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News 25441 to News 25450 of about 26486 news within page 2545
25441. 19/03/2003
19 March, 2003 - HIGH insurance cost and freight charges arising from aUS-Iraq war are expected to affect Malaysia’s palm oil prices.Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said that if warbreaks out, ships plying West Asia will experience an increase in cost dueto higher insurance and freight charges.“When war breaks out, what do you think will happen? If prices go up,people will not buy because it is too expensive and if people don’t buy,what do you think will happen to prices?” he asked.Dr Lim was speaking to reporters in Kuala Lumpur after launching the14thannual Palm and Lauric Oils Conference and Exhibition: Price Outlook2003/2004 in Kuala Lumpur yesterday.US President George W. Bush has given Iraqi President Saddam Hussein anultimatum to leave Iraq in 48 hours or face war.Last year, one-fifth of Malaysia’s palm oil exports totalling 10.8 milliontonnes went to West Asian countries, including Jordan, Syria and Egypt.During the war in Afghanistan last year, freight charges were known tohave increased to as high as 30 per cent.“To a certain extent, shipments to Europe via the Suez Canal may also beaffected due to its close proximity to the region,” Dr Lim said.In his speech, Dr Lim said the improvement in prices to about RM1,600currently was also contributed by measures undertaken by the Government.“The introduction of a replanting incentive of RM1,000 per hectare tookaway 173,000ha, which deprived the market of 618,000 tonnes.”The minister called on the industry to strive to produce at least eighttonnes of oil per hectare, with an oil extraction rate of 25 per cent.Malaysia is the world’s biggest producer of palm oil and accounts for morethan half of global output.The country produced 11.9 million tonnes last year, of which 10.8 milliontonnes worth RM19.6 billion were exported to 140 countries.
25442. 19/03/2003
KUALA LUMPUR (March 19 2003) : Coconut oil prices may rise to an averageof $445 a tonne this year FOB Philippines, up nearly 20 percent from lastyear because of falling output from the world's largest producer, anindustry source said on Tuesday.
25443. 18/03/2003
BUENOS AIRES (March 18 2003) - Argentina's foreign minister plans to heada mission to China in April to talk about potential obstacles to tradingsoya with the Asian giant, its biggest soya buyer, a ministry officialsaid.
25444. 18/03/2003
SAO PAULO (March 18 2003) - Farmers harvested 20 percent of Brazil'srecord soya crop as of Friday, compared with 26 percent last year at thattime, grains analysts Celeres/MPrado said on Monday.
25445. 18/03/2003
ISLAMABAD (March 18 2003) : Oil truck owners' strike has resulted insuspension of palm oil supply to ghee industries across the country,leaving half of them closed, and industrialists apprehended that the restmight follow suit if the situation remained unchanged for a few more days.
25446. 18/03/2003
KUALA LUMPUR (March 18 2003) - Edible oil imports by India, the world'sbiggest consumer of the commodity, are likely to fall 10 percent to450,000 tonnes in April after purchasing enough palm oil and soyaoil inMarch, traders said on Monday.
25447. 18/03/2003
KIEV (March 18 2003) - Ukraine, which harvested 3.3 million tonnes ofsunflower seeds in 2002, saw its sunseed exports fall to 24,800 tonnes inFebruary from 50,000 tonnes in January, producers said on Monday.
25448. 18/03/2003
Southeast Farm Press (3/12/2003) - Despite very tight stocks, robustprospects for use and exports, and an expected decline in U.S. plantingsthis year, soybean prices for 2003 are projected at $5.10 per bushel,"below what we would have expected based on historical data," says PeterRiley, agricultural economist for USDA's Farm Services Agency.
25449. 17/03/2003
BUENOS AIRES (16 March 2003) - The 2002/03 soya crop is developingnormally in Argentina, the world's No 3 producer, but a government weatherspecialist said on Friday that worries persist that rains in the comingweeks will delay the harvest and threaten quality.
25450. 17/03/2003
KUALA LUMPUR, March 14: Some 100 Guthrie workers of Ladang Changkat Salakand Ladang Kamiri, Sg Siput (U), Perak today demonstrated outside MenaraCitibank in Jalan Ampang over their impending eviction on April 1.On being told that Guthrie Chairman Tan Sri Musa Hitam was away, theybecame agitated and started holding up banners and placards about 10.45am.The demonstration drew a huge crowd slowing down traffic.Within 20 minutes, a team of police officers and men in two patrol carsand a mobile unit arrived at the scene to control the crowd. However, thedemonstrators refused to disperse until they saw Musa or hisrepresentative.The workers eventually handed over a memorandum to Guthrie publicrelations manager Datin Nooraizam Aljeffri.Nooraizam told the workers that Musa had agreed to a dialogue with them assoon as he returned from abroad in two weeks time.Workers V. Govindasamy, 46 and S. Munusamy, 52, handed the memorandum toNooraizam on two conditions - the meeting should be held as soon as Musareturned and that the cas scheduled to be heard on April 2 at the IpohHigh Court be postponed to a later date.They also wanted that notice to vacate the estate quarters by April 1 tobe deferred.Nooraizam later told reporters that the company would try to defer thenotice to vacate homes besides trying to postpone the case at the IpohHigh Court.In 1999, some 55 rubber tappers in Ladang Kamiri and another 110 at LadangChangkat Salak lost their jobs when Guthrie decided to replace rubbertrees with oil palm trees.The company stopped the services of the workers on Dec 31, 1999 andoffered them 20 days wages per year of service in compensation.Workers who had served 25 years would receive between RM8,000 and RM9,000each.This, according to the workers, was unreasonable as their families hadbeen working in the estates for three generations.
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