Archived News

02/01/2008 (Reuters), Hamburg - India is set to increase vegetable oils imports in coming months, especially of palm oil as its domestic oilseed production cannot cope with rising demand, Hamburg-based oilseeds analysts Oil World forecast.

02/01/2008 (Mongabay.com) - Organutans could serve as a symbol to unite conservationists against damaging palm-oil production. In a letter published today in Nature, Oscar Venter, Erik Meijaard and Kerrie Wilson argue that proposals for conservation groups to purchase and run oil palm plantations for the purpose of generating funds for forest protection are unlikely to be successful. The concept was originally put forth by Lian Pin Koh and David S. Wilcove in a 2007 Nature article.

01/01/2008 (AllAfrican.com) - African producers of almost all agricultural commodities can expect strong prices on global markets next year, with growing investor interest boosting demand-related increases.

01/01/2008 (Reuters), Mumbai - India left tariff values unchanged for six palm group oils and crude soybean oil, a Central Board of Excise and Customs notification said on Tuesday.

02/01/2008 (The Daily Star, Bangladesh) - Consumers in lower and middle income brackets have been hit hard by the skyrocketing prices of oil and rice over the last week with traders fearing further jumps due to price hikes on the global market.

01/01/2008 (The Star Online) - Oil palm companies are subjecting themselves to scrutiny to meet consumer demand for eco-friendly palm oil. Palm oil is heading for certification – the first tangible sign of a commitment towards sustainable production of the versatile yet controversial commodity.

02/01/2008 (The Bangkok Post) - India-Asean free trade talks are scheduled to resume next week and, if all goes well, a deal will be concluded in March and signed by June after missing earlier deadlines, according to Thai authorities.

01/01/2008 (The Daily Times, Pakistan), Islamabad - Pakistan and Malaysia are set to enter into a free trade arrangement (FTA) from New Year today under Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) 2008-2014.

28/03/2008 (ICIS News), Singapore - Indonesia will double the taxes slapped on crude palm oil (CPO) exports in April to curb inflation, but oleochemical makers were cautiously optimistic that this would increase local feedstock supply and lower prices, industry sources said on Friday.

31/12/2007 (The Star Online), Kuala Lumpur - The East Coast Economic Region (ECER) plans to integrate cattle rearing in oil palm lands will provide dual income to oil palm farmers and can create 6,000 new job opportunities for the region, said Malaysian Palm Oil Board’s director-general Datuk Dr Mohd Basri Wahid.

30/12/2007 (The Hindu Business Line), Mumbai - Commodity markets were shaken out of the laidback style that usually marks this time of the year, the holiday season. Perceived geopolitical risk following political developments in Pakistan on Thursday had an immediate impact on the crude market and on gold as well.

29/12/2007 (Newindpress.com), New Delhi - Centre has banned the import of palm group of oils through all the ports located in Kerala. R S Gujral, Director General of Foreign Trade, Union Commerce Ministry in a notification on Wednesday banned the imports of palm oil and its fraction, whether or not chemically modified, crude palm oil, other palm oil, RBD palm oil, RBD palmolein, other such oil, palm kernel oil through the ports of Kerala.