Archived News

24/4/07 (Bloomberg) -- India, the world's second-biggest vegetable oil buyer after China, may cut imports next year because monsoon rains are forecast to be sufficient to boost the domestic oilseed harvest.

24/4/07 (Bloomberg) -- Palm oil futures in Malaysia, the world's largest producer of the commodity, gained on speculation that stockpiles will drop on rising demand from China and Europe.

24/4/07 (The Jakarta Post, Jakarta) - The government is considering offering financial incentives so as to encourage gas stations to stock biofuel blends, says an official.

19/4/07 (Business Times) - MALAYSIA'S crude palm oil (CPO) prices have soared to record levels, but, ironically, may also hurt another equally lucrative and rejuvenated sector - palm oil-based biodiesel.

18/4/07 (The Economic Times) - NEW DELHI: The reason behind the sharp decline in import duties on edible oil in the last few months may go beyond the government's attempt towards controlling inflation.

DUBAI, April 18 (Bernama) -- In efforts to better generate greater global recognition of the nutritional benefits of palm oil, Malaysia will hold the first Malaysia-Egypt Palm Oil Trade Fair and Seminar in Cairo on April 23-24.

17/4/07 (People Daily Online) - Malaysia is supplying oil palm seedlings to Pakistan to establish a 40,000-hectare oil palm plantation in the province of Sindh, local press reported Tuesday.

19/4/07 (India eNews.com) - A Rajya Sabha MP from Kerala has sought Prime Minister Manmohan Singh's intervention in withdrawing the government's decision to reduce import duty on palm oil as the move would harm the interests of coconut farmers in the state.

18/4/07 (The Star) - Chief Minister Tan Sri Abdul Taib Mahmud said the state, which has 1.7 million hectares of peat soil land - or 63% of the country's 2.7 million hectares - had planted oil palm trees on some 500,000ha of deep peat soil.

19/4/07 (The Economic Times) - NEW DELHI: As India and Asean are about to enter the 16th and probably the last round of negotiations on the proposed free trade agreement (FTA), an integral element of the envisaged comprehensive economic co-operation agreement between them, Asean is again acting tough.

17/4/07 (The Financial Times) - Palm oil futures rose to the highest in more than eight years on concern that supply may lag behind demand following estimates of higher-than-expected exports from Malaysia, the world's largest producer of the commodity.

17/4/07 HAMBURG (Reuters) - China and India are set to sharply raise their vegetable oil imports and signs are Argentine soyoil is benefiting, Hamburg-based oilseeds analysts Oil World said.