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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
NAFED to import 24,000 T veg oils
10/06/2008 (Reuters, India), New Delhi - A leading Indian farm co-operative has contracted to import 24,000 tonnes of vegetable oils and plans to buy 120,000 tonnes by March to help improve domestic supplies, its managing director said on Tuesday.
Govt urged to provide loans to solvent plant owners
10/06/2008 (The Post, Pakistan), Multan - All Pakistan Solvent Extractors Association (APSEA) has appealed to federal government and the governor State Bank to issue instructions to all the banks and financial institutions for providing finances to solvent plant owners for the procurement of oil-bearing seeds like sun-flower.
Indonesia, India to finalize economic agreement in August
09/06/2008 (The Jakarta Post) - Representatives from Indonesia and India will meet in India in August to finalize a negotiation on an economic partnership agreement, an ambassador says.
Rush for cooking oil
07/06/2008 (The Star Online), Miri - Panic buying of cooking oil has started in northern Sarawak following talk that the price of this essential commodity may increase by up to 50% today.
Palm oil rises on biofuel demand, soyaoil prices
10/06/2008 (Commodity Online), Kuala Lumpur - Higher demand for biofuel caused by crude oil prices and rally in prices of soyaoil helped Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives Bhd on Monday.
Oil palm companies to pay windfall tax from July 1
05/06/2008 (The Star Online), Petaling Jaya - The Government will impose windfall tax on oil palm companies starting July 1.
Win-win tax formula
05/06/2008 (NST Online), Kuala Lumpur - Plantation companies may not grumble about being hit with a windfall tax because the government has also scrapped the cooking oil cess at the same time.
Govt to cut rebates on exports of edible oils
05/06/2008 (China Daily) - China is set to scrap the tax rebates on exports of vegetable oils from next Friday, which analysts said would help drive down domestic prices, although the effect would not be very "big".
Far East to double landbank
05/06/2008 (The Star Online), Kuantan - Far East Holdings Bhd plans to double its plantation land bank to 40,000ha from 20,000ha currently to take advantage of strong crude palm oil (CPO) prices.
