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Palm oil dips as India import tax concerns counter weak supply outlook
Palm oil production to exceed 19mil mt next year, says analyst
India's palm oil imports plunge as buyers shift to soyoil
Global vegetable oil production continues to grow
Russia to raise sunoil exports
MOSCOW (April 08 2003) : Russia's sunoil exports may exceed imports bysome 10,000 tonnes in the 2002-03 season due to higher output and stabledemand.
Large world crop this year will mean low soy price
3/4/03 (Southwest Farm Press) - Despite very tight stocks, robustprospects for use and exports, and an expected decline in U.S. plantingsthis year, soybean prices for 2003 are projected at $5.10 per bushel,"below what we would have expected based on historical data," says PeterRiley, agricultural economist for USDA's Farm Services Agency.
UN earmarks 550,000 tonnes edible oil to Iraq
KUALA LUMPUR (April 07 2003) : The United Nations has asked suppliers tosend more than half a million tonnes of edible oils to Iraq as part of theoil-for-food programme for the war-hit country as fears over widespreadhunger grew, palm oil traders said.
Soyabean oil auction
FAISALABAD (April 06 2003) : Trading Corporation of Pakistan (TCP) willauction 10,000 metric tonnes of soyabean oil imported from USA under 416(b) programmes
Brazilian soyabean exports rise 111 percent
SAO PAULO (April 05 2003) : Brazil's March soyabean exports rose 111percent to 1.31 million tonnes from the same month last year, the TradeMinistry's foreign trade secretariat (Secex) said Friday.
Directive for master plan to cultivate coconut and
KARACHI (April 07 2003) - Sindh Minister for Planning and Development SyedShoaib Ahmed Bukhari has instructed Department of Agriculture and Planning& Development that a master plan be prepared for the cultivation ofcoconut and oil palm in the coastal areas of Sindh so that valuableforeign exchange being spent on import of edible oils could be saved.
India forecasts lower oilseed, grain output
NEW DELHI (April 05 2003) : India on Friday forecast a lower oilseeds andfood-grains output in 2002-03 after the country was hit by its worstdrought in 15 years following the failure of monsoon rains.
Indonesia eyes one million hectare palm oil crop
JAKARTA (April 05 2003) : Indonesia's East Kalimantan province plans toplant one million hectares of palm oil near the border of rival producerMalaysia, a senior official from the ministry of Eastern Indonesiadevelopment said on Friday.
Keng Yaik: Devote 10% to 20% of land to rubber
Tuesday, April 01, 2003 (The star) - PRIMARY Industries Minister DatukSeri Dr Lim Keng Yaik has advised those in the palm oil industry tominimise risk by devoting 10% to 20% of their land to planting rubbertrees.He was quoted by China Press as saying that the cyclical pattern ofcommodity prices made it necessary for planters to spread the risk bygrowing several types of crops.He said he was disappointed that his earlier advice had not been heeded bythe industry and this had led to the wholesale conversion of the country’srubber estates into oil palm plantations, reported the daily.He reminded oil palm plantations of the painful experience two years agowhen palm oil prices fell to an all-time low.“Palm oil prices fell as low as RM700 a tonne before climbing to RM1,300last year and RM1,600 this year,†he said.According to Dr Lim, the country’s 3.6 million hectares of oil palmplantations provided 315,000 jobs and earned the country RM28.3bil.Sin Chew Daily carried an article on Works Minister Datuk Seri S. SamyVellu saying he had instructed PLUS to immediately call off an operationto flag down lorries suspected of not paying toll.Perak state executive councillor Datuk Ong Ka Chuan said Samy Vellu hadconveyed this instruction to the PLUS chairman at a highway upgradingproject ceremony in Lumut on Saturday, said the paper.Nanyang Siang Pau carried an article quoting MCA president Datuk Seri DrLing Liong Sik as saying that following the Perak government's show ofsupport for Universiti Tunku Abdul Rahman, another state had offered 810hato the university.Dr Ling did not name the state but said he would disclose the matter whendetails on the donation had been worked out, the daily said.He said in Sungai Siput on Sunday that Utar received overwhelming supportfrom the Chinese, Malay and Indian communities and the Government.He said the 525ha allocated by Perak for a premium of RM800,000, theRM50mil launching grant for the university approved by Prime MinisterDatuk Seri Dr Mahathir Mohamad and the land offer by Johor were clearsigns of public support for the university.
