Archived News
10-03-2008
Edible oil prices show a southward journey
10/03/2008 (The Economic Times), Ahmedabad - Triggered by the corrections in global edible oil markets, the prices of groundnut, cotton seed and palm oil fell sharply in the local markets in Gujarat. Production centres in the past week witnessed a decline in prices in the wholesale and retail markets.
10-03-2008
Govt refixes edible oil prices again today: Both soyabean, palm oil prices may go up
09/03/2008 (The New Nation, Bangladesh) - Common people have become frustrated as prices of essentials going up everyday in markets. Sufferings of people continue to increase with the rising prices of essentials. The government's initiative of controlling prices of essentials has broke down.
10-03-2008
Cameroon Raises Pay, Cuts Wheat, Palm-Oil Taxes After Riots
08/03/2008 (Bloomberg) - Cameroon's President Paul Biya boosted pay for civil servants and military personnel and abolished import duties on wheat, palm oil and cement in an attempt to calm tensions after riots last month.
10-03-2008
China fears take toll on edible oil
06/03/2008 (The Economic Times), Kuala Lumpur - The sharp reversal in Asian vegetable oil prices moved into a second day on Wednesday as rumours of Chinese action to cool runaway edible oil prices were given credence by official comments.
10-03-2008
Indonesia scraps $5.9bn biodiesel plans
05/03/2008 (The Age) - Indonesian palm oil growers are scrapping or amending plans to make biodiesel after the commodity's surge to a record made the projects unviable, executives say.
03-03-2008
Bangladesh bans exports of soybean, palm oil
03/03/2008 (Reuters), Dhaka - Bangladesh has banned exports of soybean oil and palm oil for six months to halt soaring prices in the country's retail market, officials said on Monday.
03-03-2008
Thailand Inflation Rises at Fastest Pace in 20 Months
03/03/2008 (Bloomberg) - Thailand's consumer prices rose at the fastest pace in 20 months in February as food and fuel costs climbed, making it more difficult for the central bank to cut interest rates to spur economic growth.
03-03-2008
TN to expand oil palm cultivation
03/03/2008 (The Financial Express), Chennai - The Tamil Nadu government has permitted contract farming in oil palm and plans to create large oil palm farms in over 20,000 hectare in the next five years. It has roped in some of the leading farm sector private sector Companies to take the lead in this. By the end of 2006-07, oil palm was being cultivated in 5,341 hectare, mostly in the Cauvery delta districts of Tiruchirapally, Thanjavur, and Perambalur. During 2007-08, oil palm was planted in over 3,000 hectare.
03-03-2008
Subsidy on oil prices to go
29/02/2008 (The Nation, Pakistan), Lahore - The new govt will be compelled to withdraw subsidy on oil prices gradually following a record prices surge in international market, avoiding fiscal budget deficit besides the strong pressure of the world bank, sources confided to The Nation here on Thursday.
03-03-2008
OPINION: Sustainability and future of palm oil
28/02/2008 (NST Online) - PALM oil is riding high. The bullish mood is expected to prevail in the coming months. Prices have hit historic highs and show no sign of softening. At more than RM3,800 a tonne, profits have never been better.
28-02-2008
India\'s palm oil imports seen rising in \'08
28/02/2008 (The Economic Times), New Delhi - India may have to import more palm oil if the domestic prices of mustard, sunflower and groundnut oils continue to remain high, Godrej International director Dorab Mistry said.
28-02-2008
Palm oil may cross 4,000 ringgit
28/02/2008 (The Financial Express), Mumbai - Crude palm oil (CPO) price in Malaysia may cross 4,000 ringgits shortly mainly on increasing demand, lower stocks and declining supplies with weather concerns, said Dorab Mistry, director, Godrej International Ltd, in Malaysia on Wednesday.