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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Edible oil prices shoot up by 20-50%
25/02/2008 (Sify.com) Hyderabad - After gold, it is the turn of edible oils to get affected by international factors. Consumers, who have witnessed huge increase in the prices of the yellow metal in the last few weeks, are in for yet another shock.
Customs duty on sunflower oil may be cut
23/02/2008 (The Hindu Business Line, India), New Delhi - A reduction in the import on sunflower oil is quite likely in the coming Union Budget, according to industry sources.
Amazon nuts help fuel first biofuel flight
24/02/2008 (elEconomista.es, Spain), London - Nuts picked from Amazon rainforests helped fuel the world's first commercial airline flight powered by renewable energy on Sunday.
Ghee and edible oil crisis is looming
25/02/2008 (The Post, Pakistan) - Ghee and cooking oil prices have once again increased this month which affected the purchasing power of consumers. Local manufacturers blame that prices of palm oil in the international market have gone up from $ 1,120 to $ 1,150 per tonne. The retail market price of a four kg of oil tin has increased from Rs 550 to Rs 625. Similarly, a 9.5 litre of cooking oil tin was being sold at Rs 1,140, is now available at Rs 1,250 per tin. The price of one kg pouch of ghee has also gone up from Rs 112 to Rs 124.
Row over crude palm oil duty
21/02/2008 (Financial Express, India), New Delhi - The tariff structure on vegetable oils has become a contentious issue between the two opposing sections of the industry. The producers of hydrogenated vegetable oil (vanaspati) want the duty on crude palm oil (CPO) to be reduced to 20%, while the manufacturers of refined vegetable oils want the duty to remain at the existing 46.35%, which they say is "already quite low."
Edible oil prices on the rise
22/02/2008 (The Economic Times), Mumbai - Strong movement in edible oil prices globally, mainly on the back of a good demand expected from Asian countries and demand from the stockists and oil millers locally, have combined to lead to a surge in the prices of edible oil complex in the local markets and on the futures exchanges.
Sabah places high priority on development of oil palm industry
21/02/2008 (Borneo Bulletin), Kota Kinabalu - Sabah Chief Minister Datuk Musa Aman said the development of the oil palm industry in Sabah will continue to be given priority by the State government. Based on the projection of the agriculture land estimated at 2.2million hectares, about 1.8 million had been identified suitable for oil palm plantations.
Marks & Spencer signs up with GreenPalm
21/02/2008 (The Edge Daily), Kuala Lumpur - Marks & Spencer has signed up with GreenPalm’s trading scheme to promote eco-friendly oil production as part of its plan to help the environment, ahead of a major conference here on palm oil.
Packaged edible oils to capture 50% market’
22/02/2008 (Financial Express, India), New Delhi - With growing quality consciousness and plummeting price differences between packaged and non-packaged edible oils, the packaged edible oil sector will capture 50% of the market share within three years. The packaged edible oil consumption is only about 20% of the total 12.5 million tonne domestic consumption.
