Archived News

24/02/2008 (Daily Times, Pakistan), Karachi - There is respite for the ghee and cooking oil consumers as the manufacturers and importers of these commodities have decided to make yet another increase in their prices, which is most likely to be implemented in the next few days.

25/02/2008 (Bloomberg) - Palm oil, the world's most-used cooking oil, is also the cheapest, a discrepancy that won't last long as demand rises across Asia's biggest countries.

25/02/2008 (Financial Times) - Palm oil jumped by nearly 6 per cent on Monday to set a fresh lifetime high on the Bursa Malaysia derivatives exchange, boosted by strong demand from China and India.

25/02/2008 (Reuters) - "It certainly looks like supply will not be able to overwhelm demand," Mistry told Reuters in an interview ahead of a three-day global palm oil conference organized by Bursa Malaysia.

26/02/2008 (Business Standard) - Godrej Industries, part of business conglomerate Godrej Group, has set up a joint venture with Malaysian firm IJM Plantations to develop palm estates and palm oil mills in India.

26/02/2008 (DNA India), Mumbai - Godrej Industries, in an effort to push its oil palm plantation business, has formed a joint venture with a Malaysian planter, IJM Plantations.

25/02/2008 (The Hindu Business Line) - The Future Group is all set to make a foray into rural retailing by riding on the Aadhaar outlets belonging to Godrej Agrovet. The group intends to pick up a majority stake in a separate joint venture company to be floated by itself and Godrej Agrovet, to enter into yet another retailing format.

26/02/2008 (The News - International, India), Kuala Lumpur - India will be in the market to import up to 400,000 tonnes of palm oil and about 50,000 tonnes of soyoil in the next three months, as importers rush to take advantage of a deepening discount for palm versus soy oil, a leading industry official said on Monday.

26/02/2008 (The New Nation, Bangladesh) - After a three and half hour long meeting with the importers and wholesalers the government Monday fixed a high price for edible oil further increasing the burden on the common people.

26/02/2008 (Independent Bangladesh) - The caretaker government fixed the price of edible oil Monday after a discussion with dealers.

25/02/2008 (Sify.com) Hyderabad - After gold, it is the turn of edible oils to get affected by international factors. Consumers, who have witnessed huge increase in the prices of the yellow metal in the last few weeks, are in for yet another shock.

23/02/2008 (The Hindu Business Line, India), New Delhi - A reduction in the import on sunflower oil is quite likely in the coming Union Budget, according to industry sources.