Archived News

17/03/2008 (The Bangkok Post) - The Energy Ministry will draft a new national biofuel plan with a significant focus on alternative energy sources as oil prices are expected to continue to increase.

14/03/2008 (Commodity Online) - Palm oil futures in Malaysia, the global benchmark, climbed on speculation recent declines may encourage buying, including from China to make up for damage to its winter rapeseed crop.

13/03/2008 (Commodity Online), New Delhi - India holds the distinction of the largest producer, importer and consumer of edible oil in the world. To some it is a dubious distinction while to others it is a business opportunity. World over, oil producing countries look towards India’s demand and supply to ascertain their prices which means India virtually decides the world prices of edible oil.

12/03/2008 (Commodity Online), Indore - Worried over the rising inflation rate sin the country, the government may cut the import duty on edible oil by 10 per cent.

12/03/2008 (Food Navigator) - Coconut oil prices are set to stay high this year, pushing food makers to look at innovative ways of reducing their costs.

12/03/2008 (Express Hospitality) - Despite overwhelming scientific evidence that trans fats are worse than saturated fats for cardiovascular health, most food manufacturers worldwide are reluctant to replace trans fat with natural semi-solid fats.

12/01/2008 (The Bangkok Post) - Charoen Pokphand Group, the country's biggest agro-industrial conglomerate, plans to start producing palm oil over the next three years to capitalise on rising domestic demand for the commodity, driven by its increased use in both cooking and biofuels.

12/03/2008 (The Star Online), Jakarta - A unit of agro and aquaculture firm Charoen Pokphand Indonesia Tbk plans to invest US$280mil to develop palm oil plantations in West Kalimantan driven by demand for biofuel, a company official said yesterday.

12/03/2008 (Daily Times, Pakistan), Islamabad - The use of agriculture commodities for making bio fuels in major developed and developing countries has not only decreased the availability of essential agriculture commodities in international market but also increased their prices many fold for food importing countries including Pakistan.

11/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may cut import duties by more than 10 percent as record high global prices fan inflation, the country's largest importer said.

11/03/2008 (Reuters), Kuala Lumpur - Malaysian crude palm oil prices rallied 5 percent on Tuesday, as buyers rushed back into the market after stronger export data and an overnight jump in soyoil and crude oil prices, traders said.

11/03/2008 (Commodity Online, India), Mumbai - Palm oil prices in Malaysia, the global benchmark, declined for a fifth day following losses in vegetable oils in Chicago and China, and as weakness in equity markets triggered selling of commodities.