Tuesday, September 30, 2014

National Geographic Magazine - When the Snows Fail







When the Snows Fail



By Michelle Nijhuis
Photographs by Peter Essick



The American West faces persistent drought, whether or not relief comes this winter. When will the hard choices be made?



For three generations the Diener family has farmed the same ten square miles of Central Valley dirt. In the 1920s they grew barley and alfalfa to feed the mules that powered the construction of Los Angeles. In the 1930s, as internal combustion replaced animal muscle, they grew cotton to bind rubber car tires.





Today, as California limps through its third year of drought, John Diener, his sons, and their land are getting into the cactus business.





Diener grows produce on as grand a scale as any in the Central Valley, cultivating hundreds of acres of tomatoes, almonds, organic broccoli, and other crops. But he thinks differently from most farmers here. Maybe it's that he's the youngest son of a youngest son, used to making the most of bad situations. Or maybe his years living outside the valley have given him a maverick's confidence.





Whatever the reason, he doesn't put much stock in more dams, fewer environmental restrictions, or any of the other measures his neighbors say will relieve the economic pain. Short-term fixes, he shrugs. "The real problem," he says as he navigates his pickup through the valley's grid of dusty roads, "is that there's just not enough water in the system."





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MYpalmoil

MYpalmoil


FGV: Msia may extend duty free palm oil exports

Posted: 28 Sep 2014 09:19 PM PDT

MUMBAI (Reuters): MALAYSIA, the world's second-biggest palm oil producer, could extend duty free exports until the end of this year if prices of the tropical oil remain at current levels, a leading palm oil producer.

Malaysia has allowed duty free exports of crude palm oil for this month and next. A further extension in duty-free exports would help it reduce stockpiles but also put pressure on rival top producer Indonesia to consider similar measures.

Indonesia has allowed duty free exports for October in response to the Malaysian duty structure.


"If prices remain at the current level, then Malaysia could allow duty free exports in November and December," said Felda Global Ventures Holdings Bhd (FGV) chief executive officer Mohd Emir Mavani Abdullah told Reuters yesterday.

Both Malaysia and Indonesia set export taxes on a monthly basis. In August, Malaysia's export duty for crude palm oil was five per cent, while Indonesia has set its September rate at 9 per cent compared with 10.5 per cent in August.

Malaysian palm oil futures settled at RM2,177 per tonne last Friday, after hitting a 5-year low at RM1,914 on September 2.

Palm oil has fallen a quarter since its March peak of RM2,916. The duty free exports have been helping in bringing down stockpiles in Malaysia, Mohd Emir said.

FGV is planning to enter India, the world's biggest importer of palm oil, by setting up a port-based refinery with a local partner, said Mohd Emir, who was in Mumbai for a Globoil India conference. "We are examining a couple of proposals now."

India's palm oil imports in the 2014/15 marketing year starting in November are forecast to surge to nine million tonnes, compared with 2.6 million tonnes in 2005/06.

Meanwhile, editor of the Hamburg-based newsletter Oil World Thomas Mielke said palm oil price could rise as much as 10 per cent to US$750 per tonne in January-March 2015 because of dry weather.

"Oil palm growing areas are suffering from dryness in Indonesia and Malaysia. If there is continuation of dryness in October, then the oil palms will be stressed. This could reduce the number of fruit bunches in the coming months. 

"I think vegetable oil prices have bottomed out ... the growth in palm oil production would most probably be just 2 million tonnes ... the lowest in 5 years, in 2014/15," Mielke said. "Crude palm oil could rise up to the range of US$730 - US$750 per tonne, in the first quarter of 2015 from US$680 per tonne now," he added.

Monday, September 29, 2014

STANDARD MILLING PRODUCT LOSSES

PRESS FIBRE

  • Oil loss to dry matter : 7.00 - 9.00%
  • Oil loss to wet matter : 4.00 - 6.00%
  • Moist : 35.00 - 45.00%
  • Non-oily solids : 45.00 - 50.00%
STERILISER CONDENSATE
  • Oil loss to dry matter : 12.00 - 15.00%
  • Oil loss to wet matter : 5.00 - 7.00%
  • Moist : 90.00 - 95.00%
  • Non-oily solids : 4.00 - 5.00%
DECANTER CAKE
  • Oil loss to dry matter : 12.00 - 15.00%
  • Oil loss to wet matter : 4.00 - 6.00%
  • Moist : 5.00 - 6.00%
CPO PRODUCTION OIL
  • Moist : 0.10 - 0.20%
  • Free fatty acid : 2.50 - 4.50%
  • Dirt : 0.015 - 0.020%
  • Dobi : >2.3
FIBRE CYCLONE
  • Kernel losses : 1.00 - 2.00%
LOW TENSION DUST SEPARATOR  (LTDS)
  • Kernel losses : 2.00 - 3.00%
WET SHELL
  • Kernel losses : 3.00 - 5.00%
NUT CRACKER
  • Whole nut : 0.5 - 1.00%
  • Broken nut : 1.00 - 1.50%
  • Whole kernel : 28.00 - 38.00%
  • Broken kernel : 10.00 - 12.00%
  • Efficiency : 97 - 98%
PRODUCTION KERNEL
  • Moist : 6.00 - 7.00%
  • Dirt / Shell : 5.00 - 6.00%
  • Free fatty acid : 2.50 - 3.00%
POLISHING DRUM
  • Broken nut : 10.00 - 12.00%
  • Whole kernel : 3.00 - 5.00%
  • Broken kernel : 2.00 - 3.00%

Source  :  Malaysian Palm Oil Board

National Geographic Magazine - The Nuclear Tourist







The Nuclear Tourist



By George Johnson
Photographs by Gerd Ludwig



An unforeseen legacy of the Chernobyl meltdown



They say that five sieverts of radiation is enough to kill you, so I was curious to see the reading on my Russian-made dosimeter as our tour van passed into the exclusion zone--the vast, quarantined wilderness that surrounds Chernobyl. Thick stands of pines and birches crowded the roadside as our guide reminded us of the ground rules: Don't pick the mushrooms, which concentrate radionuclides, or risk letting the contaminants into your body by eating or smoking outdoors. A few minutes later we passed the first of the abandoned villages and pulled over to admire a small band of wild Przewalski's horses.





Twenty-eight years after the explosion of a nuclear reactor at Chernobyl, the zone, all but devoid of people, has been seized and occupied by wildlife. There are bison, boars, moose, wolves, beavers, falcons. In the ghost city of Pripyat, eagles roost atop deserted Soviet-era apartment blocks. The horses--a rare, endangered breed--were let loose here a decade after the accident, when the radiation was considered tolerable, giving them more than a thousand square miles to roam.





I glanced at my meter: 0.19 microsieverts per hour--a fraction of a millionth of a single sievert, a measure of radiation exposure. Nothing to worry about yet. The highest levels I had seen so far on my trip to Ukraine were on the transatlantic flight from Chicago--spikes of 3.5 microsieverts per hour as we flew 40,000 feet over Greenland, cosmic rays penetrating the plane and passengers. Scientists studying Chernobyl remain divided over the long-term effects of the radiation on the flora and fauna. So far they have been surprisingly subtle. More threatening to the animals are the poachers, who sneak into the zone with guns.





A few minutes later we reached Zalesye, an old farming village, and wandered among empty houses. Broken windows, peeling paint, crumbling plaster. On the floor of one home a discarded picture of Lenin--pointy beard, jutting chin--stared sternly at nothing, and hanging by a cord on a bedroom wall was a child's doll. It had been suspended by the neck as if with an executioner's noose. Outside, another doll sat next to the remains of a broken stroller. These were the first of the macabre tributes we saw during our two days in the zone. Dolls sprawling half dressed in cribs, gas masks hanging from trees--tableaux placed by visitors, here legally or otherwise, signifying a lost, quiet horror.





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MYpalmoil

MYpalmoil


Ruling the roost in estates

Posted: 27 Sep 2014 11:27 PM PDT

This is written by my colleague at New Sunday Times.

Owls have been associated with wisdom and bad luck. But some oil palm plantations have been providing lodging for these predatory birds to act as rodent catchers since the 1980s, writes SUZANNA PILLAY.

AS far as sustainable farming goes, some practices are something to hoot about. For 30 years, Sime Darby (SD) Plantation has successfully run a Barn Owl programme in its estates.

"Today, there are owls in our estates in Malaysia, except for Sarawak, as well as some of our operations in Indonesia. The number of owls are estimated at around 21,000 birds in Peninsular Malaysia alone. 

"Work is in progress for us to bring the owls to our estates in Sarawak, and later in Liberia," said SD's head of research and development Dr Mohamed Nazeeb Ali Thambi on a visit to its oil palm estates on Carey Island and Jomalina refinery.

SD Plantation first started to consider the viability of barn owls as a sustainable and environmentally friendly method of pest control on its oil palm plantations in the early 1980s, when commercial-scale trials proved their effectiveness in the biological control of rats.

According to Nazeeb, commercial-scale implementation at SD's oil palm plantations commenced in 1987.

"There was no purchase, or training of the owls. All we did was to set up nesting boxes for them and the population naturally increased. They occupied the nest boxes erected at the estates and will continue to do so as long as there are rats available as a food source."

Biannual census is conducted to ascertain the population of barn owls in the estates, he added. The ratio of owls per estate is worked out based on the occupancy rate per box and the territorial range of the owls.

"Usually, there will be a pair of adult owls occupying a box for every 10 hectares of an estate. There are two breeding seasons — July to October, and November to February. The eggs hatch after 32 days. The chicks will remain in their nests until they can feed on their own after about eight to nine weeks, when they fly out of their nests and live on their own as adults."

He said with the use of barn owls, the oil palm plantations are able to reduce rat control costs by 30 to 40 per cent. A barn owl eats an average of one rat per day. A family that comprises two adults and two baby birds could consume 1,200 rats per year."

It has been estimated that rats consume up to six per cent of crop production each year. In severe cases, the losses can be higher.

"To maintain the prey-predator equilibrium and keep the damage caused by rats below the economic threshold, we still need some chemical intervention, albeit, in a much smaller quantity compared with when barn owls are not used."

Aside from rats, Nazeeb said leaf-eating insects, like bagworms, nettle caterpillars, rhinoceros beetles and termites, also cause damage at oil palm estates.

"Encouraging the presence of more beneficial predatory insects, parasitoids and entomo-fungi help eliminate leaf defoliating insects in oil palm estates, while cultivating beneficial plants and flowers that provide shelter and supplementary food like nectar will encourage the population of predators and parasites."

Crop losses caused by such insects can be very devastating, he said. He cited leaf-eating caterpillars, which are able to strip the leaves of the palm resulting in crop losses over a period of two years following an infestation.

Another common oil palm pest, rhinoceros beetles bore into the cluster of developing spears in the crown of the palm to feed on the soft tissues. They could also bore through the frond bases into the soft tissues of young, unopened leaves. The damage caused by rhinoceros beetles will result in crop losses upon maturity.

Pests like termites attack oil palm trees by damaging the meristem in the crown and feed on the living tissue in the trunk, eventually killing the tree. Using direct bio-control agents, such as viruses and fungi to infect the pests, at oil palm estates is also a must," he said.

Rhinoceros beetles can be killed using entomopathogenic (parasitic) fungi. The fungi's spores penetrate the beetles' cell tissue and secrete toxins. Entomopathogenic fungi are also used to control termites, but this method is still a work in progress for commercial use.

Pheromone trapping is efficient in controlling the population of flying insects, like rhinoceros beetles, which would otherwise require fortnightly spraying of insecticides in plantations.

"Spraying is costly and labour intensive. The pheromone attracts the beetles and traps them inside a bucket, where they will eventually die. These methods were introduced in the 1960s and, suffice to say, there have been significant savings in terms of cost as well as the improvement of our yield."

In an outbreak of pests, where natural enemy pressure is no longer sufficient, environmentally friendly insecticides will be used until the situation is under control.

"An outbreak is deemed to have occurred when damage can be seen very clearly on leaves and pest counts have gone up above the defined threshold. Normally, one or two rounds of insecticide will bring back equilibrium. The estates practice an alert and survey system to monitor pest levels so that early intervention is possible with minimal use of insecticides."

Sunday, September 28, 2014

Asmaul Husna

MYpalmoil

MYpalmoil


Pandan Chiffon Cake

Posted: 26 Sep 2014 06:20 PM PDT

It has been a while since the last recipe posting in this blog. Most cakes use butter or margarine, here's one that is baked with palm cooking oil. Of all the cakes I've eaten, the chiffon cake is still my favourite. I like it that this air-whipped cake looks like a giant doughnut. 


Ingredients

  • 6 egg whites
  • 125g caster sugar
  • 6 egg yolks
  • 80g caster sugar (additional)
  • 1/2 teaspoon of vanilla essence
  • 165 ml coconut milk (the smallest can)
  • 2 tbsp palm cooking oil
  • 1 1/2 teaspoon pandan essence
  • 120g plain flour
  • 1 tsp baking powder
  • a pinch of salt
Instructions
  1. Heat the oven up to 160 degrees Celcius.
  2. In a large mixing bowl, whisk the egg whites until foamy. Slowly add in the (125g) sugar until you get stiff peaks.
  3. You should be able to hold the whisked egg whites over your head without it falling out.
  4. In a separate bowl, whisk the egg yolks, sugar (80g) and vanilla essence until it forms a pale and creamy mixture. It should triple in size.
  5. In a small bowl, mix the coconut milk, palm cooking oil and pandan essence.
  6. Add this to the egg yolk mixture, whilst whisking at a slower speed. 
  7. Once it is thoroughly mixed through, sift in the flour, baking powder, a pinch of salt and gently fold through.
  8. Add one third of the egg whites to the now green mixture. Beat it to loosen up the batter.
  9. Add the remaining egg white and fold gently into the mixture, taking care to not overwork it.
  10. Pour the batter into a doughnut-shaped cake tin. Bake for around 45-50 minutes.

Thursday, September 25, 2014

MYpalmoil

MYpalmoil


Msia PM: Rich nations should do more

Posted: 24 Sep 2014 05:20 AM PDT

This is written by New Straits Times Press Bhd group managing editor Datuk Abdul Jalil Hamid.

NEW Y0RK: Prime Minister Datuk Seri Najib Razak told the UN Climate Summit, yesterday, that Malaysia is committed to cut carbon emissions but said rich nations should also keep to their promises.

He said at the one-day summit ahead of the annual meeting of the UN General Assembly that Malaysia was on track to cut the emissions intensity of the gross domestic product by 40 per cent, in six years, as promised.

He said the pledge made at the 2009 Copenhagen UN climate change conference was made on the understanding that parties would honour their commitments to assist developing nations in financing and technology transfer.

"They did not. Yet Malaysia continued to cut its emissions intensity, for the sake of our people – and our planet.

"This time must be different. This time, all countries should commit to an ambitious deal to reduce emissions. And they must follow-up that commitment with consistent action," he said.

Najib said since 2009, Malaysia had implemented new national policies on climate change and green technology.

"We (also) passed a Renewable Energy Act establishing a feed-in-tariff for renewables. We made adaptation and mitigation central to our water resource management. And we gazetted new forest reserves, reaffirming our commitment to a pledge we made at the 1992 Rio Earth Summit," he said.

He said Malaysia had also taken steps towards a cleaner future besides having a more balanced energy mix.

"But this progress came at a cost. In allocating finite national resources, we have had to make painful decisions. We had to choose between adaptation and mitigation.

"Malaysia has spent nearly US$2.6 billion in the last decade adapting to more frequent floods. This is money we could have invested in green industries, or used to slow climate change," he said.

Najib said Malaysia would continue to act on climate change by having new policies to promote energy efficient vehicles, a new corporate greenhouse gas reporting programme, a building sector energy efficiency project and a low carbon city framework.

Wednesday, September 24, 2014

Small Move, Big Change

What if I made a small change?

As you set out to make actual changes in your life, start small. Wall Street executive Caroline Arnold, author of 'Small Move, Big Change', advises that if you focus on 'microsolutions' - small, targeted, behavioural changes - you are much more likely to succeed in life.

For example, when Arnold set out to get in shape, she focused on one small behavioural change - walking to work instead of taking train. And she only commited to doing this once a week, on Mondays. Eventually, it became a habit, and now she walks to work every day.

So why not just resolve to walk to work everyday to begin with? By holding yourself to that higher standard, your chances of failure are greatly increased.

Arnold says, Bottom line : Resist the urge to try to change too much, too quickly. Begin, instead, by asking, "What if I made one small change?"


Source : NST

Tuesday, September 23, 2014

...... special flowers

17 September 2014 - 20th. Wedding Anniversary for me and my wife. May Allah bless us and our family. In shaa Allah. We appreciate the support of all friends.  ### ..... special flowers for special day for special one !!!



Monday, September 22, 2014

SORT OUT YOUR PRIORITIES

1 - decide what's most important to you each day
2 - keep everything organised
3 - delegate as many tasks as possible
4 - give yourself mini breaks whenever you can
5 - make every moment of the day count
6 - negotiate your work load with your boss
7 - don't put off things you can get done today
8 - allow yourself the freedom to say "No"

"There are plenty of things you can put on your 'to do' lists that don't need to done immediately. Of course, these should not be ignored, but make sure you do the most important things first, and to do that, you need to take a few minutes out of your hectic schedule to identify what really matters today."


Source  :  NST

National Geographic Magazine - A World Apart







A World Apart



By Kennedy Warne
Photographs by Brian Skerry



The Southern Line Islands



"If an alien had just one day on Earth and wanted to see a coral reef," says National Geographic Explorer-in-Residence Enric Sala, "I would show him Millennium Atoll."





What that alien would see is one part of perhaps the most pristine archipelago in the Pacific: five remote isles named Caroline (commonly called Millennium), Flint, Vostok, Malden, and Starbuck, together known as the southern Line Islands. The waters around these uninhabited specks of land, located 1,500 to 2,100 miles south of Hawaii, are among the last truly wild places in an overexploited ocean.





Now that area will be protected. The Kiribati government recently declared a 12-nautical-mile fishing exclusion zone around each island, part of an effort led by Sala, a marine ecologist, and National Geographic's Pristine Seas project to document and conserve what's left of the planet's least spoiled marine environments. The creation of a southern Line Islands marine preserve is something Sala has been hoping for since he led an expedition to the region in 2009. "These islands help us understand what 'pristine' means," he says. "From every perspective--coral density, fish biomass, the number of top predators, the biodiversity--their ecological story is amazing."





During the 2009 expedition divers spent more than a thousand hours underwater around the five islands. What they found astonished them. On some reefs the corals were so dense they covered 90 percent of the seabed--vastly more than the 5 to 10 percent coral coverage found in the Caribbean.





Read the full story online.







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memori telok sengat mill





like to see it .....



Alamak Problem !!!

Thursday, September 18, 2014

MYpalmoil

MYpalmoil


Oil palm planters enduring severe financial burden

Posted: 16 Sep 2014 06:59 PM PDT

Malaysia's social safety laws of Windfall Profit Levy and Minimum Wages are meant to make cooking oil affordable to the poor and pave the way towards a high income nation. Unfortunately, oil palm planters are suffering from these policy backfirings, writes OOI TEE CHING.



THE Minimum Wages Order 2012, which took effect from January last year, requires employers with six employees and above to pay a minimum wage of RM900 a month in Peninsular Malaysia or RM800 a month in Sabah, Sarawak and the Federal Territory of Labuan. 

As the government seeks to propel Malaysia into a high-income nation by introducing minimum wages, the blanket implementation of this figure to "basic rate" instead of "take-home pay" across all sectors had given foreign workers more money to send back to their home countries.

In an interview with Business Times, Malayan Agricultural Producers Association (Mapa) executive director Mohamad Audong said the blanket implementation of the minimum wage policy, rising bank borrowing costs and falling palm oil and rubber prices have resulted in planters being hit from all sides.

"While there is a 20 per cent increment in the basic wages, this has resulted in almost 40 per cent more money outflow from Malaysia last year. In theory, this law is supposed to help the oil palm industry become more productive. In reality, however, planters are badly hurt," he said.

Mohamad pointed out that in 2012, foreign workers in the agriculture sector remitted around RM8 billion to their home countries. After the Minimum Wages Order 2012 was implemented last year, foreign workers sent back around RM11 billion. This year, Mapa estimates this figure to surpass RM15 billion. 



He explained that planters are facing higher production costs. This is mainly due to more expensive foreign worker recruitment fees, higher fuel and utilities, such as diesel, electricity and water.

There are also various new fees and tax hikes to be imposed by the federal and state governments. On top of that, oil palm planters also have to pay cess of RM13 per tonne to government agency Malaysian Palm Oil Board.

The bleak outlook, Mohamad said, is compounded by Bank Negara Malaysia's raising of interest rates. This means costlier bank loans to rubber and oil palm planters. 

Since oil palm planters are price takers, their earnings are at the mercy of pricing in the world's commodities markets. On Monday, the third month benchmark palm oil futures contract on Bursa Malaysia derivatives market added RM15 to close at RM2,099 per tonne.


"Don't forget many of our planters borrow money from the banks and issue bonds, of which bankers and insurance companies are subscribers."

Depending on the year of planting, Mapa calculated that palm oil production cost of these heavily-geared planters ranges between RM1,300 and RM3,000 per tonne.

"The minimum wage policy works best if commodity prices are on the uptrend, not when prices are falling," Mohamad said.

As the government seeks to review the minimum wage ruling at the end of this year, planters appeal for a more judicious implementation of the Minimum Wages Order 2012. 

"We're not opposing the minimum wage law. It is the way the salary is being packaged. It would be more practical if the government amends the RM800 and RM900 per month minimum figure to that of take-home pay instead of basic rate. This would streamline the Minimum Wages Order 2012 to the main thrust of existing labour laws as that interpreted by the Industrial Court for many decades," he said.

Mapa represents close to 200 plantation companies in Peninsular Malaysia, with estates spanning across a million hectares. These oil palm planters employ some 125,000 workers in the fields, of which 80 per cent are foreigners.

In their 2015 Budget wishlist, oil palm planters are appealing for the government to streamline the minimum wage rate with existing labour laws. They also want the government to abolish the windfall profit levy and rationalise cooking oil subsidy. 

Meanwhile, Malaysian Estate Owners Association (MEOA) president Datuk Boon Weng Siew concurred that oil palm planters endure severe financial burden with the spectre of taxes and new ones to be introduced. "For every RM1 we earn, we have to pay almost 45 sen to the federal and state governments in taxes," he said.

"Planters are not required by law to provide accommodation, schools, clinics and places of worship, but many of MPOA (Malaysian Palm Oil Association) members do so as part of their corporate social responsibilities.

"When you factor into these amenities and benefits to workers, such as housing, water, electricity, medical care, transportation... it amounts to about RM450 per month per worker," Boon added.

"Now, there is a new tax called Property Assessment Tax imposed by local authorities at between RM5 and RM100 per hectare. "This burden is increasingly painful on our members," he said.


Apart from the minimum wage ruling of unintended higher money outflow, oil palm planters' subsidising of cooking oil is also seeing huge wastage in the form of rampant smuggling to neighbouring countries.

Under the Cooking Oil Subsidy Scheme, palm cooking oil is capped at RM2.50 per kg.

Boon put things into perspective when he highlighted cooking oil sold in Malaysia is priced at 65 per cent discount of global market pricing.

"In other words, the same 1kg of cooking oil sold in Malaysia for RM2.50, if shipped out of the country, would fetch US$2.50 (or RM8.03). Exporters could price it three times higher in neighbouring countries," he said, adding that the billion-ringgit subsidy that goes into cooking oil sold, here, is being funded by a windfall profit levy imposed on oil palm planters.

It has been reported that this levy is unfair because it is imposed on assumed profit and not on actual profit.

The levy is activated when palm oil exceeds RM2,500 a tonne. Planters in Sabah and Sarawak pay windfall tax when the prices cross RM3,000 per tonne.

MEOA, which represents 153 small- and medium-sized estates of more than 40ha, is appealing to the government to review the cooking oil subsidy, which benefits restaurant operators, traders, smugglers and people across the border more than the hardcore poor.

The price of palm cooking oil should be allowed to float in the open market, he suggests, and vouchers can be issued to hardcore poor households to mitigate the impact on them.  

Good to buy plantation counters now

Posted: 16 Sep 2014 06:46 PM PDT

KUALA LUMPUR (Bloomberg): PALM oil's slump to a 5-year low offers investors an opportunity to buy plantation counters, according to Dorab Mistry, director at Godrej International Ltd, who says producers are still making money.

"I am often asked these days if oil palm plantation and palm oil processing company equities should be bought. My answer is a resounding yes," Mistry said two days ago, without identifying the stocks.

"You invest in plantations when palm oil prices are low. I prefer processing companies which manufacture speciality fats, oleochemicals, biodiesel and own consumer brands. Upstream companies will benefit when the price cycle turns."

Mistry, who has traded palm oil for more than three decades, joins Standard Chartered Plc in recommending investors buy plantation stocks to profit from a anticipated rebound in prices.

Palm oil fell to a 5-year low, two weeks ago, as output from Indonesia and Malaysia, the biggest producers, topped demand amid a glut in global cooking oil supplies, including soyabean oil.

Global palm consumption increased 81 per cent in the decade to last year as rising incomes lifted demand, the United States government data show.

"Long-term demand for palm oil is very supportive of the sector and that supports the case for recovery in crude palm oil (CPO) prices," said Alex Fergusson, a fund manager at Singapore-based Woodside Holdings Investment Management Pte, referring to a period of five to 10 years.

Growth in per capita gross domestic product and populations in emerging markets are the drivers for demand, said Fergusson.

Prices will drop in the next few weeks towards the cost at which growers in Asia produce the world's most-used cooking oil, said Mistry at an oils and fats conference organised by the Malaysian Palm Oil Board and Malaysian Palm Oil Council, in Shanghai, recently.

The world is awash with vegetable oils. Futures will drop to about RM1,900 a tonne, he said. That is 9.6 per cent below Monday's close of RM2,099 per tonne on the Bursa Malaysia Derivatives and would be the lowest price since March 2009.

"It is almost impossible to forecast a bottom at this stage of the production cycle," Mistry said. "However, producers are still very much in the money and I do not foresee prices going below cost of production."

Palm oil prices are expected to strengthen next month onwards on lower production, and there is a better outlook for 2015 as biodiesel demand may increase, RHB Investment Bank Bhd said in its September 10 report to investors.

The bank said it remains "overweight" on plantation stocks in Indonesia and Singapore. CPO prices dropped 21 per cent this year to RM2,101 a tonne on Monday. Prices fell to a five-year low of RM1,914 on September 2, then rebounded after Malaysia scrapped an export levy for this month and next month.

Full-year output in Malaysia, the world's second-largest grower, will probably be in the region between 19.7 million tonnes and 19.9 million tonnes, Mistry said.

In the first eight months of this year, supply was 12.76 million tonnes, 991,000 tonnes more than a year ago, while exports dropped 6.6 per cent to 10.99 million tonnes, he said.

Stockpiles will continue to rise and peak in December. Reserves in Malaysia jumped 22 per cent to 2.05 million tonnes last month from July, the biggest percentage gain since October 2009, Malaysian Palm Oil Board data show. 

Incentivise good corp governance

Posted: 16 Sep 2014 06:24 PM PDT

KUALA LUMPUR: Malaysia Institute of Chartered Secretaries and Administrators (Maicsa) is proposing that tax breaks be accorded to companies for expenses incurred for good corporate governance compliance.

Maicsa president Chua Siew Chuan told Business Times that the government can incentivise good governance among corporate Malaysia by according tax breaks in the form of tax deductible expenses under the 2015 Budget."

"Expenses incurred in ensuring transparent and ethical ways of doing business will result in sustained participation from investors and stakeholders," she said on the sidelines of the Maicsa 2014 conference last week.

Corporate governance is about how company directors make decisions and put them into action. Measures to enhance ethical business practices include the setting up of a whistle blowing department within the company, strengthening of internal audit and appointment of chief governance officer.

Since 2012, the Malaysian Code on Corporate Governance had placed greater emphasis of good governance on public-listed companies.

Good corporate governance is integral in balancing the interests of the many stakeholders in a company, namely shareholders, management, customers, suppliers, financiers, government and the community.

"We're no longer confined to the traditional passive job of preparing the minutes of meetings. We're a lot more proactive since Bank Negara began to recognise company secretaries as gatekeepers of good governance," Chua said.

"Nowadays, company secretaries are expected to guide their board of directors in 'walking the talk' on integrity and transparency in their daily business decision-makings," she said, adding that corporate directors have increasingly turned to company secretaries for advice on procedural and regulatory requirements. Company secretaries also help the chairman in determining the annual board plan.

In view of the expanded role being undertaken by company secretaries, she said it is timely for the government to consider introducing a dedicated set of laws for this profession.

"Many countries already have a Company Secretaries Act, including India, Bangladesh and Pakistan. It would be timely for Malaysia to have a dedicated set of laws to give due recognition and properly regulate this profession," said Chua.

Established in 1959, Maicsa is part of The Institute of Chartered Secretaries and Administrators (ICSA) headquartered in the United Kingdom, which has 36,000 members in more than 70 countries.

Wednesday, September 17, 2014

MYpalmoil

MYpalmoil


Malaysia help fight Ebola, donates medical gloves

Posted: 15 Sep 2014 07:25 PM PDT

PUTRAJAYA: (Bernama) Malaysia is sending 20.9 million pairs of medical gloves to five African nations, which have been badly hit by the deadly Ebola virus.

The Prime Minister's Office, in a statement yesterday, said Malaysia would be shipping off 11 container-loads from Port Klang, each holding 1.9 million pairs of medical rubber gloves, to help fight the disease that had claimed so many lives.

Liberia, Sierra Leone and Guinea will each receive three containers while Nigeria and the Democratic Republic of Congo will receive one each, it said.


Najib (L) in the handing over ceremony to representatives of Ebola-hit countries in Putrajaya on Sept 15, 2014. Among those present to receive the contributions are (from right) Guinea High Commissioner Dr Alpha Diallo, Republic of Congo Ambassador Francios Balumuene and Negeria's High Commissioner Bello Shehu Ringim. BERNAMA
Prime Minister Datuk Seri Najib Abdul Razak handed over the medical supplies to Nigeria's High Commissioner Bello Sheuhu Ringim, Republic of Congo Ambassador Francios Balumuene and Guinea High Commissioner Dr Aloha Diallo. Also present at the ceremony were Deputy Foreign Minister Datuk Hamzah Zainuddin and Advisor in the Prime Minister's Department Tan Sri Dr Jamaluddin Jarjis.

Balumuene thanked Malaysia for the humanitarian gesture in donating medical gloves."This gestures goes a long way in helping the affected countries," he said.

"Malaysia is making this vital contribution to help fight against this contagious haemorrhagic fever called Ebola. We hope this contribution will help prevent the spread of this deadly disease," said Najib, adding he is saddened that 4,453 people had suffered from the Ebola virus, including 2,263 deaths.

A total of 13 glove-making companies have contributed to this cause, including the world's biggest Top Glove Corp Bhd. These companies sourced natural rubber latex from four plantation giants; namely IOI Corp Bhd, Sime Darby Bhd, Felda Global Ventures Holdings Bhd and Kuala Lumpur Kepong Bhd.

Top Glove Corp chairman Tan Sri Lim Wee Chai said the RM1.8 million worth of much needed medical gloves will reach the respective health ministries of the affected countries, in six weeks.

Meanwhile, the Foreign Ministry (Wisma Putra) laud Corporate Malaysia's humanitarian initiative in such times of dire need. "It reflects caring relations and co-operation between Malaysia with all five West African countries," it said.

West Africa has been hit by the Ebola outbreak in the past six months. It started out from the south-eastern part of the Republic of Guinea and became a widespread epidemic in Guinea, Liberia and Sierra Leone, Nigeria and more recently, Republic of Congo.