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News 25631 to News 25640 of about 27228 news within page 2564
25631. 13/07/2004
   
Chicago Tribune - Jul. 10--A little more than a year after McDonald'sCorp. extended its timetable to develop a healthier cooking oil, the fastfood giant is tinkering with a new formula in a handful of restaurantsacross the country.
25632. 13/07/2004
   
7/8/2004 BUSINESS DAILY UPDATE - China imported about 2 million tons ofsoybeans in June and 9.1 million tons in the first half. First-halfsoybean imports were 1.15 million tons less than the figure from a yearearlier. Statistics from the country's General Administration of Customsshowed last month that China's soybean imports fell 2.4 percentyear-on-year to 7.48 million tons in the first five months. Brazil is oneof China's major import destinations of soybeans, and the Chinesegovernment has lifted the suspension it had imposed on soybean importsfrom the South American country. China had rejected eight shiploadstotaling 359,000 tons of soybean and suspended imports from 23 Braziliancompanies in May and June, alleging the presence of fungicides in theshipments.
25633. 13/07/2004
   
KUALA LUMPUR, July 12 (Bernama) -- Malaysian palm oil stocks rose 15.85percent to 1.210 million tonnes in June as against 1.045 million tonnes inthe preceding month, says the Malaysian Palm Oil Board (MPOB).
25634. 13/07/2004
   
7/12/2004 Food Ingredient News - Loders Croklaan (24708 W. Durkee Rd.,Channahon, IL 60410-5249; Tel: 800/621-4710 or 815/730-5200, Fax:815/730-5202) will expand its U.S. palm oil supply, by increasing thecapacity of its palm oil processing plant in Illinois to 250,000 tonsannually, along with its major storage capability in New Orleans.
25635. 13/07/2004
   
7/12/2004 Agra Europe - Malaysia hopes to sell up to 600 000 tonnes ofcrude palm oil (CPO) to emerging markets in Russia and Poland in the nextfew years, the Malaysian Palm Oil Association (MPOA) chairman Sabri Ahmadsaid after a recent visits to the two countries.
25636. 13/07/2004
   
7/12/2004 INTERFAX - The board of directors of the European Bank forReconstruction and Development decided on Tuesday to provide Ukraine's ZAOChumak, a large producer of ketchup, mayonnaise, sunflower oil and cannedgoods, with a credit of $10 million and to open a revolving credit linefor $5 million, a source in the bank's Kyiv office said.
25637. 12/07/2004
   
9/7/2004 SAO PAULO (Dow Jones)--Brazilian soybean output will reach65.7 million metric tons in the 2004-05 season (October-September), some33% higher than the 49.3 million tons produced in the weather- anddisease-affected last crop, local analytical firm Agroconsult said Friday."The estimate is based on the expectation that losses due to dryweather and Asian rust will not be repeated," said Guilherme Bastos, anAgroconsult analyst.This is the first estimate for the next crop released by a localconsultancy.The expansion will be fueled by a 7.5% increase in soybean plantedarea to 22.8 million hectares from 21.3 million this year, and a return tonormal yield levels, pegged 24% higher than the year before at 2,874 kgper hectares.
25638. 12/07/2004
   
KUALA LUMPUR (Dow Jones) - Asian cash palm oil prices were mixedFriday, with products in Malaysia mostly unchanged in slow trading aheadof important crop data due in the coming days.Palm oil prices have been on the decline so far this month mainlybecause of selling pressure from some large trading houses amid concernsabout poor consumer demand.Products in Malaysia have lost about $20 a metric ton month-to-date,while the benchmark CPO futures contract on the Bursa Malaysia Derivativeshas fallen more than 100 ringgit ($1=MYR3.8) a ton.However, with key supply and demand figures such as the Malaysian PalmOil Board's monthly report looming, participants mostly withdrew to thesidelines Friday. The government-run MPOB is due to issue midday Mondayofficial June data.Private forecaster Palmis Management Bhd. is expected to issue its ownestimates for June before the MPOB report. By midday Friday, Palmis hasyet to issue its figures.Also by Monday, cargo surveyors Intertek Testing Services and SGS(Malaysia) Bhd. are scheduled to issue estimates for Malaysian palm oilexports for the July 1-10 period.Market expectations are for July 1-10 exports to show a slight growthfrom the June 1-10 total. In the first 10 days of June, exports wereestimated at close to 270,000 tons.Traders said buying interest from consumers such as China has shown nosignificant pick-up despite the recent drop in palm oil prices.The CPO futures market fell to a 2004 low this week.China is traditionally the biggest buyer of palm oil. However, credittightening by the government and ample domestic stocks have discouragedimporters from making fresh large purchases, traders said.The impact of the discovery of bird flu in China on the edible oilssector is still uncertain, traders said."So far, we haven't seen any impact yet. I don't think it will make abig difference because the (demand) situation is already very bad," atrader said.Traders estimated that palm oil stocks in major Chinese ports total250,000 tons.In the cash market, CPO for July shipment was offered at 1,490 ringgit($1=MYR3.8) a metric ton, down MYR5 from Thursday, delivered basis inSouth Malaysia.RBD palm oil for July shipment was offered at $415.00/ton, unchangedfrom Thursday.RBD palm olein for July shipment was offered at $425.00/ton, unchangedfrom Thursday.In Indonesia, RBD palm olein was offered at 4,400 rupiah ($1=IDR8,920)a kilogram, down IDR50 from Thursday.
25639. 12/07/2004
   
12 July,2004 - CRUDE palm oil (CPO) prices are likely to hold at thepresent level of RM1,500 per tonne as it is now trading at a discount ofUS$190 (US$1 = RM3.80) per tonne to Chicago Board of Trade (CBOT) soyaoilfutures, said outgoing president of the Malayan Edible Oil Manufacturers’Association (Meoma) James Goh Ju Tong.
25640. 12/07/2004
   
9/7/2004 CHICAGO (Dow Jones)--U.S corn and grain leaders recentlyreturned from a trip to Europe and Russia and said attitudes concerningbiotechnology remain deeply divided on the continent, the National CornGrowers Association and U.S. Grains Council said Thursday in a joint pressrelease.A delegation of nine NCGA and USGC members spent nearly two weeks inItaly, Austria, Hungary, Poland and Russia. While there, delegationassessed the attitudes toward biotechnology, and the effects of theEuropean Union's new traceability and labeling requirements, the releasesaid.The issues of this trip were different than when the NCGA and USGCwent four years ago, the groups said in the release. Initially, Europeansargued biotech acceptance was a food safety issue, Dee Vaughan, NCGApresident, said in the release."Now they're arguing that biotech crops can't co-exist with organiccrops, and we're addressing that concern," Vaughan said in the release.Helen Inman, NCGA biotech working group chair, said European farmersrecognize the promise of biotechnology, but due to consumer attitudes viewit as a "hopeless endeavor."Inman explained that the farmers are worried there won't be a marketfor crops developed by biotechnology because of a widespreadmisunderstanding and fear of biotech products.In addition to the negative attitudes, not using biotech crops is moreaffordable due to government funding, according to the release. In Europe,the Common Agricultural Policy and member states offer price incentivesfor conventional and organic grains. Terry Wolf, chairman of U.S. GrainsCouncil, said in the release that this is causing E.U. growers to foregobiotechnology's potential benefits.
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7803 5544 || Fax : 603 - 7803 3533