Archived News

02/11/2007(The Hindu Business Line), Mumbai - Some disturbing trends are coming to the fore as far as the vegetable oil sector is concerned. Imports have been under open general licence for about 12 years now. From time to time, the Government uses the customs tariff mechanism to regulate imports.

01/11/2007 (FORBES), Jakarta - Indonesia's exports declined 0.9 percent to 9.52 billion dollars in September from the previous month as higher tax on crude palm oil (CPO) reduced shipments, a government official said Thursday.

31/10/2007 (The Hindu), New Delhi - Edible oils strengthened further on the wholesale oils and oilseeds market on Wednesday on pick up in festive demand and closed with gains.

01/11/2007 (WebWire), Stockholm — Greenpeace welcomes the decision by Swedish petrol giant OKQ8 to abandon plans to use palm oil in their new biodiesel Eco20. The announcement comes after prolonged campaigning by Greenpeace and other environmental groups against palm oil production, which destroys native rainforest, often by burning, to make way for massive palm plantations.

01/11/2007 (Domain-b.com), Mumbai - The government's decision to stop the import of palm oil at the southern port of Kochi has helped stabilise coconut prices and bring the two oils to price parity.

01/11/2007 (AllAfrican.com) - Tanzania is paying dearly for heavily relying on imports."We really import all the fuel used in the country," Confederation of Tanzania Industries (CTI) policy and research director Hussein Kamote told The Citizen by phone yesterday.

31/10/2007 (Mongabay.com) - The Dutch government will exclude palm oil from "green energy" subsidies as growing evidence suggests that palm oil is often less sustainable than advertised.

31/10/2007 (Reuters), New Delhi - The government’s decision to stop the import of palmoil at a southern port following lobbying by the rival coconut trade has helped stabilise coconut prices and bring the two oils to price parity.

01/11/2007 (Biofuels Review) - EU plans to increase the use of biofuels could spell disaster for some of the world's poorest people warns international agency, Oxfam in a briefing published today (1st November).

01/11/2007 (The Register) - European targets for use of biofuels will make life worse for some of the poorest people on the planet, according to a report from charity Oxfam.

01/11/2007 (Tehran Times) - Indonesia is seeking a return to its exports heyday of the early 1990s, spearheaded by a glittering trade fair in Jakarta recently, but analysts warn that growth so far is bypassing its workers.

31/10/2007 (The Star Online), Shah Alam - Southern Acids (M) Bhd registered better earnings in its core operating divisions for the financial year ended Apr 30, group managing director Datuk Low Mong Hua said.