Archived News
11-10-2001
Biofuel: Melihat kehadapan
06 October 2001 (NSTP)
11-10-2001
China to raise soyoil imports at low duty after WT
SHANGHAI, Oct 10 (Reuters) - China will delay by two years to 2002 itsschedule for tariff cuts on soybean oil agreed in deals on its WTOaccession due to delays in entering the global trade group, trade sourcessaid on Wednesday.It also plans to allow larger soyoil import quotas by the end of the fifthyear of the tariff rate quota plan, under which it reduces tariffs whileraising quotas each year until they are eliminated in 2006, the sourcescited a schedule from the U.S. Trade Representative's Office as saying.According to the USTR, import quotas for soybean oil under thetariff-rate-quota system would total 3.587 million tonnes by 2005, higherthan the 3.261 million tonnes agreed in the Sino-U.S. WTO deal signed inNovember 1999, the sources said.The tariff cuts were originally scheduled to start in 2000 and run through2005, but final multilateral agreements on China's entry to the WorldTrade Organisation were agreed only in September
11-10-2001
Govt seeks safer routes for palm oil
Thursday, October 11, 2001(The Star) - LANGKAWI: Malaysia has to findsafer routes to ship its palm oil to Pakistan and the Gulf statesfollowing the attack on Afghanistan.Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said Malaysia hadto look into the option of getting the oil through the war zone areas andalso study what the insurance industry termed as war risk areas.He said the strikes had caused an increase in insurance costs.“We have to do a lot of readjustments and find other routes to make surethat the oil not only goes to Pakistan and beyond but also to the otherGulf states around it which are big consumers of palm oil,’’ Dr Lim saidafter the Cabinet meeting here yesterday.
11-10-2001
Lidah Pengarang: Memanfaatkan ICT untuk kecekapan
06 October 2001 (NSTP)
11-10-2001
Malaysia's palm oil up on India base price, export
KUALA LUMPUR, Oct 10 (Reuters) - Malaysian palm oil futures firmed acrossthe board on Wednesday due to market-friendly export figures and India'sdecision to revise downwards its base import price of palm oils.By midday, the benchmark third-month December palm oil broke majorresistance of 933 ringgit and was up 48 ringgit at 965 ringgit ($253.95) atonne. It had touched a high of 980 ringgit.Volume was heavy at 2,098 lots.Before the market opened, traders said cargo surveyor Intertek TestingServices (ITS) estimated Malaysia's palm oil exports for the first 10 daysof October at 291,103 tonnes, up from 233,970 tonnes for September 1-10.Another cargo surveyor, Societe Generale de Surveillance Malaysia Sdn Bhd(SGS), whose figures are more closely watched by market players, is due torelease its export estimates for October 1-10 after 0600 GMT on Wednesday."People are reacting to the Indian base price news. But people realisethey couldn't push prices much higher because it will cause the Indians toshun the market," said one trader in Kuala Lumpur.India, the world's largest edible oil importer, has cut the base importprice of crude palm oil to $286 a tonne from the $337 it fixed in August.The base import price of RBD palm oil had been cut to $295 a tonne from$351.The government has also cut the base price of RBD palm olein to $307 atonne from $372.India was Malaysia's main buyer in 2000, taking 2.03 million tonnes ofpalm oil.In physical palm oil, offer for October crude palm oil for the southernregions was at 900 ringgit a tonne against bids of 890. There were dealsat 890 to 900 ringgit.CPO for November for the central region was offered at 895 ringgit againstbids of 890 ringgit. Deals were done at 890 ringgit to 900 ringgit.November CPO was offered at 950 ringgit for southern region against bidsof 942.50 ringgit. Deals were reported at 940 to 955.November CPO for the central region saw offers at 945 ringgit against bidsof 942.50 ringgit. Deals were done at 940 to 945 ringgit.Among refined products, October RBD palm oil was offered at $255 a tonne,November at $260 and December at $265.Offers for October RBD olein were at $262.50, November at $267.50 andDecember at $272.50.October RBD palm stearin was offered at $250 a tonne and October palmfatty acid distillate was offered at $207.50.
11-10-2001
Malaysia hasilkan 20 peratus oleokimia asas dunia
06 October 2001 (NSTP)
11-10-2001
MPOA kembang sayap ke Sabah
06 October 2001 (NSTP)
11-10-2001
Pelesenan: Keperluan kepada industri sawit
06 October 2001 (NSTP)
11-10-2001
Serangan ke atas Afghanistan boleh jejas eksport
06 October 2001 (NSTP)
09-10-2001
Even Flow Of CPO Exports To Be Maintained
KUALA LUMPUR, Oct 1 (Bernama) -- The government expects that the even flowof palm oil exports to Pakistan and other consuming countries would bemaintained despite the distruption to certain shipping trades.
09-10-2001
Follow Indon Pricing Mode For PPO - PORAM
KUALA LUMPUR, Oct 5 (Bernama) -- Malaysia should adopt the Indonesianapproach to the pricing of processed palm oil (PPO) to ensure thesustained development of its palm oil industry, said chairman of Palm OilRefiners Association of Malaysia (Poram) Toh Pang Huat on Friday.
09-10-2001
India's supply of vegetable oil to trim import nee
India Business Insight ,09/24/2001 - The edible oil production in thecountry during fiscal 2001-2002 is estimated at 8.21 million tonnes (7.16million tonnes during fiscal 2000-2001).Consequently, India's edible oil imports would fall to 5.15 million tonnesduring the year ending Oct 2002 from 5.5 million tonnes in the year endedOct 2001.The industry estimates India's winter-harvest oilseeds production to riseto 17 million tonnes in fiscal 2001-2002 from 15.8 million tonnes infiscal 2000-2001. Palm oil imports would be 3.15 million tonnes (3.64million tonnes). Import of soy oil, however, is likely to increase to 1.6million tonnes from 1.37 million tonnes.