Archived News
19-03-2008
Kerala HC declines to stay ban on palm oil import
18/03/2008 (Indlaw News) - The Kerala HighCourt has declined to stay a single judge order ratifying the ban on import of palm oil through ports in the state.
19-03-2008
Ban on edible oils export
18/03/2008 (The Hindu Business Line) - The Centre has banned exports of all edible oils from the country as a measure to curb their rising prices and check inflation. In a notification issued late on Monday, the Directorate-General of Foreign Trade, an arm of the Commerce Ministry, said the ban, with immediate effect, would be applicable for one year.
19-03-2008
India Bans Exports of Edible Oils to Boost Supplies
18/03/2008 (Bloomberg) - India, the world's second-biggest buyer of vegetable oils, banned exports of all edible oils to boost local supplies amid concern a smaller winter oilseed crop may worsen a shortage.
19-03-2008
Govt bans export of edible oil for one year
18/03/2008 (Business Standard) - The government has banned export of edible oil for one year to check rising domestic prices and control inflation. The ban will be in place till March 16, 2009.
19-03-2008
Prices of local ghee, oil brands reduce
19/03/2008 (The News-International, Pakistan) - PRICES of edible oil and ghee further declined in the wholesale market Tuesday, following a decrease in international palm oil rates, while the retailers have also lowered prices - for the first time after a sharp increase was registered previously.
19-03-2008
PODB to import 0.9 million palm seedlings from Malaysia
18/03/2008 (Associated Press of Pakistan), Islamabad - To reduce the growing import bill of edible oil on national economy, Pakistan Oilseed Development Board (PODB) under its Oilpalm Development Project has decided to import 0.9 million palm seedlings from Malaysia. “These seedlings will be grown in the coastal areas of Sindh and Balochistan,†official sources told APP.
19-03-2008
Centre revises tariff value of brass scrap, poppy seeds
18/03/2008 (My Iris) - Central Board of Excise and Customs (CBEC), Department of Revenue, notified tariff values of edible oils, brass scrap (all grades) and Poppy seeds in its circular on Monday (Mar.17, 2008).
18-03-2008
Tradewinds will feel pinch of cess tax
18/03/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd may be riding on high crude palm oil (CPO) prices but the company would still feel the pain of paying Supply and Cooking Oil Stabilisation cess tax, chief executive officer Chan Seng Fatt said.
18-03-2008
Edible oil imports jump 40%
17/03/2008 (The Financial Express), Mumbai - Despite the sharp price rise in crude palm oil (CPO) and crude soya oil (CSO) globally in the past four months, flow of edible oils imports into the country has not been impacted during the current season 2007-08 thanks to demand-supply gap.
18-03-2008
Strong palm and rapeseed oil may raise food costs
17/03/2008 (Guardian Unlimited, UK), Amsterdam - Vegetable oil markets have enough support to remain firm this year with rapeseed and palm oil likely to outperform, which could put pressure on the food industry to increase prices further, analysts say.
18-03-2008
Demand For Palm Oil Increases
17/03/2008 (Morden Ghana) - Consumers all over the world will be feeling the pinch of high food prices in 2008, with cooking oil now joining corn, wheat, and milk on the growing list of food inflation culprits.
18-03-2008
India\'s Feb edible oil imports rise to 430,992 tonnes
17/03/2008 (Forbes), Mumbai - India's edible oil imports for the month of February rose to 430,992 tonnes from 150,927 tonnes last year even though prices were highly volatile.