Archived News
27-07-2001
Frim to promote agro-forestry in Felda schemes
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.
27-07-2001
Oil palm owners, register fast to get RM1000
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.
27-07-2001
Palm oil traders advised against hoarding stocks
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.
26-07-2001
Healing Wounded Land The Bio-Mat Way
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.
25-07-2001
Local councils not committed to promoting tourism
Local councils not committed to promoting tourism
25-07-2001
Philippines inaugurate new palm plantation; furthe
Philippines inaugurate new palm plantation; further development slated
24-07-2001
Biotech in the third world: A hostage of eco-propa
Biotech in the third world: A hostage of eco-propaganda?
24-07-2001
California power to be supplemented by new biodies
California power to be supplemented by new biodiesel generating plant
24-07-2001
CPO set for further volatile trade
CPO set for further volatile trade23/7/01(The Star) - CRUDE PALM OIL futures prices at the MalaysiaDerivatives Exchange (MDEX) resumed its bullish momentum last week andrebounded sharply in early trading, but the upward rally fizzled as theOctober contract failed to hold successfully above the RM1,200 per tonnelevel and encouraged many long position holders to realised their windfallprofits.The October futures contract was lifted from a weekly low of RM1,026 tofresh contract highs at RM1,238 and returned a large portion of itsearlier gains to settled the week higher at RM1,145, up RM65 per tonnefrom a week ago.Based on chart, the October futures prices are set for more wide range andchoppy trading and volatility would likely reign this week considering thelarge amount of short-term money moving in and out of the market motivatedby short-term ideas recently.
24-07-2001
Malaysia's palm oil recovers on Indonesian crisis
KUALA LUMPUR, July 23 (Reuters) - Malaysian palm oil futures rebounded from early lows on Monday as political tension in neighbouring Indonesia sparked talk of supply disruptions, traders said.By the midday break, the third-month October contract eased seven ringgitto 1,140 ringgit ($300) a tonne compared with Friday's closing at 1,147ringgit.
24-07-2001
Sell As Much Palm Oil Stocks Now, Urges Lim Keng Y
Sell As Much Palm Oil Stocks Now, Urges Lim Keng Yaik
23-07-2001
ACCCM Plans Trade And Investment Mission To Iran
ACCCM Plans Trade And Investment Mission To Iran