Archived News

7/1/07 (NewKarala.com) Mumbai - Solvent Extractors Association of India (SEAI) has asked the government to maintain a status quo on the vegetable oil duty structure to ensure better profitability to farmers.

4/1/07 LONDON (AFP) - World oil prices have climbed slightly, trading above 58 dollars before publication of official data on the level of US energy stockpiles and after plunging to six-week lows a day earlier.

6/1/07 (Bloomberg) -- Pioneer Bio Industries Corp., a Malaysian biotechnology company, will spend 1.4 billion ringgit ($400 million) to build an ethanol plant in northern Perak state that will extract the fuel from the nipah palm tree.

2/1/07 New Delhi, (Newkarala.com) - The government has cut the import duty on crude and refined edible oil from the six neighbouring countries in South Asia.

30/12/06 (The Jakarta Post) - The fourth Round Table on Sustainable Palm Oil (RSPO) session, which was held recently in Singapore, clearly shows that while the demand for crude palm oil, including for bio-diesel fuel, will continue to increase in coming years, it is just a matter of time for CPO producers to face more demanding consumers. Of course they want cheaper price but better quality.

21/12/06 (The Jakarta Post) - A consortium of five state-owned and regional banks has committed itself to providing a total of Rp 25.56 trillion (US$2.8 billion) in loans for the development of plantations across the country, including those producing biofuel feedstock.

3/1/07 (BBC News) - Many palm oil plantations are grown on areas of cleared rainforest.

NEW DELHI, Jan 3 (Bernama) -- The base import prices of palm oil and soya oil have been left unchanged by the Indian government to fight inflation, a Finance Ministry official has been quoted as saying.

4/1/2007 KUALA LUMPUR, (AFP): Malaysia will ride a commodities boom in the year ahead, with soaring prices for palm oil, rubber, tin and timber providing a boost to the economy, analysts say.

2/1/07 NEW DELHI (Reuters) - India, one of the world's top importers of edible oils, has cut import duties on refined oils from Pakistan and Sri Lanka to 52.5 percent from 68.75 percent earlier.

29/12/06 (Busienss Times) - PALM oil futures surged to their highest since January 1999 as heavy rains in Indonesia and Malaysia, the two largest producers, may further curb output at a time of year when production naturally dips.

29/12/06 (The Economic Times) - NEW DELHI: India's hopes of signing a free trade agreement (FTA) with the Asean countries during the Asean Summit next month may not come true.