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News 31571 to News 31580 of about 32006 news within page 3158
31571. 19/10/2001
KUALA LUMPUR, Oct 18 (Reuters) - Malaysian palm oil futures broke a keyresistance level and edged higher by midday on Thursday due to technicalcovering and talk of market-friendly export figures, traders said.Cargo surveyors ITS and SGS are scheduled to release the export figuresfor the first 20 days of October next Monday.At the midday break, the new benchmark third-month January contract wasup 11 ringgit at 951 ringgit ($250.26) a tonne after trading as high as956 ringgit.Overall volume was moderate at 1,534 lots."I am sure the market will close above 946 ringgit," said one technicalanalyst, referring to the key resistance level which the market hadbroken."People are also optimistic about the export figures. My estimates sayexports can reach 850,000 tonnes," he added.The analyst pegged support at 920 ringgit and new resistance at 980ringgit.At the physical sector, traders said buyers from India showed interest tobuy crude palm oil (CPO) after New Delhi cut the import price of CPO to$286 a tonne from $337 fixed in August.The base price of RBD olein was also cut, but higher compared with CPO at$307 a tonne from $372 previously.Traders said Indian importers preferred to buy CPO than olein because oflower base prices."India's interest for CPO is there. I heard deals with Indian importershave been done in the past few days, but I have no details about theamount," said one trader.In physical palm oil, offers for October crude palm oil for the southernregion stood at 860 ringgit a tonne against bids of 855. A deal wasreported at 850 ringgit.Offers for CPO for the central region stood at 865 ringgit against bids of855. A deal was done at 855 ringgit.Offers for November CPO for the south and central regions were at 880ringgit against bids at 865. There were no deals.Among refined products October RBD palm oil was offered at $235 a tonne,November at $240 and December at $247.50.Offers for October RBD olein were at $242.50, with November at $247.50 andDecember at $255.October RBD palm stearin was offered at $237.50 a tonne and October palmfatty acid distillate at $205.
31572. 19/10/2001
WASHINGTON, Oct 17 (Reuters) - U.S. Agriculture Department on Wednesdayforecast Brazil to significantly lower its plantings of cotton and cornduring the 2001/02 season as more farmers turn to soybeans.
31573. 18/10/2001
12 October 2001 (Business Times) - Only about 1,000ha of oil palmplantations have been cleared for replanting since the Governmentinitiated the programme last April.
31574. 17/10/2001
KUALA LUMPUR, Oct 16 (Bernama) -- Palm oil biomass projects are not in thefast track as industry players tend to be complacent due to the presenceof other abundant raw materials, said Malaysian Palm Oil Board (MPOB)director-general Datuk Dr Yusof Basiron.
31575. 17/10/2001
KUALA LUMPUR, Oct 16 (Bernama) -- The initial capital outlay to furtherdevelop the oil palm biomass-based pulp and paper industry may be immensebut the long term benefits are tremendous, said Dr Mohamad Husin, aprincipal research officer from the Malaysian Palm Oil Board (MPOB).
31576. 17/10/2001
ISLAMABAD (10/13/2001) - Pakistan Oil Development Board (PODB) hasinitiated a plan to enhance edible oil production by promoting cultivationof canola to meet domestic requirement of 1.9 million tonnes every year.About 0.5 million tonne is produced by the local growers while theremaining 1.2 million tonnes is imported to bridge the gap between theproduce and consumption.According to official sources the PODB has developed new varieties ofcanola with indigenous resources. These varieties include synthetic aswell as hybrid varieties. Local canola varieties have performed betterthan the imported varieties cultivated at various locations in the countryunder difference agro-ecological conditions and these local varieties arefully acclimatised to local environment.Local canola seed production has resulted in self-sufficiency in canolaseed requirements and now there is no need to import canola seed by publicor private sectors. Local canola seed production has reduced the cost ofthe seed providing a relief to the growers.Local seed of synthetic types costs Rs 50 as compared to the internationalprice of Rs 180 to 250 per kg. Local hybrid seed of canola costs Rs 150.There is a vast potential to increase production of canola oil and mainthrust is being laid for replacement of mustard acreage by canolacultivation.Mustard crop is being cultivated on about 700,000 acres annuallyreplacement of which will enhance canola acreage to about 1.0 millionacres thus enhancing the canola production to 200,000 tons valued at Rs7.5 billion per annum.Canola crop can be grown throughout the country and it requires minimumthree irrigation at the time of its sowing, flowering and seed formation.Shattering in canola can be controlled by harvesting when 35 percent podsget mature. Canola produce has an attractive market and its disposal doesnot pose any problem unlike previous years.Breeders have worked to improve the rapeseed and mustard crops and "doublezero" or more precisely "double low" canola varieties have been developed.Canola is mustard but the above two compounds are within safe limits ofpalatability making it a premium product for human health. The levels oferucic acid in canola are less than 5 percent and that of glucosinolatesas less than 30 micro mole/gram.These improved mustard varieties were given the name of "Canola" fromCanadian Oil as the original work on canola development was undertaken inCanada. Now these "double low" varieties are familiar with the name ofcanola all over the world.Oil quality of canola is superior and comparable to that of world's bestoils. Oil are fats with two types of fatty acids; saturated andunsaturated, the latter being easily absorbable by the human body.Contrarily, the saturated fats accumulate in human body and causedifferent diseases expect in case of hard exercises where these getcatabolised.According to international research by doctors and researchers, Canola oilhas unique property of reducing the blood cholesterol levels thusminimising the risk of coronary heart diseases.In Pakistan, canola cultivation started in 1985-86 on experimental basiswith imported varieties. Commercial cultivation of canola started inPakistan in 1995 when it was planted on 100,000 acres compared to 8,000acres of 1994. Now canola has become a popular oilseed crop inPakistan.-APP
31577. 17/10/2001
KUALA LUMPUR, Oct 16 (Bernama) -- Tenaga Nasional Bhd (TNB) today signedtwo renewable energy purchase agreements (REPA) with Bumibiopower Sdn Bhdand Jana Landfill Sdn Bhd under the small renewable energy programme(SREP).Under the agrement, TNB agreed to purchase electricity from Bumibiopowerat 16.7 sen per kWh (kilowatt hour) for 21 years, and from Jana Landfillat 16.5 sen per kWh for 15 years.
31578. 17/10/2001
KUALA LUMPUR, Oct 16 (Bernama) -- Entrepreneurs in the oil palm industryshould explore the exciting potential for oil palm-based animal feed, saidMohd Yunus Ismail, feedmill co-ordinator at the Malaysian AgricultureResearch and Development Institute (MARDI).
31579. 16/10/2001
KUALA LUMPUR, Oct 15 (Bernama) -- Oil palm biomass-based furniture can gofar but their full potential will only be realised in about five years asa result of constraints now being faced by the industry, a seminar was oldtoday.
31580. 16/10/2001
KUALA LUMPUR, Oct 15 (Bernama) -- The Primary Industries Minister DatukSeri Dr Lim Keng Yaik said that he would meet the shipping insurancecompanies to talk on the war-risk premium which it has affected the marketfor palm oil.
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