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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO Futures Snap Two-Day Gains To Close Lower
PVMA seeks rationalisation of customs duty, taxes on edible oil
27/05/2008 (Daily Times, Pakistan), Islamabad - Pakistan Vanaspati Manufacturer’s Association (PVMA) Monday demanded the government to rationalise the customs duty and other taxes on imported edible oil in the annual budget 2008-09 in accordance with the increase/decrease in their prices in international market.
Palm oil producers declare forests off limits
27/05/2008 (Carbon News) - Responding to growing international concern over the lack of sustainability in crop-based production of biofuels, Indonesian palm oil producers have said they will not clear land for their crops in future.
Ministry Expects To Improve Palm Oil Exports To India
26/05/2008 (Bernama), Kuala Lumpur - The Plantation Industries and Commodities Ministry expects the country's palm oil exports to India to improve if the Indian government reduces its import duties on refined palm oil.
Ugwu threatens to lift ban on palm oil importation
25/05/2008 (Business Day Online) - The Minister of Commerce and Industry, Charles Ugwu has threatened to lift ban on the importation of palm oil if the stakeholders fail to meet local consumption.
Edible oil demand to rise to 156 lakh tonne by 2010
25/05/2008 (The Financial Express), Mumbai - The total demand for edible oils is expected to increase from the current level of 130 lakh tonne to 156 lakh tonne in 2010 and further to 208 lakh tonne by 2015, BV Mehta, executive director of the Solvent Extractors' Association (SEA) said.
Edible oil imports seen going up 38%
22/05/2008 (LiveMint.com), Singapore - India’s edible oil imports may climb 38% by 2010, straining supplies, as rising incomes among the nation’s middle-class consumers stoke demand for fried food.
Palm oil may reach 4,500 ringgit
24/05/2008 (The Financial Express) - Palm oil futures in Malaysia may extend record gains this year as production slows and demand increases both for cooking and alternative fuel, said Dorab Mistry, director at Godrej International Ltd.
Why palm oil gains over soyoil in India?
24/05/2008(Commodity Online), Mumbai - India will continue to import palm oil in large quantities so long as there is a major price difference between palmoil and soyoil . The country is expected to import 5.8 mn tonnes of vegetable oil of which palm oil will constitute five million tonnes, more than eight percent of the total.
Indian company to invest US$250 million in Suriname palm oil project
23/05/2008 (Caribbean Net News) Paramaribo, Suriname - A large business group from India, Food, Fats and Fertilizers Ltd. (FFF), said it will invest up to US$250 million to develop a palm oil project in Suriname. FFF-officials have signed a Memorandum of Understanding (MoU) with the Surinamese government to establish a palm oil factory.
