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Palm oil stocks expected to climb 15pct in May on increased output
CPO Futures End Lower On Strong Output, Rising Stock Concerns
Malaysia deserves to get low-risk status in new EU regulation
Dutch firm's pilot plant in Kuantan turns palm oil waste into renewable energy
India's domestic edible oil stocks running dry
09/30/2002 (Financial Times)The recent setback in kharif oil seeds production will lead to a 6-lakhtonne shortage of edible oils in India. Assuming that the kharif 2002edible oils output will last till Mar 2003, it is estimated that betweenNov 2002 and Mar 2003 about 20.75 lakh tonnes of edible oil need to beimported against 13 lakh tonnes imported during Nov 2001-Mar 2002. Theimport requirement will be 16.65 lakh tonnes of palm oil and 4.10 lakhtonnes of soft oils.
India, Pakistan seen cutting palm oil imports on c
10/04/2002 (Financial Times) - Major consumers of palm oil such as Indiaand Pakistan may reduce their imports of edible oils in the next fewmonths, as they harvest their own crops. India may reduce its imports ofedible oils by about 200,000 tonnes, as harvesting of soyabeans,groundnuts and rapeseed begins in Oct 2002. Analysts opine that India mayimport about 300,000 tonnes of edible oil for Oct 2002.
Kuala Lumpur conference to discuss dynamics of oil
KUALA LUMPUR, Oct. 7. (Asia Intelligence Wire) - THE Oils and FatsInternational Congress 2002 (OFIC 2002) to be held here this week isgetting ready for a great start with several hundred delegates from acrossthe world participating.Over the next three days, diverse issues covering oils and fats in humannutrition; agricultural biotechnology and novel oil crops; and globalbusiness in oils and fats will be discussed.In the module on global issues, presentations will cover dynamics of theglobal oils and fats trade, implications of post-Doha WTO on palm oilbusiness; latest developments in Codex Alimentarius; India's policy onliberalisation versus protectionism in edible oils; and several otherissues will come up for discussion.The meet will be inaugurated by Dr Lim Keng Yaik, Malaysia's Minister forPrimary Industries. The World congress on oleochemicals will also be apart of OFIC 2002.Organised by the Malaysian Oil Scientists' and Technologists' Associationtogether with various bodies for palm oil promotion, the meet will alsosee the launch of an international oils and fats technology exposition.Over 600 delegates including many fromIndia are expected to participate, the organisers said.
Philippine trade group looking for investors in co
10/04/2002 (Financial Times) - The Philippine Coconut Authority (PCA) hasstarted to look for investors that would fund the commercialization of itscoconut diesel fuel, PCA regional director Lornito Orillaneda said.He said a committee has been created to handle investor participation inthe project."We will give it to a private company," Mr. Orillaneda said, adding thePCA laboratory has a daily output of only three drums, or 600 liters aday, of coconut diesel used in its vehicles.Earlier, the Department of Agriculture, where PCA is an attached agency,asked President Gloria Macapagal Arroyo to issue an executive order thatwill encourage investors to look at the viability of commercializing cocodiesel, which earns around 12% of the gross income in royalty fees.A report earlier said the three major participants in the petroleumindustry - Petron Corp., Pilipinas Shell Petroleum Corp. and Caltex(Phils.), Inc. - have expressed willingness to use coco diesel in dilutingsulfur content in their commercial diesel products.PCA has gone into a five-year research to perfect its coco diesel,scientifically referred to as the coconut methyl ester (CME), a chemicalcompound proven to have reduced smoke emission in vehicles.The World Association of Engine Manufacturers has endorsed a 5% CME ondiesel fuel.Francisco Fajardo, PCA bio-fuel program officer, said that a 1% CME blendon diesel fuel is enough to reduce to about 2.3% sulfur content in smokeemitted.Some groups have been batting for the lowering of sulfur content of dieselfuel because of its danger as this was specified in the Clean Air Act. ByJan. 1, 2003, the law specifies that sulfur content in diesel fuel must belowered to 1.2%.
Iran expected to announce palm oil tender worth RM
06 October 2002 (Business Times) - IRAN, a traditional soyabean oilbuyer, seeks some 40,000 tonnes of Malaysian palm oil for delivery beforethe end of this year.
LOCAL FIRM INTRODUCES SUPERIOR ANIMAL FEED
7/10/02 (New Straits Times) - A local company has come up with theworld's first enzymatic treatment that permits palm kernel expeller to befed to chicken and fish.
Potential seen in Sabah biomass sector
09 October 2002 (Business Times) - SABAH’S plantation sector is capable ofproducing 10 million tonnes of biomass a year.Sabah Chief Minister Datuk Chong Kah Kiat said as such, the state’sprivate sector should consider exploiting the economic potential of thisorganic waste.“Biomass can be used as raw material for medium density particle boards,pulp and paper and decomposed organic fetiliser. It can also be used togenerate electricity,†he said at a luncheon hosted by the MalaysianInternational Chamber of Commerce and Industry (MICCI) Sabah branch inKota Kinabalu yesterday.He also said apart from just producing cooking oil from palm oil,manufacturers must explore opportunities in producing confectionary fats,creamers, emulsifiers and non-food products such as oleo-chemicals,bio-fuels, detergents, personal care items and lubricants.Chong said Sabah is strategically located to tap the consumer markets inBrunei, Indonesia, Malaysia and the Philippines.He said the state has the potential to become a centre to manufactureproducts such as electrical items.“Our small and medium industries have the capacity to match the needs ofthe spending power of the 60 million population in the region.“Manufacturers would not face problems in shipping the manufactured itemsconsidering Sabah location and the volume of business they could tap.â€
Rubber estates are planted forests: FAO
08 October 2002 (Business Times) - MALAYSIA has managed to convince theFood and Agriculture Organisation (FAO) to accord rubber plantations asplanted forest.
Three Sarawak Companies Fined For Discharging Effl
KUCHING, Oct 7 (Bernama) -- Three companies involved in the manufacturingand palm oil industries in Sarawak have been charged so far this year withdischarging effluents without complying with the Environmental QualityRegulations.Sarawak Department of Environment (DOE) Director Dr Abdul Rahman Awangsaid Monday that in the latest case, a palm oil mill in Kuching divisionwas fined RM15,000 last month for not meeting the DOE standards for thedischarge of effluents.
