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News 26781 to News 26790 of about 27557 news within page 2679
26781. 22/06/2002
   
18/6/2002 (The Star) - MALAYSIA’S position as the world’s largest palm oilproducer is under threat and might not last for very long if planters donot lower production cost and increase yields, a national seminar inKuching was told yesterday.“Our production cost is too high and yet our production per hectare islow.“Although researchers and smallholders have consistently proved that onehectare can produce up to 40 tonnes of fresh fruit bunches (FFB), thenational average is still below 20 tonnes,” according to the IncorporatedSociety of Planters (ISP) chairman Emerson Liau.He said the industry’s survival was at stake as Malaysia’s competitors hadvast tracts of good land, cheap labour and low production cost.“When the crude palm oil (CPO) price fell below RM700 per tonne last year,alarm bells were ringing everywhere,” he added at the opening of ISP’snational seminar.More than 500 participants from Malaysia and Indonesia are attending thetwo-day event themed Plantation management – back to basics.Liau attributed the country’s low yields to poorer soil, poor plantingmaterials and poor management.He said good management required more than just technical expertise andexperience; it needed close supervision of managers on the ground.“Managers need to walk the fields to see for themselves the realsituation.“Basic estate practices, like proper fertilising, regular harvesting,loose fruit collection, maintaining good field conditions, and repairingbroken bridges and bad roads, require the managers’ personal attention onthe ground.“Vehicle maintenance and repairs is another costly item that needs to beaddressed and cannot be done by remote control,” said Liau.Sarawak Chief Minister Tan Sri Abdul Taib Mahmud said in his openingspeech that the dismal national average yield of 19 tonnes of FFB and 3.5tonnes of oil per hectare had remained stagnant for the past 20 yearsalthough many private firms had achieved more than 23 tonnes per hectare.He said the government’s target was to increase the national average oilyield to 4 tonnes per hectare by next year, and 5.5 tonnes by 2010.
26782. 22/06/2002
   
Saturday, June 15, 2002 (The Star) - OLEOCHEMICALS manufacturers currentlyoperating in the Pasir Gudang industrial estate will make investments ofabout RM300mil under their expansion programme within the next two years.Pasir Gudang local council president Tan Sri Muhammad Ali Hashim said theadditional investments were for downstream activities to cater for a risein demand for palm oil by-products.He said there were at present five to seven oleochemicals manufacturersproducing fatty acids, crude and refined glycerine, stearic acid andcuprylic acid in the area.Among the major manufacturers are Kulim (M) Bhd’s Natural OleochemicalsSdn Bhd and Pan Century Oleochemicals Sdn Bhd.Ali, who is also Johor Corp chief executive officer, said the palm oilby-products had wide applications including in food and beverageproduction and health and beauty products.“Demand for palm oil by-products has been strong as more and moreconsumers worldwide go for non-animal fats in their foods and otheritems,” he said after an appearance on a radio talk show in conjunctionwith the 25th anniversary of Pasir Gudang.He said most of the major food and beverage companies and beauty houses inthe world had been using the locally-produced palm oil by-products intheir finished goods.Ali added that the Pasir Gudang–based oleochemicals makers also cateredfor the domestic market, especially the food-based industry.He said Pasir Gudang had developed from a small fishing village into awell-planned industrial estate housing about 300 factories with 30,000employees.He said the Pasir Gudang local council covered an area of 8,923ha andthere was still a further 1,500ha slated for industrial development,including 1,000ha in the nearby Tanjung Langsat area.The 1,887ha Tanjung Langsat industrial park is being developed into apetrochemical hub at a cost of RM501mil by Johor Corp subsidiary,JohorTechnopark Sdn Bhd.The park envisages that petrochemical plants would account for 60% of itsactivities, with gas production, steel-making and marine andmarine-related industries accounting for the balance 40%.(The informations and opinions expressed in this article represent theviews of the author only. They should not be seen as necessarilyreflecting the views of Palm News)
26783. 18/06/2002
   
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26784. 18/06/2002
   
SHAH ALAM, June 17 (Bernama) -- International flavours and foodingredients manufacturer, Quest International and its joint venturepartner, Kuala Lumpur Kepong Bhd, are doubling the production capacity intheir Malaysian emulsifier plant as a long term strategy to meet globaldemand for an alternative to soybean oil and animal fat-based foodemulsifier.Chairman of the board of directors of the joint venture company, EsterolSdn Bhd, Declan MacFadden said that the company was now in the finalstages of commissioning an expansion of production capacity to 30,000metric tonnes per annum."The total investment for the Esterol plant amounts to RM57 million todate," he said at a press conference after the official opening of EsterolSdn Bhd.The food emulsifier produced by Esterol is mainly used to enhance thetaste and quality of food."Our biggest drivers for growth have been the bakery, dairy andconfectionery markets," he said.Fadden said the company's main raw material was palm oil which wasaccepted in many countries due to its nutritional benefits as opposed togenetically modified types of vegetable oils."Some 90 percent of the emulsifier that Esterol produces are for exportswhile the balance are for local consumption in Malaysia," he said.The main export markets are in Europe, North America, Australia and China.Chairman of Quest, Paul Drechsler said the Esterol plant was the onlymanufacturing site for the production of emulsifier in Asia.Quest has another two plants, one in Canada and the other in theNetherlands. -- BERNAMA
26785. 18/06/2002
   
SHAH ALAM, June 17 (Bernama) -- Palm oil producers have been urged to gofor large scale, lower cost productions to take advantage of the high palmoil price currently.In making this call, Primary Industries Minister, Datuk Seri Lim KengYaik, said that Crude Palm Oil (CPO) price had risen steadily to RM1,450per tonne from RM700 per tonne a year ago.
26786. 18/06/2002
   
AYER TAWAR (Perak), June 16 (Bernama) -- The Primary Industries Ministryhas set a minimum production quota for primary commodities to help rubber,oil palm and cocoa smallholders earn good income, Minister Datuk Seri DrLim Keng Yaik said Sunday.He said smallholders and government agencies like Risda, Felda and Felcrashould abide by the quota as it was a productive production capacity.
26787. 18/06/2002
   
JOHOR BAHARU, June 14 (Bernama) -- The Pasir Gudang industrial area herewhich produces almost 600 million tonnes of palm oil a year, plans tofurther expand its palm oil based downstream activities.Chief executive of Johor Corporation (JCorp), Tan Sri Muhammad Ali Hashim,Friday said that to meet the objective, more companies would be encouragedto start palm oil based downstream activities in Pasir Gudang.
26788. 17/06/2002
   
BOMBAY, June 13 (Reuters) - India's edible oil imports rose 26.4 percentto 471,570 tonnes in May from a year earlier, a leading trade body said onThursday.India, the world's largest edible oil importer, purchases palm oil mainlyfrom Malaysia and Indonesia and soyoil from Argentina and Brazil.Imports of crude palm oil (CPO) in May more than doubled to 216,249 tonnesfrom 95,128 tonnes, the Solvent Extractors' Association of India said in astatement.India imported 101,242 tonnes of crude palm olein during the month againstnil imports in the same month of the previous year.But imports of refined, bleached and deodorised (RBD) palm olein plummetedto just 9,434 tonnes in May from 103,320 tonnes a year earlier, thestatement said.The sharp fluctuation in palm oil imports was mainly due to a change inimport duties effected by the government last year, which prompted tradersto switch to crude oils from refined ones.India currently imposes a 85 percent basic import duty on refined oil, 65percent on crude palm oil and 45 percent on soybean oil.Imports of soybean oil (degummed) marginally fell to 137,745 tonnes in Mayfrom 145,093 tonnes a year earlier.During November-May, the first seven months of the oil year, imports fell19 percent to 2.15 million tonnes from 2.66 million, the statement said.CPO imports were up 27.6 percent to 1.09 million tonnes, while imports ofsoybean oil rose by 24.9 percent to 505,454 tonnes during the same period.Imports of RBD palm olein fell sharply to 118,895 tonnes in November-Mayfrom 1.05 million tonnes, but crude plam olein imports substantiallyincreased to 415,174 tonnes from just 14,520 tonnes in the same period ofthe previous year.
26789. 14/06/2002
   
KUALA LUMPUR, June 13 (Bernama) -- Malaysia Derivatives Exchange Bhd(MDEX) is considering the cross trading of derivative products with otherexchanges in the region in order to provide greater liquidity anddiversity of derivatives products.Cross trading is an effective option for regional derivatives exchanges toconsider in expanding investor interest in regional derivative products,MDEX chief operating officer Dr Zaha Rina Zahari said.
26790. 14/06/2002
   
KUALA LUMPUR, June 13 (Bernama) -- An increase of one percent in the oilextraction rate (OER) could bring in an annual RM17 million revenue forKumpulan Guthrie Bhd (KGB), said its group chief executive officer, TanSri Abdul Khalid Ibrahim here Thursday.He said the amount was based on their current production of 300,000 metrictonnes of Crude Palm Oil (CPO) with an average price of RM1,100 to RM1,200per metric tonne.
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