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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 prices dampen Ramazan demand
7/8/07 (The News) KUALA LUMPUR: Asia's vegetable oil demand for the festival season has been dampened by surging prices and a seasonal upswing in production from Southeast Asia could result in swelling stockpiles.
Guang Eng's Claims On Palm Oil Cess Unfounded, Says Chin
6/8/07 MIRI, (Bernama) -- Plantation Industry and Commodities Minister Datuk Peter Chin Fah Kui today dismissed an allegation by DAP secretary-general Lim Guan Eng that the government was having an extra RM1.4 billion collected from oil palm planters as cess under the Cooking Oil Stabilisation Scheme (COSS).
Indonesia sees slower palm oil expansion from 2010
5/8/07 (Daily Times, Pakistan) - MEDAN, Indonesia: Indonesia expects palm oil output to grow sharply in the next two years but stricter forest protection may then slow expansion, a senior industry official said.
Tenaga lifts purchase price of electricity from biomass waste
7/8/07 (Business Times) - TO encourage the private sector to generate energy from biomass resources, Tenaga Nasional Bhd (TNB) has increased the purchase price of electricity produced from palm oil biomass waste to 21 sen per kilowatt hour fromincreasing price, better REPPA and more money from CDM, renewable energy will become a viable project," he said.
Imports of sensitive items up 11.6% in Apr-Jun
7/8/07 (The Econimic Times) - NEW DELHI: India's import of sensitive items went up by 11.6 per cent in the first quarter to Rs 4,877 crore from Rs 4,371 crore in the same period last year, led by a sharp rise in the import of edible oils.
Importers slip on palm oil duty mix-up
26/7/907 DELHI: The government on Wednesday clarified the actual duty cut on crude palm oil was 5% and not 10% as notified on Tuesday. The bureaucratic error threw the domestic vegetable oil market into turmoil. The market, which fell sharply on Tuesday, rose again on Wednesday after it was confirmed the duty on crude palm oil was finally 45% and not 40%.
Synergy Drive to be world's largest player
6/8/07 (The Star) - SYNERGY Drive Sdn Bhd is poised to be the most liquid stock with the largest market capitalisation on Bursa Malaysia, given its status as the world's largest oil palm plantation group and potentially, Malaysia's largest property developer.
Industry, Consumers Clash Over Chocolate
7/8/07 (AP) - Like many battles, this one's being fought block by block. Victory, for whoever prevails, will be sweet. Or bitter or even bittersweet.
High CPO prices not affecting palm oil exports
19/7/07 (The Edge Daily) - The current bullish trend of crude palm oil (CPO) prices would not have a severe impact on Malaysia's palm oil exports, but may lead buyers to switch to other oils that are less expensive.
