Archived News

09/02/2008 (The Bangkok Post) - Policies to cut state subsidies for cooking gas could be reviewed to help contain costs for consumers, suggests new Energy Minister Poonpirom Liptapanlop.

10/02/2008 (NST Online) - The search for sources of renewable energy has intensified as the world’s energy demand increases and fossil fuel reserves begin to dry up. Malaysia, which has been researching on palm biodiesel for the last 20 years, is now exporting it to major consumers like Europe, the United States and Japan. Soon, it is likely to follow in the footsteps of neighbouring countries in introducing biodiesel use at home, writes CHAI MEI LENG.

11/02/2008 (The Bangkok Post) - To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage.

05/02/2008 (Bloomberg) - Palm oil surged to a record on speculation supplies for food and alternative fuel will be limited after Indonesia, the world's biggest producer, announced it would raise export taxes if prices climb further.

05/02/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may cut import duties on cooking fat or increase purchases on global markets, bolstering prices.

07/02/2008 (The Dawn, Pakistan) - While the flour crisis has eased, the government is fearing a rise in prices of cooking oil and ghee, prompting President Pervez Musharraf to ask the Federal Food Committee (FFC) to take immediate steps to keep the prices of edible oil, sugar and pulses under control.

09/02/2008 (The Daily Times, Pakistan), Karachi - The sale of ghee and cooking oil has declined considerably in the wake of an unabated cycle of upward revision in prices by their manufacturers, which squeezed the purchasing power of consumers.

07/02/2008 (LiveMint.com), Dubai - No sooner did Indonesia signal higher export taxes on palm oil than India said it may cut import duty. The moves by the two governments highlight the struggle to contain living costs for their 1.3 billion people.

29/01/2008 (The Bangkok Post) - Bowing to complaints from refiners about rising raw material prices, the Internal Trade Department yesterday approved an increase in cooking palm oil prices by four baht per litre. Yanyong Phuangrach, the department's director-general, said the price would be raised from 43.50 baht per one-litre bottle to 47.50 baht to reflect rising costs of processors.

28/01/2008 (AllAfrica.com) - The Menoua Divisional Delegate of Commerce and Industries recently cracked down on palm oil dealers in Dschang.

28/01/2008 (The Hindu Business Line), New Delhi - Prices of palmolien oil declined by Rs 50 in the wholesale oil and oilseed market on Monday on stockists selling. However, prices of other edible oils moved in a tight range on small bouts of trade and settled at previous levels. Palmolien r bd moved down by Rs 50 to settle at Rs 5,800 a quintal on reduced offtake.

28/01/2008 (Commodity Online) - On Monday, global edible oil complex were pressurized by weak export data from Malaysia. Weakness in crude oil prices also dampened the market sentiments, as the oil prices play a part in directing the edible oil prices as it is also used as a raw material for biofuels.