of the all-time high of RM4,486 per tonne recorded in March,” he said.

The trader said the upcoming low production season and anticipated bad weather could push up CPO prices.

Malaysia's CPO production is targeted at 16.3 million tonnes this year while Indonesia's output is set at 17.5 million tonnes.

CPO closely tracks crude oil as it is considered an alternative feedstock for biodiesel production.

Market players are also eagerly awaiting the outcome of the three-day World Palm Oil Summit and Exhibition in Jakarta, organised by Indonesia's Oil Palm Research Institute and Indonesia Palm Oil Association (GAPKI). The summit began on Wednesday.

International commodity expert Dorab Mistry of Godrej International Ltd is expected to present the latest CPO price forecast tomorrow.

Meanwhile, crude oil on Nymex is expected to sustain its uptrend following the latest report from the US Energy Information Administration that domestic stocks had fallen by 5.4 million to 320.4 million barrels.

Reuters reported that the US dollar fell to a one-month low versus the euro yesterday after the Federal Reserve cut its 2008 growth forecast and warned of higher unemployment, thus diminishing the prospect of an interest rate hike later this year.

US energy secretary Sam Bodman said record oil prices fairly reflected tight supplies and strong global demand, and that speculators were not at fault for pushing up petroleum costs.

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yipyip
Master

23-May-2008 01:52

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Last Updated: May 22 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	Jun 2008	3618.00	3618.00	3585.00	3582.00	3588.00	3587.00	3582.00	5.00	2304	470
FCPO	Jul 2008	3622.00	3638.00	3591.00	3590.00	3602.00	3591.00	3591.00	0.00	17163	1,984
FCPO	Aug 2008	3645.00	3645.00	3599.00	3610.00	3612.00	3610.00	3610.00	0.00	10451	5,544
FCPO	Sep 2008	3699.00	3699.00	3607.00	3600.00	3625.00	3607.00	3600.00	7.00	2506	930
FCPO	Oct 2008	3610.00	3625.00	3600.00	3585.00	3612.00	3613.00	3612.00	1.00	126	85
FCPO	Nov 2008	3614.00	3618.00	3600.00	3530.00	3585.00	3614.00	3585.00	29.00	1697	240

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AK_Francis
Supreme

22-May-2008 10:49

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Looks bright, keep on accumulating loh. Cheers.

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investor38
Senior

22-May-2008 10:47

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NAME

MONTH

OPEN

HIGH

LOW

BID

ASK

LAST

SETT.P

CHANGE

VOLUME

FCPO	JUN 2008	3618.00	3618.00	3600.00	3599.00	3605.00	3600.00	3538.00	62.00	2304	15
FCPO	JUL 2008	3622.00	3638.00	3618.00	3617.00	3623.00	3618.00	3555.00	63.00	17163	183
FCPO	AUG 2008	3645.00	3645.00	3621.00	3623.00	3627.00	3625.00	3557.00	68.00	10451	456
FCPO	SEP 2008	3699.00	3699.00	3628.00	3622.00	3627.00	3628.00	3547.00	81.00	2506	107

CPCo

cpoCPO prices up strongly

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yipyip
Master

22-May-2008 00:54

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Last Updated: May 21 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	Jun 2008	3538.00	3560.00	3528.00	3534.00	3550.00	3535.00	3538.00	-3.00	2497	305
FCPO	Jul 2008	3549.00	3574.00	3538.00	3530.00	3555.00	3550.00	3555.00	-5.00	17855	1,187
FCPO	Aug 2008	3548.00	3580.00	3525.00	3557.00	3558.00	3557.00	3557.00	0.00	10690	3,873
FCPO	Sep 2008	3545.00	3579.00	3539.00	3540.00	3589.00	3551.00	3547.00	4.00	2085	1,152
FCPO	Oct 2008	3544.00	3570.00	3534.00	3560.00	3565.00	3535.00	3560.00	-25.00	13	163
FCPO	Nov 2008	3566.00	3566.00	3566.00	3500.00	3565.00	3566.00	3565.00	1.00	1702	5

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investor38
Senior

21-May-2008 12:23

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CPO futures remains positive. Should provide support to palm oil counters. Indo agri seemed to have broken out from resistance, FR consolidating at 1.23 to 1.25. Golden agri : strong support at $1.00.

My opinion: accumulate at support levels on sell-down but don't chase when prices move up. Fundamentally golden agri and FR has a lot to catch up in terms of valuation compared to their peers. Vested. Caveat Emptor.

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yipyip
Master

20-May-2008 21:35

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Last Updated: May 20 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	Jun 2008	3515.00	3546.00	3515.00	3529.00	3538.00	3538.00	3538.00	0.00	2949	431
FCPO	Jul 2008	3537.00	3555.00	3510.00	3537.00	3555.00	3555.00	3555.00	0.00	18310	526
FCPO	Aug 2008	3513.00	3559.00	3513.00	3550.00	3554.00	3554.00	3554.00	0.00	10462	1,977
FCPO	Sep 2008	3529.00	3555.00	3529.00	3540.00	3589.00	3555.00	3544.00	11.00	2029	225
FCPO	Oct 2008	0.00	0.00	0.00	3500.00	3600.00	0.00	3534.00	0.00	13	0
FCPO	Nov 2008	0.00	0.00	0.00	3449.00	3600.00	0.00	3543.00	0.00	1702	0

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investor38
Senior

18-May-2008 11:32

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Astra Agro Plans to Boost Palm Oil Output, Investment (Update1)

By Naila Firdausi

May 17 (Bloomberg) -- PT Astra Agro Lestari, Indonesia's biggest publicly traded agriculture company, may raise palm oil production 7.5 percent this year and double capital expenditure to fund expansion and takeovers.

The unit of PT Astra International expects to boost output to 990,000 metric tons in 2008 from 920,600 tons last year, according company statement released to the stock exchange. A total of 1.52 trillion rupiah ($164 million) has been set aside for investments, up from 736 billion rupiah last year, the statement said.

Higher palm oil prices, which climbed 43 percent in the past year, have boosted earnings at growers and prompted others to expand into the industry. Charoen Pokphand Group, Asia's biggest animal-feed producer, plans to start producing palm oil from 2010.

Palm oil, about 90 percent of which is produced in Indonesia and Malaysia, is used in foods and cooking, as well as a fossil- fuel additive. About two-thirds of Astra Agro's 2008 budget will be spent on buying land and planting estates, the statement said.

Shares of Astra Agro have climbed 76 percent on the Indonesia Stock Exchange in the past a year, more than three times the benchmark Jakarta Composite's 20 percent gain. The stock closed at 25,800 rupiah yesterday after gaining 2.2 percent.

Astra Agro said April 30 that first-quarter profit more than tripled to 827.1 billion rupiah from 268.9 billion rupiah a year earlier as it sold more palm oil at higher prices. Palm oil output in the three months gained 24 percent to 248,511 tons.

Palm oil futures on the Malaysia Derivatives Exchange touched a record 4,486 ringgit ($1,388) a ton on March 4, buoyed by higher demand and rising crude oil prices. The contract for delivery in August rose 2.2 percent to 3,570 ringgit a metric ton in the five days to May 16, its second weekly gain.

The price may rise to 4,000 ringgit a ton within two months driven by record crude oil prices, according to a May 15 forecast from Chris de Lavigne, global vice president at consulting firm Frost & Sullivan Inc. Crude oil for June delivery on the New York Mercantile Exchange touched a record $127.82 a barrel yesterday.

To contact the reporter on this story: Naila Firdausi in Jakarta at nfirdausi@bloomberg.net

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jackjames
Elite

16-May-2008 22:34

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i think all the commodity shares are boosted up because sinagporean are constantly brainwashed by Mr. Jim Roger who stay in Singapore, and keep brainwash people to buy commodity, in the seminar, news in the newspaper, channelnewasia... AMRO zero certs. etc...

If we can't beat the crowds, join the crowds.

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investor38
Senior

16-May-2008 22:32

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Malaysia, Indonesia to Gain from Palm Oil Boom:

Commodity on-line, 15.5.2008:

http://www.commodityonline.com/news/topstory/newsdetails.php?id=8353

Oil experts predicting palm oil boom for the next 5 to 10 years

Crude oil prices to remain bullish for themedium to long term

Demand to remain strong

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investor38
Senior

16-May-2008 19:01

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16.05.2008 - Closing Crude Palm Oil Quotes:

Month     Close     Previous     Change     High     Low

June '08     3557     3520     up     37     3557     3499

July '08     3567     3,521     up     46     3570     3500

Aug '08     3570     3524     up     46     3570     3500

Sept '08     3566     3519     up     47     3566     3500

Oct '08     3509     3541     dn     32     3509     3509

Closed up from yesterday except Oct 08

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investor38
Senior

14-May-2008 21:45

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14.05.2008 - Closing Crude Palm Oil Quotes:

Closing CPO futures prices on Bursa Malaysia Derivatives in MYR/ton

Month

Close

Previous

Change

High

Low

June '08

3542

3514

Up 28

3587

3529

July '08

3558

3532

Up 26

3612

3543

Aug '08

3556

3540

Up 16

3617

3550

Sept '08

3567

3535

Up 32

3610

3567

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yipyip
Master

12-May-2008 23:57

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Last Updated: May 12 2008 6:05:00 PM

NAME	MONTH	OPEN	HIGH	LOW	BID	ASK	LAST	SETT.P	CHANGE	OI	VOLUME
FCPO	May 2008	3545.00	3591.00	3545.00	3500.00	3550.00	3591.00	3500.00	91.00	216	28
FCPO	Jun 2008	3592.00	3612.00	3550.00	3465.00	3565.00	3554.00	3554.00	0.00	5362	1,004
FCPO	Jul 2008	3600.00	3623.00	3555.00	3569.00	3570.00	3570.00	3570.00	0.00	19418	6,392
FCPO	Aug 2008	3600.00	3623.00	3560.00	3575.00	3578.00	3575.00	3575.00	0.00	9470	812
FCPO	Sep 2008	3600.00	3610.00	3600.00	3520.00	3585.00	3610.00	3567.00	43.00	1979	101
FCPO	Oct 2008	0.00	0.00	0.00	3520.00	3585.00	0.00	3557.00	0.00	13	0
FCPO	Nov 2008	0.00	0.00	0.00	3430.00	3585.00	0.00	3566.00	0.00	1702	0

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