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News 26411 to News 26420 of about 27042 news within page 2642
26411. 09/02/2002
   
LUMUT, Feb 8 (Bernama) -- Port operator, Lumut Maritime Terminal Sdn Bhd,(LMT) expects its five year old port in Lumut, Perak to see throughputgrowing at 20 percent a year over the next five years, its chief executiveoffice Harun Halim Rasip said.
26412. 09/02/2002
   
SHAH ALAM, Feb 7 (Bernama) -- A Malaysian innovator-turn technopreneuroffers a new service to industries wanting their industrial material toundergo a strength test according to their needs and requirements.
26413. 09/02/2002
   
8/2/2002 (Business Times) - THE soyabean producers took on the palm oilindustry a while back, and there was nothing gentlemanly about thecampaign too, the sole objective being to defend its share of the globaledible oils market.It was a bruising battle but palm oil ultimately triumphed as claims bythe soyabean lobby that the commodity of which Malaysia is the biggestproducer was unhealthy quickly proved to the contrary.Indeed the smear tactics backfired and palm oil became even more popularamong the world’s increasingly health-conscious consumers, ironicallythanks in part to the publicity generated.This was in the late-1980s. Now it looks like a new challenger is climbinginto the ring; not quite a heavyweight like soyabean, but one which couldnevertheless still put palm oil to the test.It has emerged that the tallow industry, a relatively minor player in theglobal edible oils and fats trade, is leading the fresh attack.Tallow is mostly produced from the suet of sheep or cattle, and containsstearin, palmitin and olein that can be used to make candles and soap.According to Malaysian Palm Oil Promotion Council market promotionsdirector Dr Ahmad Ibrahim, the council had been alerted to a disturbingincident at a recent oleochemical conference in Amsterdam.A speaker who represents an Australian oleochemical company toldparticipants that oil palm cultivation was destroying the environment.In the presentation, it was claimed that the activity was bad news for theenvironment because of the excessive use of fertilisers, pesticides andherbicides which contributes to loss of biodiversity.The speaker also alleged that massive regions of rainforests had beencleared in Indonesia to plant oil palm.In truth, of all the edible oils crops, studies have shown that oil palmcultivation poses the least threat to the environment, Ahmad said.For one thing, it is a crop which depends very little on inorganicfertilisers and herbicides compared to its rivals, he said in his columnfor Business Times.In addition, Malaysia has progressive plantation companies, with GoldenHope, forexample, having even won the prestigious UN Global 500 award forthe zero-burning technique it introduced to the industry, Ahmad said.The fact is the tallow industry has been feeling the impact of a falloutfrom the mad cow disease epidemic in Europe, which conversely benefitedthe palm oil industry.The mad cow disease scare has prompted the European Union to ban animalfeed derived from animal fats, and that includes tallow.“The EU’s import of palm stearin rose almost immediately after therestriction was put in place.”It looks like the desperate effort to smear palm oil is the direct resultof that, and given consumers’ growing concern over the environment, thethreat of rainforest and biodiversity degradation is a convenient tack, hesaid.Animal fats were already experiencing a downtrend in trade and consumptionbefore now, largely on account of their negative nutritional value, butalso because of religious taboos, Ahmad noted.Today, very little of the world tallow output is eaten, mostly being usedto make soap or processed into oleochemicals and their derivatives, headded.World production of tallow now total just above 8 million tonnes a year,compared to palm oil’s well 20 million tonnes.Malaysia alone produces over 11 million tonnes of palm oil annually.The US is the main source of the world’s tallow, accounting for close to48 per cent.The EU is a distant second with under 13 per cent.Australia, with a 6 per cent share, is however the biggest exporter of thecommodity after the US. In 2000, the US exported slightly more than 1million tonnes, and Australia about half that, which makes the latter theworld leader in the sector in terms of export per unit production.
26414. 07/02/2002
   
MUMBAI, Feb. 4. (Business Line) - SERIOUS malpractices in the import ofvegetable oils including misuse of concessional duty and misdeclaration ofoil to avail of lower duty need to be checked with effective rules to plugpossible loopholes, a Kolkata-based trade association has urged.In a representation to the Central Board of Excise and Customs, Mr RajuMansinghka, President of the All-India Oils and Seeds Foreign TradeAssociation, has pointed out that fatty acid distillate is mixed withrefined oil and declared as crude oil in order to avail of lower customsduty on the latter.In order to address the issue which has serious health implication, theassociation has suggested a stipulation of minimum of 3 per cent freefatty acid content for crude oils of palm group or reduction of the dutydifferential between crude and refined oils to 15 percentage points.In the guise of vanaspati imports from Nepal, a lot of refined liquid oil(refined palm oil) is flowing into the country, the trade body hasalleged, adding that though declared as vanaspati, such oil is neitherhydrogenated nor is sesame oil used as tracer.The association has recommended that restricting vanaspati imports fromNepal through only two or three customs borders and testing of samples forquality by the customs and Government food laboratories would help preventmalpractice and reduce distortions in the market.
26415. 07/02/2002
   
DUBAI, Feb 6 (Bernama) -- Malaysia is looking at new ways to boost palmoil exports to Gulf Arab countries, a senior Malaysian Palm Oil Board(MPOB) official said here on Tuesday.
26416. 07/02/2002
   
KUALA LUMPUR, Wed. 7 February, 2002 (NSTP) — Rubber smallholders will bediscouraged from replanting their land with oil palm in a bid to ensurethere is sufficient latex for downstream activities in the country andthose who insist on doing so will lose the government subsidy.
26417. 06/02/2002
   
KUALA LUMPUR, Feb 4 (Bernama) -- The oleochemicals industry will see astable growth of between 5.0 and 6.0 percent in 2002 amidst higher demandfor products which use oleochemicals, says director-general of MalaysianPalm Oil Board (MPOB) Datuk Yusof Basiron.
26418. 06/02/2002
   
BANGI, Feb 5 (Bernama) -- Minister of Primary Industries Datuk Seri Dr LimKeng Yaik Tuesday said that his ministry has asked the Cabinet to give itthe authority to screen and approve applications for the recruitment offoreign workers in the plantations and estate sector.
26419. 04/02/2002
   
Kuala Lumpur 4 January, 2002 (NSTP) - THE agriculture sector is in for aslower growth of 0.8 per cent in 2002 due to declines in production ofcrude palm oil, rubber and saw logs.Crude palm oil production is expected to decline by 2.1 per cent nextyear, on account of low biological yield cycle of the crop and the largehectarage which has been taken out of production due to replanting.Rubber production is projected to drop 1.7 per cent in 2002 in line withMalaysia’s obligation to reduce output by 4 per cent under a tripartiteagreement with Indonesia and Thailand.At the same time, saw logs production is expected to decline by 2.9 percent in 2002 in tandem with the policy of sustainable forest management.Following that, exports of major commodities in 2002 is expected to remainunfavourable, primarily attributed to lower prices for all majorcommodities, including palm oil and crude oil.Sawn timber production is expected to contract by 13.8 per cent in 2001,causing value added of forestry sector to decline by 11.2 per cent toRM2,746 million.Aquaculture, fishing and crops like tobacco, pepper and herbs are expectedto register higher output. In fact, pepper production is expected toincrease by 14.2 per cent in 2001 from a larger planted area of 13,500 ha.Value added agriculture sector including livestock, forestry and fishingis estimated to increase by 1.2 per cent in 2001 to RM17.91 million fromRM17.69 million last year.Agriculture growth will be driven by a 8.9 per cent growth in productionof crude palm oil, coupled with higher growth of 3.1 per cent in valueadded agriculture.For 2001, production from rubber and saw logs is expected to decline by5.7 per cent and 11.2 per cent respectively, while value added in fishingcontracts by 1.9 per cent.In 2001, export earnings from primary commodities comprising agriculturalproduce and mineral products are estimated to decline by 9.3 per centagainst a growth of 12.1 per cent in 2000.Export earnings from agricultural commodities are seen recording a smallerdecline of 6.8 per cent in 2001 due to lower decline in export volume ofsaw logs, rubber and sawn timber.Exports from mining are estimated to decrease by 11.2 per cent from 60.9per cent last year due to lower price of crude oil and LNG.Earnings from palm oil is expected to turn around by 6.4 per cent, after asharp drop of 31.3 per cent in 2000, in anticipation of higher price ofpalm oil for the rest of the year. As such, export volume is expected togrow by 19.6 per cent this year.Receipts from the export of saw logs are estimated to below at RM1.65billion in 2001 compared to RM2.49 billion last year, as a result ofcontraction in both export volume of 21.3 per cent and export unit valueof 15.7 per cent.Meanwhile, higher domestic demand for rubber has resulted in lower volumeavailable for export. A decline in rubber export volume of 11.1 per centin 2001 and unit value of 7.5 per cent will result in export earnings todecline by 17.7 per cent.Export receipts from cocoa is estimated to rise by 60.8 per cent to RM53million. Export unit value of pepper is expected to decline by 54.3 percent to RM7,143 per tonne from RM15,630 per tonne in 2000. Some RM200million in export earnings is anticipated.Export volume of crude petroleum is estimated to stagnate at 16,750 tonnesthis year. Coupled with lower prices, export earnings from crude petroleumare expected to decline by 14.5 per cent to RM12.24 billion from RM14.24billion last year.Earnings from exports are expected to decline by 7.6 per cent to RM10.44billion in 2001 from RM11.30 billion in 2000.
26420. 04/02/2002
   
KUALA LUMPUR, Feb 2 (Bernama) -- Crude palm oil (CPO) futures prices onthe Malaysian Derivatives Exchange (MDEX) were expected to be inrangebound trading next week, a dealer said.
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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.
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