Archived News
01-04-2008
India May Reduce Edible Oil Duty Further, Nath Says
31/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may further cut edible oil import duties to ensure local supplies and contain inflation.
01-04-2008
India to look at duty cuts on food items
31/03/2008 (Business Spectator, Australia), New Delhi - Indian Trade Minister Kamal Nath said the government was looking to cut duties on food items to rein in rising prices.
01-04-2008
Without biofuel crude prices could be $150-200
26/03/2008 (Commodity Online), Singapore - What would have been the crude oil price now with out the limited production of biodiesel. It would have reached $150-200 per barrel.
31-03-2008
Shahrir: Cap on cooking oil price must remain
30/03/2008 (NST Online), Johor Baru - Consumers will suffer if the ceiling on the price of cooking oil is lifted to help oil palm producers.
31-03-2008
Talks on redistribution of subsidies
30/03/2008 (The Star Online), Johor Baru - The Domestic Trade and Consumer Affairs Ministry will set up a meeting with the National Price Council to discuss the redistribution of subsidies.
31-03-2008
\'Be firm with palm oil companies\'
27/03/2008 (The Star Online), Miri - Local council authorities in Sarawak have been directed to be very firm and uncompromising when collecting levies from oil-palm plantation companies.
31-03-2008
Tariff changes won\'t cure agriculture inflation
28/03/2008 (Business Spectator, Australia) - Increasing market intervention by national governments through changes in import and export tariffs, presumably to rein in prices, will at best distort trade in agricultural commodities and won\'t be an effective weapon against inflation, industry participants said Thursday.
27-03-2008
Global palm oil gains 9% on Customs duty cut
26/03/2008 (The Hindu Business Line), Chennai - Crude palm oil had peaked to $1,486 a tonne on the Malaysia Derivatives Exchange on March 4. By March 19, it had shed 25 per cent of the gains to slip to $1,064.20. Then, on March 20, the Centre announced a cut in Customs duty on all crude and refined cooking oils, except soyabean oil, as part of its effort to rein in inflation.
27-03-2008
Malaysian oil palm growers say levy on CPO hurting margins - report
26/08/2008 (Forbes), Kuala Lumpur - Malaysia's oil palm industry is urging the government to abolish the scheme that requires industry players to subsidize the price of cooking oil, which has put a dent in their margins, the New Straits Times reported Thursday.
27-03-2008
Higher special cess to subsidise cooking oil
27/03/2008 (The Star Online), Kuala Lumpur - Local oil palm plantation owners with over 40ha of estates are expected to pay higher special cess this year to help subsidise the Government's cooking oil stabilisation scheme (COSS) introduced in May 2007.
27-03-2008
End price control on cooking oil, say planters
27/03/2008 (NST Online), Kuala Lumpur - Palm oil producers want the price control on cooking oil to be abolished.
27-03-2008
Work starts on palm tree cultivation in Balochistan
27/03/2008 (The News- International, Pakistan), Karachi - Pakistan Oilseed Development Board (PODB) has started work on a big pilot project to cultivate palm trees in Balochistan to see if Pakistan’s reliance on imported edible oil could be reduced.