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News 26081 to News 26090 of about 27042 news within page 2609
26081. 17/12/2002
8/12/2002 (Financial Express) - The oilseeds processing industry,represented by the Solvent Extractors' Association (SEA), has demandedcreation of Oilseed & Oil Development Fund on the lines of the existingSugar Development Fund for the sugar industry while also calling forlowering of import duty on oilseed imports to 15 per cent from 30 per centcurrently. The SEA has even sought plantation status for palmoil in the2003-04 budget.In its pre-budget memorandum submitted recently to the finance minister,the SEA has said that cash incentives should be paid to farmers to growoilseeds, while a moratorium be made available on edible oils import duty.Among other demands, SEA has said that the import duty on oilseeds bereduced to 15 per cent, exemption of excise duty on rice bran oilbyproducts like fatty acids, acid oil, wax and gum and on food-gradehexane. It has favoured exemption of vegetable oil and its byproducts froman uniform floor rate for sales taxes imposed by the states. The corpus ofthe proposed oilseeds and oils fund can be deployed as financial incentiveto growers of oilseeds and for grant of soft loans to the processingsector for technological upgradation of the oilseeds processors.The SEA president, Mr Bipin V Patel, while presenting his pre-Budgetmemorandum to the finance minister pointed out that the country iscompelled to import 45-50 lakh tonnes of edible oils every year at a costof Rs 10,000 crore. He suggested that the farmers should be given somefinancial incentives, apart from assured remunerative prices to growoilseeds. This can break the mono-cropping of wheat and rice and encouragecrop diversification. According to Mr Patel, this proposal needs to beimplemented in 2003-04 as the drought in 2002-03 has already affected theoilseed crops and the projected output is likely to be between 175 to 180lakh tonnes only. Mr Patel demanded a moratorium on the existing importduty structure for edible oils, as this will instill confidence in farmersand processors to increase output. He also suggested not to accept anysuggestion for duty difference between different segments of edible oilsector like vanaspati and refinery for import of crude palmoil. He saidthat different segments of vegetable oil industry have multiple linkageand differential treatment for one segment disturbs interlinked paritiesand gives room for malpractices for availing of preferential treatment andcreates unhealthy competition.Further, the SEA has sought lowering of import duty on oilseeds from 30 to15 per cent, while stringent quantitative restrictions be relaxed in linewith international practice of accepting phytosanitary certificate fromexporting countries as is done in Japan, China, Taiwan and Pakistan forimport of oilseeds. This would help the processing units to fully utilisetheir rated capacity, Mr Patel said.According to Mr Patel, the 16 per cent excise duty on byproducts ofricebran oil-like fatty acids, acid oil, wax and gum should be removed. Hesaid that there is no logic in imposing excise duty on the byproducts ofrice branoil when rice branoil itself is exempted from excise duty. Heassured that if this demand is complied with then the rice branoil outputwould go up from the present level of 175,000 tonnes to 400,000 tonnes intwo to three years. He also demanded removal of 32 per cent excise duty onfood grade hexane which is used by processors to extract vegetable oil.
26082. 17/12/2002
JAKARTA, Dec 11 (AFP) - The Indonesian Palm Oil Producers' Associationforecasts a rise of almost seven percent in domestic crude palm oilproduction next year and a slight increase in world prices, an industryexecutive said Wednesday.Association chairman Derom Bangun said he expects Indonesia's palm oilproduction in 2003 to rise by 6.7 percent to 9.6 million tonnes.He said exports next year are estimated to reach 6.1 million tonnescompared with 5.5 million tonnes this year.Bangun said many of the country's palm oil plantations are not yet fullyproductive because trees are not mature. But in 2005 the country couldreach production of 12 million tonnes a year.He gave no figure for the estimated rise in world prices.Malaysia, the top palm oil producer, is estimated to produce 11.8 milliontonnes this year and export 10 million tonnes of this.
26083. 17/12/2002
(Chemical Business NewsBase) 11/18/2002 - Industry representativesestimate Indonesia is adding 10-20 new palm oil plants of 30-60 tonnes/hcapacity each year. Over a half of output is being exported. Palm oilproduction rose from 5 M tonnes in 1998 to 8.3 M tonnes in 2001. 9 Mtonnes is expected in 2002 and 9.2 M tonnes in 2003. Driven by the highprice on world markets and export duty of 1-3%, exports are growing fasterthan production. Exports rose from 1.5 M tonnes in 1998 to 4.9 M tonnes in2001. 5.5 M tonnes is expected in 2002 and 5.7 M tonnes in 2003. The maincustomer is India, followed by the EU and China.
26084. 17/12/2002
12/04/2002 (The Star) - KULIM (M) Bhd will be investing RM22mil over thenext three years to install total waste management systems at its palm oilmills in Malaysia and Papua New Guinea.Its managing director Ahamad Mohamad said that to date, only one of thecompany's palm oil mills in Johor had adopted the total waste managementtechnology.'We have 11 palm oil mills - seven in Malaysia and four in Papua NewGuinea - and will gradually install the system over the next three yearsat all our mills," he said.Ahamad said this at a press conference after the signing between Kulim andAsiaGreen environmental Sdn Bhd in Kuala Lumpur yesterday.To date, the company has oil palm operations in Malaysia, Papua New Guineaand Indonesia, with total planted area of 70,000ha. The signing was inconjunction with Kulim acquiring a 30% shareholding in AsiaGreen.The other shareholders of AsiaGreen are Bertam Holdings Plc 30% and otherindividual shareholders 40%Set up in 1997, AsiaGreen is a 'green' technology provider of total wastemanagement solutions.AsiaGreen managing director Steven Chong said the system that Kulim wouldbe adopting used bio-technology that enabled oil palm waste to beconverted into nutrient-rich organic fertilisers.'The system saves production costs and enables valuable organic compost tobe recycled back into the oil palm estates as well as improve soilproperties. It promotes better growth of oil palm and hence good potentialfor higher yield. Oil palm millers using the system can also expect areturn on investment of less than three years," Chong said.According to Chong, AsiaGreen will also be expanding its waste managementbusiness overseas.The company now has a compost plant in Papua New Guinea and is negotiatingto set up composting plants in Indonesia, Myanmar and China.He said the scope of the system's usage and its technology was huge inview of the fact that palm oil generated about RM15bil in foreign exchangefor Malaysia annually.
26085. 17/12/2002
Jakarta, Dec 11 (ANTARA) - Crude palm oil (CPO) as one of Indonesia'sleading commodities outside natural oil is predicted to enjoy thefavourable position at least in the next ten years.General chairman of the Indonesian Plantation Companies Association (GPP),Bengkulu chapter, Sri Mulyono Herlambang said here Wednesday many factorscould make Indonesia's plantation produce to become leading commodities,such as the expansion of the existing acreage of oil palm plantations,especially in Sumatera and Sulawesi, the fact that the quality and volumeof production could still be increased by using superior seeds.In addition the increasing CPO consumption in line with the increasinglydiversified end-products like cooking oil, margarine, soap and cosmetics,while competitors in processed products of sunflower and soya bean arestill very few.He also said that as the result of intensive research work, at least 50derivatives can be produced from CPO. The latest discovery was made by ahealth researcher who had found that CPO can serve as an inhibitor ofcancerous cells, while in Malaysia, palmoil has been developed into fuelto replace natural oil.Other support factors include the location of the Indonesian archipelagobeing right on the equator with its tropical climate highly suitable forthe raising of oil palm crops.Herlambang, who happens to be a former Indonesian Air Force chief ofstaff, and now member of the People's Consultative Assembly (MPR), saidBengkulu Province alone has cultivated some 100,000 ha of its land withoil palm trees, and this acreage could still be doubled in the future. Notto mention those in some other provinces in Sumatera, Sulawesi and IrianJaya.To promote the quality and volume of CPO production in Bengkulu,Herlambang along with 22 members of the GPP have started socializing theuse of crop cards for each farmer who runs a smallholder plantation withthe use of Marihat superior seeds as recommended by the government.Through the GPP of Bengkulu, Herlambang also hoped some day he, along withthe Bengkulu administration, could build a cooking oil factory to meetdomestic needs, provide employment for the local people, and contribute tothe earnings of the local administration.
26086. 17/12/2002
MANILA, Dec 6 (Asia Pulse) - A research team of the National Institute ofMolecular Biology and Biotechnology (BIOTECH) at the University of thePhilippines in Los Banos, Laguna (UPLB) has developed novel products fromcoconut oil such as specialty fats, flavor esters, and antibacterialagents.The team led by BIOTECH director Teresita Espino changed the chemicalproperties of the oil through catalysis using lipase, an enzyme that aidsin the breakdown of fats and oils.Lipase use is actually the output of the team's earlier research on thedeveloping the technology for large-scale low-cost lipase production.The specialty fat is called medium chain triglyceride (MCT), an excellentalternative for regular vegetable oils because it is easily absorbed bythe body and has lower calorie content.While regular oils contain nine calories per gram, MCT has only 8.3, andunlike regular oils, it does not stay in the body as fat because it isquickly used up as energy.The anti-bacterial beta monoglyceride (MG), another coconut oil-basedproduct, is an effective and safe fruit and vegetable protectant.The research team found out that when used as coating for fruits andvegetables, MG not only wards off bacterial infection but also preservesthe fruits' color, odor and firmness for up to two weeks.MG can also be used as an alternative to triclosan and triclocarban,strong anti-microbial agents in soaps and detergents. The project revealedthat MG fights bacteria that cause diarrhea and gastro-intestinal diseaseswithout any adverse effects to health.Food companies will also appreciate the coconut oil-derived flavor estersisoamyl acetate for banana flavor and ethyl butyrate for pineapple flavor,being natural components preferred by consumers."The production of high-value products from coconut oil is one way wherewe could help improve the competitiveness of the coconut industry," Espinosaid.Adoption of this technology would help raise the income of coconutfarmers, village level entrepreneurs and commercial coconut oil-basedindustries. It also offers an alternative application for the utilizationof coconut oil, he added.The research is undertaken through the Philippine Council for AdvancedScience and Technology Research and Development (PCASTRD), an agency ofthe Department of Science and Technology (DOST), which provided itsfunding.
26087. 17/12/2002
12/9/2002 (Soybean Digest ) - For some, the start-up of the new SoybeanProducers of America (SPA) is a godsend. But many others, farmers andindustry folks alike, are puzzled by this new organization.What could make this group different from the old standby American SoybeanAssociation (ASA)?Talk with SPA's executive director and former ASA member Harvey Joe Sannerfrom Des Arc, AR."We're disillusioned with ASA and have been for some time," Sanner says."We believe its policies have had more benefits for industry than forproducers. It's just not producer-oriented enough."That's not a new theme by a long shot. In fact, you might think forming anew association that differs from mainstream groups is radical.But the American Corn Growers Association, for instance, provides anopposing view and alternative choice to the National Corn GrowersAssociation.Also, Ranchers-Cattlemen Action Legal Fund (R-CALF), a splinter group inthe beef industry, is picking up steam as another choice for cattleproducers rather than the age-old National Cattlemen's Beef Association.Initially, the R-CALF group was formed to fight Canadian border tradeissues.Now, even the National Pork Producers Council expects another porkproducer group could be in its not-so-distant future.So the idea of a new soybean association taking root isn't far-fetched.According to SPA's Sanner, a past president of the American AgriculturalMovement, going head-to-head with ASA "will be tough, but there's a need."And says SPA's president Dewayne Chappell, a soybean grower also from DesArc, "We won't let big agribusiness drive our policy."So far, SPA is comprised of a board of directors from Arkansas,Mississippi, Nebraska, Illinois and South Dakota.SPA's bylaws and policy state it won't accept money from seed and chemicalcompanies. Also, its core membership will be farmers.ASA, on the other hand, already has 26,000 dues-paying members and hasbeen operating over 80 years. "We have a grassroots process thatrepresents soybean farmers well," says Steve Censky, CEO of ASA. "Andwe're going to keep on doing what we're doing -- trying to increase farmerprofitability."Soybean Digest is a stalwart supporter of ASA. But if someone else can bea striking force for more profits, have at it. And if there's any way tomake you more money, then maybe there's room for someone else on theblock.
26088. 17/12/2002
12/02/2002 (The Star) - Malaysian palm oil exports outlook for theremaining part of 2002 and 2003 is likely to improve, possibly by morethan 30%, due to anticipated acute shortages in the world's vegetable oilssupply during 2003. During 2001, palm oil exports increased by 16.7% to10.6 M tonnes compared to 9.08 M tonnes in 2000. The strong growthpotential in palm oil earnings is mainly due to the current steady rise inthe price of crude palm oil (CPO) now trading above Ringgit 1500/tonneagainst the average CPO price of Ringgit 894/tonne in 2001.According to the Economic Report 2002/2003, the targeted export earningsfrom both crude and processed palm oil is to increase by 35.5% to Ringgit13.56 bn for 2002 (Ringgit 10 bn in 2001). Plantation analysts still havepositive outlook for palm oil exports despite India's move to revise itsbase import price for different types of palm oil. India, which isMalaysia's largest palm oil importer, imported 1.4 M tonnes of palm oilfrom Malaysia, accounting for 15% of total palm oil exported during thefirst nine months of 2002.
26089. 02/12/2002
IPOH, Nov 30 (NSTP): Felcra hopes to capture a slice of the the MiddleEast and African market by opening a palm oil refinery in Oman on ajoint-venture basis with a local company soon.Its chairman Datuk Hamzah Zainuddin said the refinery would be the firstto be set up by Felcra."It will be carried out jointly with a reputable public-listed company inthe Sultanate, he said yesterday.The Finance Ministry had given its approval and an agreement is expectedto be signed mid next month.Felcra will hold a 49 per cent stake in the project with an investment ofRM7.5 million, with the remaining stake be held by the Oman company.The total cost of the refinery is about RM100 million, 80 per cent to befinanced by Oman banks.Present was Perak Felcra regional manager Jahare Abu Bakar.Hamzah said the construction of the refinery would begin soon, and wouldbe completed by early 2004. The refinery would largely be managed byMalaysian personnel as Oman did not have the expertise, and would processcrude palm oil imported from Felcra's 150,000 hectares of plantations inMalaysia.The refinery would be located near Port Salalah to enable the palm oil tobe exported to countries like Yemen, United Arab Emirates (UAE), Dubai andQatar.Felcra is also studying the possibility of downstream activities in India,which is a major importer of the commodity.In Kuching, Felcra brought early Hari Raya cheer to 2,636 participants ofits land schemes in Sarawak, by paying them dividends averaging RM600 eachParliamentary secretary to the Rural Development Ministry Datin PadukaRohani Abdul Karim said the total dividends given out this year in theState was RM1.56 million."On the average, each participant gets RM600, but there is one participantis getting RM33,975 as his farm of 13 hectares was well managed," shesaid.Present was Felcra's general manager Juzilman Basir."Palm oil prices this year is good, and is expected to remain at the samelevel next year, Rohani saidShe also said Felcra does not focus its attention solely on plantationdevelopment, but also provided facilities such as skills developmenttraining and infrastructure development in its areas.Juzilman said dividends totalling RM84.8 million would be distributed tothe 77,000 land scheme participants nationwide this year.
26090. 02/12/2002
IPOH, Nov 30 (Bernama) -- Felcra Berhad plans to set up a RM7.5 millionpalm oil refinery in Oman next year, said its chairman Datuk HamzahZainudin."This will be Felcra's first venture into the palm oil industry in WestAsia," he said after attending a breaking of fast function here yesterday.
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