Archived News

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.

20/02/2008 (Commodity Online), New Delhi - The vegetable oil scene in the country is unlikely to improve with the industry predicting that India’s vegetable oil imports are bound to go up this year by around 7 per cent.

20/02/2008 (My Iris) - The India`s vegetable oil imports in 2007-08 (October-September) are likely to increase by 7.2% at around 5.9 million tons, against 5.5 million tons last year, due to lower carry forward stock of oilseed and rising oil consumption, reports Business Standard.

20/02/2008 (The New Nation, Bangladesh) - Uptrend in the price of consumable items including edible oil and salt has made consumers to pay more. The import price of edible oil as well as salt has again increased in recent months. The production of edible oil and salt in the processing units, run by local businessmen, are import-dependent. It is reported that import and processing of edible oil has turned more expensive. Businessmen are paying higher prices for the imported products from the countries of origin. The owners of processing units are paying higher import price plus the Value Added Tax (VAT).

21/02/2008 (The Post, Pakistan), Lahore - The prices of cooking oil and ghee showed an upward trend owing to its high demand increasing from Rs 10 to Rs 15 per kilogram during the last one month in the whole sale markets, The Post learnt on Wednesday.

20/02/2008 (The Star Online), Petaling Jaya - Crude palm oil (CPO) inventory hit a record last month while the commodity's futures contract climbed to a fresh peak of RM3,625 per tonne yesterday.

19/02/2008 (Asia Sentinel) - The US decision to divert food crops for motor-fuel is proving a costly mistake – especially for Asia.

19/02/2008 (The News - International, Pakistan), Kuala Lumpur - Malaysian crude palm oil futures jumped 3.4 per cent on Monday to hit another high as ruined oilseed crops in China fuelled massive buying in the global vegetable oil markets, traders said.

19/02/2008 (Commodity Online), Mumbai - Palm oil futures in Malaysia soared to a record amid speculation demand for the vegetable oil may increase after severe snowstorms damaged China's rapeseed crop.