++++ Latest OIL WORLD Headlines ++++ More details and background analysis are provided in the various Publications of OIL WORLD, primarily in the WEEKLY and the FLASH Mar 07: Vegetable oil prices appreciating. Market participants have become alerted about the looming tightness in world palm oil supplies.. This concern is mainly caused by the drought and heatwave which has prevailed in the most recent 6-7 consecutive weeks until March 6 in many important palm oil growing areas of the Peninsula in Malaysia as well as in several parts of Indonesia and Thailand. The situation will become very critical if it stays dry for another 2-3 weeks. Oil palms are already showing drought stress. However, the impacts on palm oil production will be seen only with time lags Continued dryness would create a bullish price scenario for oils & fats considering the importance of palm oil and palmkernel oil which recently accounted for 33% of world production and 63% of world exports of all 17 oils & fats, as pointed out by Thomas Mielke in his presentation at the Palm Oil Outlook Conference in Kuala Lumpur on March 5. OIL WORLD WEEKLY of 7 March 2014 Feb 28: Palm Oil Outlook: Very Little Rainfall in Parts of Malaysia, Thailand and Indonesia... The dryness clearly intensified during February, according to several private reports. Water-rationing has started in parts of Malaysia. If the dryness persists for another 2-3 weeks, stress on oil palms will intensify. But it should be considered that time lags are involved. This will start to show up in reduced production towards the end of 2014... OIL WORLD WEEKLY of 28 February 2014
Posted on: Thu, 13 Mar 2014 04:58:08 +0000
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