Archived News

NEW DELHI, FEB. 5. The Centre has liberalised certain specificationsprescribed hitherto on crude palm oil and palmolein imported at aconcessional duty of 65 per cent by actual users. The revised norms havebeen notified and came into effect yesterday, an official statement saidhere on Saturday.

2/7/05 Oilmandi - Indonesia expects to increase its crude palm oilexports to India following the latter's decision to relax its strictimport rules, reports Kompas newspaper.

Monday February 7, 2005 - THE issue of rising palm oil stocks, resultingin the current downward spiral in crude palm oil (CPO) prices, must not be"overplayed", as the commodity is fundamentally supported by encouragingglobal supply and demand factors.

2/7/2005 NewsRxDiabetes - The metabolic and antioxidant effects ofvitamin E are superior to those of diltiazem in diabetic rats.

3//2/05 BUENOS AIRES (Dow Jones)--Argentina exported 2.13 million metrictons of soyoil in 2004, according to the latest data from the country'sanimal- and food-health agency, Senasa.

3/2/05 SAO PAULO (Dow Jones)--Brazilian soybean production will total 63.3million metric tons in the 2004-05 season (October-September), up 28% onthe previous season, said the local Agroconsult agricultural consultancy.

2/2/05 Oilmandi INDIA - "Import of oilseeds is better than having toimport the finished product."

Tuesday, February 01, 2005 - JAMBI - Jambi city has been blanketed by hazefor the past several days as a result of fires that have burned hundredsof hectares of palm oil plantations in Muarojambi regency.

KUALA LUMPUR, Feb 3 (Bernama) -- Malaysia will have to move toproductivity driven based economy underpinned by greater emphasis onresearch and development in view of the slowing exports growth this year,said leading economists.

3/2/05Lack Of Ships Hinder Indonesia's CPO Exports(Dow Jones)--Lack of ships slowing Indonesia CPO exports, creating excesssupply at local market and driving CPO prices down, says PT PerkebunanNusantara official. "Exporters can't ship their CPO because many ships arebeing used to transport crude oil," said Syariful Ramli Lubis, PTPN'sauction official. Benchmark CPO price at PTPN's auction IDR3,219/kg vsIDR3,232/kg Feb. 1. PTPN only sold 2,000 tons of CPO out of 3,500 tonsoffered at the auction due to poor demand.

Feb 02 3:42 PM - PAPUA New Guinea's New Britain Palm Oil Limited has been given the green light to rehabilitate the palm oil industry in the Solomon Islands.

2/2/2005 Agra Europe - India's summer oilseeds crop is expected to bounceback and match a year earlier's output, after erratic rains caused adecline in the winter harvest, traders said on Monday.