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Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Edible oil & oilseed prices firm up on festival demand
25/10/2007 (The Economic Times), Mumbai - Edible oilseed and oil prices are ruling firm in spot and futures market due to festive demand and demand from millers in addition to firmness in the international market. Meanwhile, high petroleum prices has scaled up freights rates that may decrease edible oil imports so that there is a overall bullish sentiment driving up the price.
‘Eating palm oil lowers cholesterol in healthy people’
25/10/2007 (Nigerian Tribune) - The palm oil and the blood cholesterol controversy may have been put to rest with scientists from Brazil declaring that a diet rich in crude palm oil may reduce LDL (bad) cholesterol and triacylglycerol in healthy, young individuals.
Cooking oil rates to stay high
10/25/2007 (The International News), Lahore - The prices of edible oils in international market have reached 30-year high with palm oil touching $915-$920 and soybean $955-$960 per tonne there is no chance of locally processed cooking oil and ghee rates coming down, industry representatives said Wednesday.
Uzbekistan: shortage of cooking oil in Tashkent stores is reported
24/10/2007 (Ferghana.ru) - Cooking oil, both vegetable and cotton, has essentially disappeared from Tashkent stores. The stores that used to sell numerous brands (local and imported from Russia, Ukraine, Kazakhstan, and Iran) are empty nowadays.
Does palm oil alleviate rural poverty in Malaysia?
23/10/2007 (Mongabay) - While it is often argued that the economic benefits of oil palm plantations outweigh the environmental costs of converting biodiverse ecosystems to monocultures, new analysis suggests that the role of plantations in reducing rural poverty may be overstated.
Africa: Food to Eat Or to Run Your Car?
23/10/2007 (All African.com) - As oil prices soar and biofuel production becomes more attractive, especially to poor countries, a debate is raging over its possible impact on food security.
High palm, soy prices to limit November imports
23/10/2007 (Daily Times Pakistan), New Delhi - Sharply higher global prices of palm and soy oil will limit edible oil imports next month by private trade in India, the world’s leading buyer, despite lower oil stocks at the ports, traders said on Tuesday.
Govt may aid edible oil imports
24/10/2007 (Business Standard) - India, the world’s second-biggest vegetable oil buyer, may ask state trading firms to import more edible oils, rather than cut tariffs to boost local supplies, said Dorab Mistry, director at Godrej International.
Global palm oil market to hot up with Nafed move
23/10/2007 (Commodity Online), Mumbai - Change is in the air for the National Agricultural Cooperative Marketing Federation of India Ltd’s (Nafed) ways of buying crude palm oil from the global market.
