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WORLD SUMFLOWER COMPLEX EXPORTS TO FAIL - OIL WORLD

Canada canola plantings seen lowest in five yearsWINNIPEG, Manitoba, June 29 (Reuters) - Canada's farmers will plant thesmallest canola acreage since 1996, a widely watched government surveyreported on Friday, but the planted area was still higher than industryexpectations."It's a little higher than the trade was anticipating, but I think it's agood number," a Winnipeg-based grain company analyst said. "It's verypositive because it gives us something to work with.""It's kind of like newfound money," a floor trader at the WinnipegCommodity Exchange said. "All of a sudden things aren't as tight as theyonce were and now you can kind of trade a little more freely."The Statistics Canada report said canola plantings this year would drop to9.93 million acres, down 18 percent from the 12.09 million acres seededlast year but above industry estimates of 8.9 million to 9.45 millionacres. The survey figures were also higher than an earlier Statscanplanting estimate of 9.27 million acres released in April."Unprofitable margins for canola crushers, near-record stocks of canolathis spring and high input costs for fertilizer and chemicals were themain deterrents," Canada's statistics agency said in its preliminaryestimates of principal field crops areas.Canola is the Canadian variant of rapeseed. Canada produces 20 percent ofthe global supply and is the world's largest exporter of the oilseed.According to the Canadian Grain Commission, Canada has exported 4.37million tonnes of canola so far in the current 2000/01 crop year, a jumpfrom the 3.57 million tonnes exported during the same period the yearbefore.Canada's major canola buyers are Japan, China and Mexico.Last year Canada's 12.09 million canola acres produced 7.1 million tonnesof the oilseed. Using the latest acreage estimates, some analysts said anaverage yield this year could produce about 5.4 million tonnes."Longer-term, it's still a very friendly number. We barely have enough togo around," an industry analyst said.Analysts said that given extremely dry conditions in Alberta and parts ofSaskatchewan earlier in the spring and excess rain in Manitoba, attentionwould now shift to crop weather and yield, something that Statscan alsoacknowledged, stating that some farmers were "ambivalent" about whetherthey would have a crop to harvest.One of the major surprises in the Statscan report was a decrease in barleyacres."The barley area drop is surprising and mystifying," said Bruce Burnett,director of weather and crop surveillance at the Canadian Wheat Board.The Statscan survey said 12.4 million acres of barley would be seeded inCanada, down from 12.55 million last year. Grain traders had expectedbarley plantings of 12.5 million to 13 million acres.Much of Canada's grain industry had forecast that canola acres would betransferred into barley because it is a more drought-resistant andlower-cost crop."Obviously for the later planted stuff that went in, they decided to givecanola a whirl," Burnett said.The Statscan survey revealed that hundreds of thousands of acres had goneinstead to specialty crops such as peas, oats and chickpeas.Dry pea acreage climbed to a record 3.6 million acres, 16 percent higherthan the 3.1 million acres seeded last year, an increase Statscanattributed to lower fertilizer costs and the growing use of peas in animalrations and for export.Canada's all-wheat seedings came in at 28.497 million acres, aboveindustry expectations of 26.55 million to 27.5 million acres and higherthan last year's 27.583 million acres.In April, Statistics Canada forecast 27.28 million acres.The largest increase was in spring wheat, the statistics agency said,jumping to 21.96 million acres from 20.06 million acres in 2000."I look at the wheat numbers in Canada as being kind of ugly," a Winnipeggrain broker said."In the last report, it all said a lot of those canola acres would go intosummer fallow," an analyst said. "Well, it turns out they didn't. Theywent into wheat."The report forecast that durum wheat would decline to 5.54 million acresfrom 6.53 million last year and within trade expectations that had rangedfrom 5.3 million to 7.05 million acres. Statscan's April planting estimatefor durum was 5.31 million acres.Additional acres were seen for flax, Canada's other oilseed crop. Friday'sreport forecast 1.635 million flax acres, up from 1.47 million acres in2000.Statistics Canada will release its crop production estimates on August 28.

Don't Cut Fertiliser Usage, Says Hap Seng's Madsen

Korean firms sell StarLink corn for edible oilSEOUL (Asia Pulse) June 28 - Four food processors processed corn importscontaining the genetically-modified corn StarLink to starch and cornsprout and sold them for edible use to food and cooking oil makers, theKorea Food and Drug Administration (KFDA) said today.StarLink kernels from the United States are banned for human consumptionand are for livestock feed and industrial goods only.The four companies are Shin Dong Bang, Samyang Genex Corp., Doosan CornProducts Korea Inc. and Daesang Co.They processed a combined 141,372 tons of American corn, including the USbio-engineered corn, through edible corn treatment facilities to starchand sprout.The administration has found that 34.4 tons of the industrial starch weresold for edible use to baking powder manufacturers and 4,061 tons ofsprout, enough to make 1.4 million liters of cooking oil, went to fourcooking oil makers.After examining corn starch and cooking oil goods on the market, a KFDAspokesman said the allergy-causing element of StarLink was not found inthese finished products.Even if people digest oil made of StarLink contained corn, it wouldn'tharm them because harmful components of the genetically-modified food arecleared through refinement processes, he added.The administration notified local governments where the four foodprocessors are headquartered to take necessary administrative stepsagainst them for violating the relevant laws, including imposing fines orsuspending operations.

Live test of Govt’s e-Permit systemKUALA LUMPUR,Wednesday, June 27, 2001- A total of 25 permit-issuing government agencies (OGAs) will beginexchanging approved permit application details electronically with theRoyal Malaysian Customs and Excise Department’s Sistem Maklumat Kastam (JKED-SMK) from July 2 when the central e-permit system kicks off amonth-long “live” test.The OGA e-Permit System is being jointly implemented by Customs, DagangNet Technologies Sdn Bhd (DNT) and CMNet Dotcom Sdn Bhd.DNT, formerly known as Electronic Data Interchange (M) Sdn Bhd (EDIMalaysia), will build and manage the network connectivity between JKED-SMKand the OGAs, the company said in a statement.Its business partner CMNet will focus on marketing and providing user-endfacilities to importers and exporters.Phase One of the project would enable OGAs to transmit approved permitapplication details to, and receive official acknowledgement from,JKED-SMK using the front-end software OGA SANCRT Interface Module for SMK(OASiS).Phase Two, scheduled to be implemented in August, will enable importersand exporters to submit permit applications electronically to the OGAs.The approved applications will be automatically routed to Customs foracknowledgement, and the response would be sent electronically to theimporters and exporters.The entire process would be conducted via a single connection through theInternet or the private Dagang· Net network, DTN said.Currently, five OGAs are already exchanging documents electronically withJKED-SMK. They are the Veterinary Services Dept, Malaysian Timber IndustryBoard, International Trade and Industry Ministry (Miti), the NationalForest and Wildlife Protection Department and Sirim Bhd.According to Customs Deputy Director-General Datuk Abdul Rashid Bolong,the implementation of the OGA e-Permit System is a major step forward forthe Electronic-Government (E-Gov) initiative.“It effectively completes the trade cycle loop and drastically reduces theamount of paperwork and human intervention.“We are now able to monitor the country’s trade much more effectively tosafeguard our country’s economic, social and security interests. The taskof tax collection can be done more efficiently and effectively to benefitthe nation,” he claimed.Currently, the 25 OGAs manually process more than 300,000 permitsannually, taking an average of three to 10 days to process a permit.Each agency has its own unique system and requirements that necessitatetedious matching of declarations and approved permits at JKED-SMK, andsometimes causes inaccurate data balancing between the OGAs, JKED-SMK andthe Statistics Department.“The OGA e-Permit System will reduce permit-processing and approval timedown to just a few hours to within a day. Procedures will be standardisedand a single ‘e-document’ can be routed to all relevant parties withoutthe need for duplication. Incomplete and inaccurate data would be thingsof the past,” DNT chief executive officer Hazree M. Turee said in astatement.He claimed that the project was different from other E-Gov initiatives asit was based on a proven working model, the Port Klang Community System(PKCS), and uses the established SMK-Dagang·Net infrastructure thathandles some 150,000 electronic transactions and some RM4mil in electronicpayments daily.The participating OGAs are:1) International Trade and Industry Ministry2) Malaysian Foreign Trade Development Corporation (Martrade)3) National Forest and Wildlife Protection Department4) Agricultural Department (Quarantine)5) Federal Agricultural Marketing Authority (Fama)6) Department of Veterinary Services7) Malaysian Fisheries Department8) Padi and Rice Supervision Section9) Fisheries Development Authority10) Pesticides Board11) Road Transport Department (JPJ)12) Department of Electricity and Gas Supply13) Malaysian National Film Development Corporation (Finas)14) Al-Quran Film and Text Production Section15) Royal Malaysian Police16) Pharmacy Services Section17) Food Quality Control Section18) Malaysian Palm Oil Board19) Malaysian Timber Industry Board20) Malaysian Cocoa Board21) Malaysian Rubber Board22) Department of Environment23) Standards and Industrial Research Institute of Malaysia (Sirim)24) Finance Ministry25) Department of Museums and Antiquities

USDA trims soybean planting estimate for 2001(Adds with CBOT closing paragraph 7)

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