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Guthrie Sees Rising CPO Output From Its Indon Co

Minister Wants To See Millionaire Public-sector ResearchersKUALA LUMPUR, June 28 (Bernama) -- The Minister of Primary IndustriesDatuk Seri Dr Lim Keng Yaik hopes to see Malaysia Palm Oil Board (MPOB)researchers becoming millionaires one day through the collection ofroyalties on the commercial application of their research and development(R&D) work.

Palm oil exports to Pakistan may rise if US imposes sanctionsKuala Lumpur (Business Times) 6/28/2001Malaysia's palm oil exports to Pakistan may increase by 20-25 per cent ifthe US decides to impose trade sanctions on the re-public as the sanctionswill halt Pakistan's import of US soya bean and soyabean oil.Malaysian Palm Oil Association (MPOA) chief executive M. R. Chandran saidif the US decides to take action against Pakistan, Malaysia stands tobenefit."Pakistan which imported 1 million tonnes of Malaysia's palm oil last yearcan easily import an additional amount of between 200,000 tonnes to250,000 tonnes if the sanction comes into effect," Chandran told BusinessTimes in Kuala Lumpur last Friday."If the sanction takes place, it will be in Malaysia's favour because theUS would halt exports of soya bean and soyabean oil to the republic andPakistan will have to source alternative oils elsewhere," Chandran said.President Pervez Musharraf, the military ruler in October 1999, had oustedthe elected government of Prime Minister Nawaz Sharif in a bloodlessmilitary coup as part of his efforts to introduce reforms after accusingthe Government of widespread corruption and violations of the country'sconstitution.Musharaff had also dissolved the suspended National Assembly and the fourprovisional assemblies, moves that were widely criticised by manycountries, especially the US, as undemocratic.Pakistan and India have both been slapped with an arms embargo byWashing-ton since May 1998 for con-ducting nuclear tests.Pakistan had also received the sanctions by the US for its part inreceiving missile development technology from China late last year.According to the MPOA, an association formed last year represented by 91plantation companies, Pakistan imported 334,000 tonnes of soyabean oil in1999 and 163,000 tonnes last year.

Palm oil prices rebound as India discusses import duty cut6/27/2001(Reuters) - Malaysian palm oil futures rebounded at the close onTuesday on talk that India may cut import duty on crude palm oil.The benchmark third-month September contract was up RM 7 at RM 838 (US$220.53) a tonne after trading as low as RM 824 on overnight losses inChicago. Volume was at 918 lots.The market saw last minute covering on talk that India will cut its CPOimport tax, said one trader.Such rumours may sound strange because monsoon rains look good in India.This means the country will have ample oilseeds harvests and maintain theduty to protect prices.But still, the market believes India will cut the tax, he added. India’scrude palm oil duty stands at 75%.Trader in India said most of the country’s major soybean areas had beensown after timely monsoon rains, but more rains were needed immediately toensure the crop’s development.In the physical sector, June/July crude palm oil (CPO) for the southernand central regions was offered at RM 830 a tonne against bids at RM 825.Trader was at RM 825 for south and at RM 820 for central.Among refined products, July RBD palm oil was offered at US$ 237.50 atonne FOB and August at US$ 240. There were offers for July RBD olein atUS$ 252.50 and August at US$ 255. July RBD palm stearin was offered at US$185 and July palm fatty acid distillate at US$ 150.

Pirates seize tanker, skipper held hostage in Acheh for RM360,000 ransom(The Star) Wednesday, June 27, 2001-Pirates in the notorious Indonesianwaters off Acheh struck again, hijacking a tanker on Monday as the searchfor a Malaysian vessel seized a week ago continues.Pirates stormed the Indonesian-owned mt Tirta Niaga IV in the Straits ofMalacca and took the captain hostage, demanding a ransom of one billionrupiah (RM360,000).The tanker, loaded with 2,850 tonnes of refined palm oil products, wasboarded by pirates while it was at anchor at about 6pm and its 58-year-oldmaster, Simon S. Perera, taken to Acheh.Reports said that the tanker left Butterworth with 21 crew members earlierthat day and was heading for India.Confirming the latest attack, Malaysian marine police said it wasmonitoring the situation with the International Maritime Bureau.Police said the owner of the tanker was still negotiating with thepirates."We will intercept the mt Tirta Niaga IV if it enters our waters."We are more concerned about mt Selayang and will apprehend the tanker atthe first opportunity," marine police chief Senior Asst Comm (II) MuhamadMuda said yesterday as international experts began a two-day meeting onways to fight sea piracy in Asia.On June 19, the Shell-chartered mt Selayang left the oil company'srefinery in Port Dickson for Labuan but was boarded by pirates, who latersailed it into Indonesian waters.After five days, Indonesia's efforts to track down the vessel seem to haverun aground.Senior Indonesian naval operations officer Capt S.M. Darojatim said thenavy had conducted three air searches for the mt Selayang since Friday butto no avail.SAC Muhamad said an anti-piracy special task force was on stand-by tostorm the vessel should it enter Malaysian waters."We will step in once it enters our territorial waters. Meanwhile, all wecan do is wait," he said after the 4th International Chamber ofCommerce-International Maritime Bureau (ICC-IMB) Meeting on Piracy andPhantom Ships, which started here yesterday.SAC Muhamad hoped the Indonesian authorities would consider using"dramatic measures" in locating the vessel and detaining the pirates aswell as protecting the lives of the 15 crew members.Indonesian chief of Batam Command and Control Centre, Lt-Cmdr M. Zaenal,said the safety of the crew was a major consideration in any action tointercept the ship.IMB director Capt P. Mukundan said "precise and prompt information"pertaining to the location of the ship had been forwarded to theIndonesian authorities."We want them to take firm action. The latest incident has shown thatthere has been an increase in the number of very serious attacks," hesaid.He was commenting on Indonesian claims that delayed information from IMBwas hampering the search.Last month, the IMB's Piracy Reporting Centre based here said actual orattempted piracy attacks from January to March worldwide hit a high of 68.

Soy a big part of diet as men eat to beat prostate cancerDate Posted: 6/28/2001Europe Intelligence Wire: STATISTICS show that more and more men have beendiagnosed with prostate cancer over the past 20 years.The disease is now the second most common cause of cancer death in the UKand will be the biggest by 2004.Yet, despite the gloomy statistics, there is hope. Mounting evidencesuggests the risk of prostate cancer is closely linked to what we eat.This month, research published in the medical journal The Lancet foundthat men who consume plenty of oily fish enjoy a lowered risk of prostatecancer compared to those who don't. Other research points to protectiveeffects from fruit, vegetables and soya products.In addition, while some foods appear to reduce the risk of prostatecancer, others seem to have the opposite effect. Foods rich in animal fat,particularly dairy products, have been implicated.Research is stacking up to suggest that with a few simple adjustments tothe diet, men can reduce their risk of developing this increasingly commoncondition.Oily fish such as salmon, trout, tuna, mackerel and herring are rich inhealthy fats known as omega-3 fatty acids These are thought to have anumber of important health-giving effects, including a naturalanti-inflammatory action and the ability to reduce the risk of heartdisease and depression.Over the past decade, there has been increasing scientific interest in therole omega-3 fatty acids may have in the prevention of cancers. Recently,research has focused on the link with prostate cancer.Two studies published in 1999 found that a high level of omega-3 fats inthe body was associated with a reduced risk.This association is strengthened by research which found that men eatingmoderate or high amounts of oily fish were up to three times less likelyto develop prostate cancer compared to those who ate none. So men might dowell to consume at least two or three portions of oily fish a week.Furthermore, a 1998 study associated high consumption of dairy productswith a 50pc rise in prostate cancer risk. Another study, published lastyear, found that men consuming 21/2 servings of dairy products a dayincreased their prostate cancer risk by more than 40pc.ALTERNATIVES to cow's milk-based dairy products include soya milk, soyayoghurt and soya ice cream. Soya consumption is associated with asignificantly reduced risk of prostate cancer.One study found that men consuming soya milk more than once a day had a70pc reduction in risk of developing this disease.Cancer is known to be triggered, at least in part, by damaging moleculesknown as 'Free radicals'. Free radical damage can be reduced throughincreased consumption of 'Antioxidant' nutrients in the diet, such asvitamins C and E, beta-carotene and the mineral selenium.Antioxidants are generally abundant in fruit and vegetables. Last year, astudy published in the Journal Of The National Cancer Institute found thatmen consuming four servings of vegetables a day had a 35 pc reduced riskof prostate cancer compared to those consuming two servings a day.One nutrient which has received special attention is the trace mineralselenium.A study in the Journal Of The National Cancer Institute in 1998 found thatmen with the highest level of selenium had one-third the risk ofdeveloping prostate cancer compared to men with the lowest seleniumlevels.In 1996, a study found that men who took a daily supplement of 200mcg ofselenium had a significantly reduced risk of prostate cancer. One of therichest natural sources of selenium is brazil nuts. However, taking asupplement is prudent for men who want to reduce their risk.by DR JOHN BRIFFA

Study claims GM crops save U.S. farms billionsSAN DIEGO, (Financial Times) 6/27/2001 - The first comprehensive estimateof the benefits of genetically modified crops claims that they are alreadysaving US farmers billions of dollars a year through a combination oflower inputs and increased yields - and they could save billions ofdollars more if growers were not held back by fears of consumerresistance.The study, carried out by the National Centre for Food and AgriculturalPolicy in Washington with support from the biotechnology industry and theRockefeller Foundation, was presented at the Bio 2001 conference in SanDiego. It looked at 30 crops that have been genetically engineered forpest resistance, including a wide range of fruit and vegetables as well ascereals and cotton.It assessed the economic benefits to farmers and the environmental gainsthrough reduced applications of pesticides and weed-killers but did notinclude the negative factors emphasised by anti-GM campaigners: the impacton wildlife and possible health hazards.Leonard Gianessi, the study director, presented the first eight cropassessments to the conference. The full study would be completed inSeptember, he said, "but I can tell you already that we will see severalbillion dollars worth of additional production and savings to growers as aresult of GM crops".The largest benefit seen for any one crop was in soya beans, where 63 percent of the US crop planted this year - on 49m acres - is geneticallyengineered to resist Monsanto's Roundup herbicide. Growers have to applyRoundup only once to kill all weeds, whereas non-GM soya requires three orfour herbicide applications; the average saving in weed control is Dollars15 per acre, according to the NCFAP study."If US growers no longer planted the GM herbicide-tolerant soybeancultivars, they would likely substitute alternative herbicides which wouldincrease soybean production costs by Dollars 735m a year," Mr Gianessiconcluded. For Bt cotton, which kills the crop's main insect pests, thestudy found that pesticide use in the US had been cut by more than 1m kgper year, production had increased by 100m kg per year and growers weremaking Dollars 99m a year more in net revenues.But some GM crops, incl-uding sugar beet, potatoes and sweetcorn (maize),are not being grown commercially, although they have received regulatoryapproval. That is because farmers do not want to risk losing sales throughconsumers' reluctance to buy. The study concluded that Florida growerscould produce 10m kg more sweetcorn and cut insecticide use by 80 per cent(50,000 kg per year) by switching to a Bt variety marketed by Syngenta."Despite the potential benefits, Florida sweetcorn growers are notplanting the (GM) cultivars due to concerns regarding potential lostsales."

MALAYSIA'S GUTHRIE STANDS BY INDONESIA PALM OIL DEAL

Coconut industry, soap makers look for compromise on petroleum surfactants

Far East Expects To See Reduced FFB Production

CHINA WTO ENTRY SEEN BOOSTING SOYOIL IMPORTS

INDIA VEG OIL IMPORTS SEEN SURGING OVER DECADE