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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
Malaysian palm oil earnings to hit new record in 2007: report
18/10/2007 (AFP), Kuala Lumpur - The value of Malaysia's palm oil exports is expected to reach a record of 40 billion ringgit (11.84 billion dollars) this year as prices soar, a report said Wednesday.
Indonesia may miss 17 mln tonne palm oil target
19/10/2007 (Antara News), Jakarta - Dry weather means Indonesia may miss its target of producing 17 million tonnes of palm oil this year, but it is still on track to overtake Malaysia as the world's top producer, the trade minister said on Friday.
Lower landed cost may favour crude palm oil import
15/10/2007 (The Hindu Business Line), Chennai - With the landed price of crude palm oil being cheaper than de-gummed (crude) soyabean oil by at least $130 (Rs 5,000), importers are likely to be encouraged to import more of the former.
Import of palm group of oils through Kochi banned
18/10/2007 (Sify), Chennai - The Centre on Wednesday banned import of palm group of oils through Kochi port in what is seen as an effort to help slumping coconut oil prices to recover.
Neste Oil outlines policy on palm oil as biofuel feedstock
18/10/2007 (Biofuel Review) - In a statement released this week the Finnish oil major Neste said that the only way to use palm oil for biofuel production was by setting the highest standards for sustainability and by meeting stringent requirements for auditing and certification. The company was clear that it was committed to backing sensible use of palm oil, pointing out that it was the first oil company to join the Roundtable on Sustainable Palm Oil (RSPO) and is fully committed to sustainable sourcing of feedstocks for the production of the NExBTL renewable diesel.
Higher palm olein prices raise import costs by 5 percent
17/10/2007 (Daily Times), KARACHI - The cost of imports of palm olien increased around 5 percent as the international prices of palm oil surged $45 per tonne to $890 per tonne, after a new all time high world’s record a day earlier, importers and millers said on Wednesday.
Palm oil export revenue may touch RM40b this year
October 17 2007 (Business Times) - Malaysia has revised upwards its 2007 forecast of the value of palm oil exports, in view of rising palm oil prices.
India\'s September edible oil imports up 23 pc: Trade body
15/10/2007 (The Economic Times), New Delhi - India\'s edible oil imports in September jumped 22.9 per cent from a year earlier due to festival demand and a poor crop, a trade body said on Monday.
Boeing will Use Bio-Fuel
20/10/2007 (Energy Bangla) - Boeing Europe, Russia and Middle Asia Commercial Planes Sales vice president Marlin Dailey expressed that they were environmental conscious and have been studying on green fuel using and realizing tests for a while. According to the plan, within five to 10 years, Boeing and Airbus jetliners could be flying the friendly green skies with a blend of fuel made from plants rather than petroleum.
