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Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
Indonesia, Malaysia push biofuel to offset palm oil price downturn
Palm closes lower ahead of August supply-demand data
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
NREB Undertakes Pilot Study On Pollution From Used
SIBU, Dec 29 (Bernama) -- Sarawak's Natural Resource and EnvironmentalBoard (NREB) will undertake a pilot study on environmental pollutioncaused by used cooking oil.State Environment and Public Health Minister Datuk William Mawan said thata grant of RM500,000 had been allocated for the purpose.
Felda Restructure To Bring More Income To Settlers
JELI, Dec 24 (Bernama) -- The Felda management will be revamped next yearto enhance the federal agency's role in increasing the incomes of the103,000 settlers in the country.Felda chairman Tan Sri Dr Yusuf Nor said Tuesday that the revamp wouldinvolve 275 land schemes to ensure a higher standard of living for thesettlers, especially when the market price of palm oil, which most of themcultivate, falls.
RM100m disbursed to smallholders
KUALA LUMPUR, Dec 23: The RM100 million fund pledged by the FederalGovernment to help rubber and oil palm smallholders nationwide to improvetheir income was fully disbursed in 2001 and 2002.Agriculture Minister Datuk Effendi Norwawi handed out RM2.49 million inaid to 350 smallholders in Kuala Langat, Selangor, today, signifying thefull disbursement of the fund."This shows that the Government has fulfilled its promise to thesmallholders," he said.A total of 15,000 smallholders nationwide benefited from the fund,allocated through the ministry, which was announced by Deputy PrimeMinister Datuk Seri Abdullah Ahmad Badawi in March last year.The smallholders today were part of the 709 rubber and oil palmsmallholders in the State who received RM5 million aid.Effendi urged the smallholders to use their aid wisely, utilising moderntechniques to sustain their crops and their income.The fund was pledged by the Federal Government to aid smallholders aftermarket prices of commodities such as palm oil, rubber and coconut fell totheir lowest level.Several assistance schemes were also introduced by the Government asshort- and long-term measures to increase the smallholders' incomes.The Agriculture Ministry will be seeking an allocation of RM70 millionfrom the Federal Government for the same purpose next year for another10,000 smallholders nationwide.
Side effects of soya products
... want to know further, do read below:-
E-Oil Imports By India To Cross Five Million Tonne
NEW DELHI, Dec 18 (Bernama) -- Imports of edible oil by India is expectedto surge to an all-time-high of five million tonnes, going by imports inNovember, the first month of the current oil year and lower Rabi (winterseason) produce of oilseeds."Imports may cross five million tonnes, surpassing the earlier high of4.83 million tonnes in 2000-01, if 21 percent growth in November 2002, thebeginning of the new season is any indication," a leading importer hasbeen quoted in a Mumbai-datelined report in the financial daily theEconomic Times as saying.
iTech eyes overseas market
CAPITALISING on the largely untapped tech-savvy agriculture industry,MSC-status iTech Worldwide Sdn Bhd is pushing its newly-launched eFlexPlantware, a plantation management business solution, to the local marketand Indonesia, before venturing into other countries like Vietnam.
Latest smear campaign against palm oil products ri
JOHOR BARU, Dec 21: The latest smear campaign against palm oil productsby non-governmental organisations in the west is being orchestrated bycompetitors of palm oil industries.Revealing this today, Malaysian Palm Oil Board director-general Datuk DrYusof Basiron said the smear campaign, which linked the palm oil industrywith the alleged destruction of orang utan's habitat in Sarawak, was thelatest tactic employed by those such as members of the soya bean oilindustry.
MPOB Joint Effort With Beijing Forest Bureau For E
KUALA LUMPUR, Dec 19 (Bernama) -- The Malaysian Palm Oil Board (MPOB) hasentered into a joint venture with the Beijing Forest Bureau to make atrial usage of a biomass product, Ecomat, in Beijing desert to preventsandstorms.According to Primary Industries Minister, Datuk Seri Dr Lim Keng Yaik, theecomat fibre-mat is obtained from empty fruit bunches of the oil palm.
Indian edible oils market due for efficiency refor
Chemical Business NewsBase 11/30/2002 - The Indian edible oil industry,which produces oil from groundnut, rapeseed, sesame seed, castor seed,sunflower, etc will witness major reforms in the near future. Indiautilizes nearly 28.4 M hectares of land for the production of a number ofcommercial varieties of oil seeds. The Technology Mission on Oil Seeds setup by the Government of India in 1996 adopted certain strategies toincrease oil seeds and oil production, which increased oil seed productionto about 23.7 M tonnes in 1997-1998 to cater to Rup 400 bn oil seedsmarket. Although India accounts only for 9.3% of world's oil production,today it is the largest producer of castor seed and the third largestproducer of rapeseed and cottonseed.The industry expects the high import duty of 40% on oil seeds to bereduced to 5%. With 15,000 crushing units and 400 crude edible oilrefining units, of which 60-70% are small, the installed capacity of oilmills is about 36 M tonnes/y, thereby making India as the fourth largestedible oil economy. In spite of considerable installed capacity, thecapacity utilisation is only 40% (solvent extraction units operating at33% and vegetable oil refineries operating at 40% capacity).Production of edible oil in India has increased to 7 M tonnes in1997-1998. Refined oil accounts for nearly 2 M tonnes out of the total oilconsumption of 9 M tonnes. Edible oil consumption is increasing at about5-6%. India imports 43% of edible oil and during 1997-1998 imports haveincreased to 2.1 M tonnes. With the introduction of differential dutystructure in Dec 1999, duty on refined oil was fixed at 27.5% (25% plus10% surcharge) and that on crude oil was 16.5% (15% plus 10% surcharge).The Rup 11.65 bn refined edible oil trader and manufacturer Adani Wilmarbased in Ahmedabad is the largest edible oil refinery in India with arefining capacity of 800 tonnes/day. The refinery produces 100 tonnes/dayof vanaspati at Mundra Port involving an expenditure of Rup 1 bn. Therefinery, which refines all kinds edible oils imports crude oil forrefining from local (Gujarat, Rajasthan and Madhya Pradesh) andinternational (Indonesia, Malaysia, Brazil, Argentina, Canada, and the US)markets.
