Archived News

30/6/0/4 - The apex body has urged the Indian Government to fix a minimumvalue addition norm of 45 per cent to create a level playing field for theindigenous sector.

30/6/04 - SAWIT Kinabalu Bhd will spend some RM500 million in 10 years todevelop a 50,000ha oil palm plantation under a proposed joint-ventureproject with Yayasan Sabah.

Chicago, June 29 (OsterDowJones) - The U.S. Department of AgricultureTuesday announced that it will donate 6,000 metric tons of refinedsunflower seed oil to International Orthodox Christian Charities, Inc.(IOCC), a private voluntary organization, for use in Bosnia andHerzegovina.IOCC will sell 6,000 tons of refined sunflower seed oil in Bosnia andHerzegovina and use the proceeds to provide technical assistance, directloans, improve farm efficiency and competitiveness, and to assist in theformation of agricultural associations.The donation will be made under USDA's Food for Progress program,administered by the Foreign Agricultural Service. The supply period forthis donation is fiscal year 2004.The Food for Progress program provides for USDA donations ofagricultural commodities to needy countries to encourage economic oragricultural reforms that foster free enterprise. This year, USDA expectsto donate almost 600,000 tons of U.S. commodities under Food for Progressusing both CCC funds and transfers from P.L. 480 Title I.

30/6/04 - THE Indian Government has given a further three-month reprievefor utilisation of the zero-duty one-lakh-tonne (lt) annual vanaspatiimport quota from Nepal for 2003-04.

6/28/2004 BUSINESS TIMES - MALAYSIA plans to reduce its palm oilproduction cost to remain competitive globally by setting upfully-automated palm oil mills on estates to cut labour cost.

NEW DELHI, June 25 Asia Pulse - The edible oil industry today demandednegotiations at WTO for increasing the bound rate on soya oil to 45 percent and exclusion of the sector from free (FTAs) and preferential tradeagreements with other countries.

28/6/04 - LOCAL shippers (importers and exporters) are pushing forlegislation that will compel shipping lines to consult and negotiate withthem before any tariff amendments.

6/25/2004 INTERFAX - Investment in Russia's fats and oils complex comesto $250 million annually, deputy chief of the Agriculture Ministry'sfederal agriculture agency Vladimir Kaishev has announced.

6/23/2004 Agra Europe - China's highly-stretched agriculture sector cannotkeep up with expanding domestic demand for oilseeds and products or grainsand the country will have to continue high imports, Hamburg-basednewsletter Oil World said on Tuesday.

Bangkok - June 21, 2004 - MD Chusak Prachayangprecha of Chumporn Palm OilIndustry PCL says the company plans on doubling production capacity tomeet an anticipated increase in demand in markets at home and abroad.

25/6/04 - CRUDE palm oil (CPO) prices are expected to strengthen in thenear to medium term due to stronger demand and low stockpile of the world’s other 16 edible oils and fats.

BANGI, June 24 (Bernama) -- The world is now assured that Malaysia is theproducer of the highest quality palm oil with the incorporation ofDeterioration of Bleachability Index (DOBI) Value into domestic crude palmoil sales (CPO) contract, said Minister of Primary Plantation Industries,Datuk Peter Chin Fah Kui.