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News 29311 to News 29320 of about 29523 news within page 2932
29311. 28/07/2001
7/27/2001 (The Economist Intelligence Unit ) - China's new GMO regulationsare already making an impact particularly on soybean trade. But the futureof bio-tech products in China remains far from certain.
29312. 28/07/2001
7/27/2001(The Economist Intelligence Unit) - For all the disagreementbetween China and its future WTOtrading partners on agricultural subsidiesand market access (see "The grapefruit of wrath", BC, Jan 29th), soybeanshas been the one bright spot on China's agricultural import portfolio anda major success story for exporters from the US, Argentina and Brazil.Over the past five years, China has modernised its oilseed-crushingindustry, resulting in greater consolidation and higher productivity,which has helped push down domestic prices for oil and oilseed meal closerto world price levels. This has made imported soybean meal and oil lessattractive, and imports of both commodities today are down to just one-quarter of 1996 levels. Meanwhile, China's annual crushing capacity grew10% last year, to 23m tonnes, and is expected to grow 13% in 2001. Thishas propelled demand for raw materials--bulk soybeans.The oilseed-crushing industry's growth has been driven mainly by theconstruction of modern facilities in eastern and southern China. Thecountry's major soybean production areas, however, are concentrated in thenorth-east. Unreliable and expensive inland transportation inhibits thedistribution of domestic soybeans at a competitive price to crushersacross the country. As a result, the newly revived oilseed-crushingindustry has come to depend on imported soybeans, which are cheaper, ofhigher quality and available throughout the year. Imports of soybeans,which account for the majority of oilseeds China sources from abroad, havesurged more than 10 times over the past five years. Last year, Chinaimported 10.4m tonnes of soybeans, and by May of 2001 had bought another4.6m tonnes.In response to falling grain prices, the Chinese government has beenencouraging farmers to plant soybeans. In 2000, total soybean-sown areareached 9.2m ha--an increase of 15% over 1999--and production rose to anestimated 15.7m tonnes. Inherent inefficiency in domestic farm production,however, still render Chinese soybeans unable to withstand direct foreigncompetition. Traditional state-subsidised procurement systems haveresulted in excessive stock build-ups, which have further distortedbalance between demand and supply.Soybean imports have been more dramatically affected by a new law,introduced on June 6th, requiring safety certification and labelling ofagricultural GMOs. GMO soybeans account for 63% of total soybean acreagein the US, 50% in Argentina, and over 20% in Brazil. Currently, none ofthese exporters segregate GMO and non-GMO soybeans domestically. Theadditional cost to have US soybeans labelled, obtain safety certificates,and cover inspection fees is estimated at about US$30 per tonne. No newpurchases have been signed since June 6th and multinational traders haveraised the deposit rate on soybean contracts to 20%, from the usual 5-10%.
29313. 28/07/2001
25 July,2001 (Oil World Flash) - Malaysian palm oil prices recoveredyesterday and have a further rally potential in the weeks ahead due to theoutlook for a decline in stocks below the year-ago level. A slowing-downof the production coupled with continued high demand will already reducetotal Malaysian palm oil stocks below the year-ago level as of end-July.Prospects for a slowing-down of production for the remainder of this yearcould lead to a significant drawdown of stocks as end-December. Within thenext 3-5 months palm oil could even rise to a premium vis-a-vis soybeanoil. This would then shift world import demand for vegetable oil also toUS soybean oil, particularly in Oct/March 2001/02.We currently estimate total Malaysian palm oil stocks at 1.02 Mn T as ofend-July, down from the 1.08 Mn T a year ago. As of end-June stocks werevirtually unchanged from the year-ago level at 1.03 Mn T. We estimatetotal palm oil exports from Malaysia at around 870 Thd T in July, which isdown from the near-record 970 Thd T in June but still up sharply from the722 Thd T exported inJuly 2000.Some Malaysian sources indicate that Malaysian stocks as of end-July wouldbe even lower at between 0.97 and 1.0 Mn T. Malaysian palm oil exports forthe first 25 days of July amounted to 721 Thd T, down 8% from a monthearlier (according to data supplied by Intertech Testing Services thismorning), but still up sharply from last year. Very big exports took placeto the EU and India.The slowing-down of the Malaysian palm oil production will be due to adecline in the biological yield cycle (partly linked to the previousfertilizer cut) but also to a intensi-fied cuttings of old palm trees. Wereported last week that 175 Thd ha of old trees have been registered forreplanting within the government programme launched earlier this year tostimulate the necessary replanting which had been postponed and delayed inpreceding years. The government is supporting the replantings with asubsidy of Ringgit 1000 per hectare. Under current regulationsthese replantings must occur until end-December. It is possible, however,that this date might be pushed forward until next year.Dryness has become a problem in several palm oil growing areas of West andEast Malaysia. Rainfall was deficient in May with only an average 71% ofnormal in West Malaysia and 63% of normal in Sabah. According to tradereports it remains drier than usually in June and the first two weeks ofJuly. The situation must be ob-served closely, because continued drynesswould affect the trees and have an impact on production in the secondhalf of next year and early 2003.
29314. 28/07/2001
Trans fats more harmful than saturated fats, says AHA study7/27/2001 (DataTimes )- Remember when wolfing down a big plate of fries atthe drive-in went from fun to frightful?It started when scientists discovered the heart-related dangers of foodssoaked in saturated fats, including animal-based fats like lard and palmand coconut oils. They said the solution was to cook those fries (ordoughnuts or cookies or pies) with trans fat, better known as hydrogenatedvegetable oil.Well, hold onto your junk food coupons, campers: A study reported lastweek by the American Heart Association says foods cooked with trans fatsmay be more harmful to your blood vessels than those cooked inold-fashioned saturated fat.But before you celebrate, here's the rub: Neither fat is good for you."It's not so much that we should be deciding to choose one fat overanother. The real message in this study is the need to reduce our intakeof both trans fats and saturated fats," says Cindy Moore, director ofNutrition Therapy for the Cleveland Clinic Foundation and a spokeswomanfor the American Dietetic Association.The goal of the research was "to compare saturated fats with trans fatsbecause of their potential to affect HDL levels," says lead study authorNicole DeRoos of Wageningen University in the Netherlands. HDL, or highdensity lipoprotein, is the "good" cholesterol that helps prevent heartdisease.DeRoos says the research showed that trans fats reduced blood vesselfunction nearly one-third more than saturated, lardlike fats, and theyreduced HDL cholesterol levels up to one-fifth more than saturated fats,increasing the risk of heart disease.DeRoos says the nasty effects are partly the result of the hydrogenationprocess that infuses substances like corn or soybean oil with a hydrogenatom, turning liquid oils to solid fats at room temperature. Trans fat,called "hydrogenated" or "partially hydrogenated" oils, are listed on thelabel of your favorite cookies, cakes or pies.While the negative effects of trans fats may be new to most folks, thefinding is no surprise to Moore and other nutrition experts."I think this demonstrates the ongoing recommendation of the AmericanHeart Association and others that we need to limit the amount of saturatedfats as well as trans fatty acids in our diet to no more than 10 percentof our total fat intake," Moore says.She says the rest of our fat intake, which should amount to no more than35 percent of our total dietary calories, should come from mono- orpolyunsaturated fats, like olive or canola oils in their natural, liquidstate."The chemical structure of these fats are different, and they do not havethe negative impact on our health as do the other fats. In fact, they canbe good for us," Moore says.DeRoos also warns: "Ready-made foods such as french fries, doughnuts andcrackers are the main source [of trans fatty acids in our diet], andlow-fat margarines rich in polyunsaturated fat and low in saturated fatsare still a healthier alternative than butter."
29315. 27/07/2001
Kuala Lumpur, 26 July 2001 (Business Times) - THE Forest ResearchInstitute Malaysia (Frim) is holding talks with a government landdevelopment agency to promote agro-forestry among smallholders to helpthem improve their earnings.
29316. 27/07/2001
KUALA LUMPUR, 24 July 2001 (Business Times) - Owners of oil palmplantations have seven more days to register with the Malaysian Palm OilBoard to receive an incentive of RM1,000 per hectare for replanting oilpalm trees.
29317. 27/07/2001
Thursday, July 26, 2001 - PALM OIL traders have been advised againsthoarding stock in the hope that prices will further increase in the nearfuture as high production months are up ahead in September and Octoberthis year.According to Primary Industries Minister Datuk Seri Dr Lim Keng Yaik,although steps taken by his ministry over the last four months hadresulted in palm oil prices escalating to about RM1,200 a tonne, fromRM800, the downward trend could recur."Remember, whatever goes up can come down again," Lim said, adding thatwhile both palm oil and soya oil prices had increased recently, soya oilprices were still higher compared with palm oil's.Lim told reporters this after opening a seminar on medicinal and aromaticplants organised by the Forest Research Institute Malaysia in Kuala Lumpuron Tuesday.According to Lim, it is still possible for palm oil prices to climb higherby an additional RM200 to RM250 a tonne, placing their prices at the samelevel as that of soya oil in international markets.He said, however, that the current price discrepancy was testimony to thefact that palm oil had not been marketed aggressively enough."Plantation firms should also consider diversifying their activities toreduce dependence on a single crop," Lim said, adding that only a fewcompanies had taken up the call.According to Lim, mono-crop planters have in the past been advised towiden their scope of activities and look to cattle rearing or herbalplantation as a supplementary source of income.Unfortunately, he said, the plantation sector had proved to be veryconservative and preferred to "stick only to what they know best.""As Malaysia becomes a high-cost producer, owing to rising labour costs,plantation companies will have to think of other competitive ways to makefull use of the land and its natural resources," Lim said.Using the herbal market as an example, Lim said the herbal and aromaticmarket in Malaysia was valued at RM4.55bil but only 5% of the productsused were sourced locally because there was still the tendency to use oldtechnology which gave little added value to the product.
29318. 26/07/2001
KUALA LUMPUR July 23 , 2001 10:05AM - An invitation to professionals toreturn home and an idea to recycle palm oil fibre waste prompted anenterprising Malaysian engineer working overseas to spawn a project thatis helping to heal the many areas left scarred by land development.
29319. 25/07/2001
Local councils not committed to promoting tourism
29320. 25/07/2001
Philippines inaugurate new palm plantation; further development slated
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