________________________________ From: PalmOil [mailto:i...@palmoil.com] Sent: Monday, May 25, 2009 7:36 PM To: Palmoil.com Subscribers Subject: Asian Crude Palm Oil Ends Lower On Weak Demand For Biodiesel
Asian Crude Palm Oil Ends Lower On Weak Demand For Biodiesel Crude palm oil futures on Malaysia's derivatives exchange fell sharply Monday after the government said palm-based biodiesel production has slowed down and the deadline for complete local 5% blending may be extended, said trade participants. Read also in category "Palm market news <http://palmoil.com/news/palm_market_news> ": Malaysian Cash Market Prices For Palm Oil - May 25 at 1000 GMT Monday <http://palmoil.com/news/palm_market_news/2009_5_25/malaysian_cash_marke t_prices_for_palm_oil_-_may_25_at_1000_gmt_monday> The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd. Indonesian Physical Palm Oil Prices May 25 <http://palmoil.com/news/palm_market_news/2009_5_25/indonesian_physical_ palm_oil_prices_may_25_2009_05_25_10_27_16> The following are Indonesian physical palm oil prices quoted by traders in rupiah a kilogram. Indonesia's PTPN Sells 7,000 Tons CPO At Auction Monday <http://palmoil.com/news/palm_market_news/2009_5_25/indonesia_s_ptpn_sel ls_7_000_tons_cpo_at_auction_monday> Indonesia's PT Perkebunan Nusantara said Monday it sold 7,000 metric tons of crude palm oil offered in a government auction. MARKET TALK: Malaysia's Cash Palm Oil Eases As Lack Of Buying <http://palmoil.com/news/palm_market_news/2009_5_25/market_talk_malaysia _s_cash_palm_oil_eases_as_lack_of_buying> Malaysia's cash palm oil prices ease on weak buying interest. MARKET TALK: BMD CPO Futures Dn On Weak Demand To Make Biofuel <http://palmoil.com/news/palm_market_news/2009_5_25/market_talk_bmd_cpo_ futures_dn_on_weak_demand_to_make_biofuel> BMD CPO futures lower as Malaysian government acknowledges poor start to biodiesel program, says deadline for full 5% blending implementation may be extended beyond initial target of February 2010. "We won't make 5% blending mandatory. Indonesia Astra Agro Sells 2,000 Tons CPO Monday <http://palmoil.com/news/palm_market_news/2009_5_25/indonesia_astra_agro _sells_2_000_tons_cpo_monday_2009_05_25_10_23_56> Indonesia's PT Astra Agro Lestari Monday said in a statement it sold 2,000 metric tons of crude palm oil offered in an auction. Malaysia's May 1-25 Palm Oil Exports Up 4.7% On Month - SGS <http://palmoil.com/news/palm_market_news/2009_5_25/malaysia_s_may_1-25_ palm_oil_exports_up_4_7_on_month_-_sgs> Malaysia's palm oil exports rose 4.7% during the May 1-25 period to 1.02 million metric tons from 971,428 tons month earlier, cargo surveyor SGS (Malaysia) Bhd. said Monday. MARKET TALK: BMD CPO Dn Midday On Exports; Support At MYR2,500 <http://palmoil.com/news/palm_market_news/2009_5_25/market_talk_bmd_cpo_ dn_midday_on_exports_support_at_myr2_500> BMD CPO futures down midday on exports, support seen at MYR2,500/ton. Benchmark August CPO contract down MYR5 at MYR2,516/ton IOI Exec: CPO Prices May Rise To MYR3,000/Ton In Near Term <http://palmoil.com/news/palm_market_news/2009_5_25/ioi_exec_cpo_prices_ may_rise_to_myr3_000_ton_in_near_term> Crude palm oil prices may rise to MYR3,000 a metric ton in the near term due to tight supply and a delay in production due to above normal temperature, a senior executive of IOI Group said Monday. Malaysia's May 1-25 Palm Oil Exports 979,327 Tons - Intertek <http://palmoil.com/news/palm_market_news/2009_5_25/malaysia_s_may_1-25_ palm_oil_exports_979_327_tons_-_intertek> Malaysia's palm oil exports rose 0.5% in the May 1-25 period to 979,327 metric tons from 973,825 tons in the same period in April, cargo surveyor Intertek Agri Services said Monday. 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