Archived News

24/02/2008 (elEconomista.es, Spain), London - Nuts picked from Amazon rainforests helped fuel the world's first commercial airline flight powered by renewable energy on Sunday.

25/02/2008 (The Post, Pakistan) - Ghee and cooking oil prices have once again increased this month which affected the purchasing power of consumers. Local manufacturers blame that prices of palm oil in the international market have gone up from $ 1,120 to $ 1,150 per tonne. The retail market price of a four kg of oil tin has increased from Rs 550 to Rs 625. Similarly, a 9.5 litre of cooking oil tin was being sold at Rs 1,140, is now available at Rs 1,250 per tin. The price of one kg pouch of ghee has also gone up from Rs 112 to Rs 124.

21/02/2008 (Financial Express, India), New Delhi - The tariff structure on vegetable oils has become a contentious issue between the two opposing sections of the industry. The producers of hydrogenated vegetable oil (vanaspati) want the duty on crude palm oil (CPO) to be reduced to 20%, while the manufacturers of refined vegetable oils want the duty to remain at the existing 46.35%, which they say is "already quite low."

22/02/2008 (The Economic Times), Mumbai - Strong movement in edible oil prices globally, mainly on the back of a good demand expected from Asian countries and demand from the stockists and oil millers locally, have combined to lead to a surge in the prices of edible oil complex in the local markets and on the futures exchanges.

21/02/2008 (Borneo Bulletin), Kota Kinabalu - Sabah Chief Minister Datuk Musa Aman said the development of the oil palm industry in Sabah will continue to be given priority by the State government. Based on the projection of the agriculture land estimated at 2.2million hectares, about 1.8 million had been identified suitable for oil palm plantations.

21/02/2008 (The Edge Daily), Kuala Lumpur - Marks & Spencer has signed up with GreenPalm’s trading scheme to promote eco-friendly oil production as part of its plan to help the environment, ahead of a major conference here on palm oil.

22/02/2008 (Financial Express, India), New Delhi - With growing quality consciousness and plummeting price differences between packaged and non-packaged edible oils, the packaged edible oil sector will capture 50% of the market share within three years. The packaged edible oil consumption is only about 20% of the total 12.5 million tonne domestic consumption.

21/02/2008 (Sify.com), Mumbai - The Centre’s move to remove the mandatory use of indigenous oils such as mustard oil in the manufacture of vanaspati is unlikely to bring any substantial relief to the beleaguered industry.

21/02/2008 (Scoop Independent News) - The new Prime Minister of Australia, Kevin Rudd offered the nation's first apology to Aborigines taken from their families for assimilation with the white community, saying the policy was a “blemished chapter” in the nation's history.

20/02/2008 (The Daily Express, East Malaysia), Kota Kinabalu - Chief Minister Datuk Seri Musa Haji Aman said development of the oil palm industry in Sabah will continue to be given priority by the State Government.

20/02/2008 (The Hindu Business Line), New Delhi - With domestic cooking oil prices on the boil, the Centre has decided to waive the condition requiring the use of a minimum 12 per cent of indigenous oils in the manufacture of vanaspati.

21/02/2008 (The News - International, Pakistan) - Rising prices of cooking oil and ghee poses one of the biggest challenges to whoever forms government following the 2008 general elections.