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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
Palm oil ends lower after MPOB’s data release
India-Asean FTA hinges on Indonesia, market access
21/03/2008 (The Economic Times), New Delhi - The India-Asean free trade agreement (FTA) seems to have come within clinching distance, though the month-end deadline for concluding the negotiations will not be met. In the recent high-level officials meeting in Cambodia, the Indian side managed to make the Asean members happy with their side of offers. The Asean countries, especially Indonesia, however, have to come up with some more concessions to seal the deal.
Government to slash edible oil import duty as inflation nears 6 per cent news
20/03/2008 (Domain-b), Mumbai - The government has decided to slash import duties on edible oils, as it seeks to moderate inflation, which rose to an 11-month high of 5.92 per cent for the week ended March 8.
IOI buying into Sarawak firms
19/03/2008 (The Star Online), Kuala Lumpur - IOI Corp Bhd has proposed to acquire major stakes in several plantation companies in Sarawak that own a combined 44,350ha in the state for RM439.85mil.
IOI buying Sarawak oil palm estates for RM439m
18/03/2008 (The Star Online), Petaling Jaya - IOI Corporation Bhd is expanding its oil palm plantations in Sarawak by proposing to acquire a major stake in several companies for RM439.85mil.
Kerala HC declines to stay ban on palm oil import
18/03/2008 (Indlaw News) - The Kerala HighCourt has declined to stay a single judge order ratifying the ban on import of palm oil through ports in the state.
Ban on edible oils export
18/03/2008 (The Hindu Business Line) - The Centre has banned exports of all edible oils from the country as a measure to curb their rising prices and check inflation. In a notification issued late on Monday, the Directorate-General of Foreign Trade, an arm of the Commerce Ministry, said the ban, with immediate effect, would be applicable for one year.
India Bans Exports of Edible Oils to Boost Supplies
18/03/2008 (Bloomberg) - India, the world's second-biggest buyer of vegetable oils, banned exports of all edible oils to boost local supplies amid concern a smaller winter oilseed crop may worsen a shortage.
Govt bans export of edible oil for one year
18/03/2008 (Business Standard) - The government has banned export of edible oil for one year to check rising domestic prices and control inflation. The ban will be in place till March 16, 2009.
Prices of local ghee, oil brands reduce
19/03/2008 (The News-International, Pakistan) - PRICES of edible oil and ghee further declined in the wholesale market Tuesday, following a decrease in international palm oil rates, while the retailers have also lowered prices - for the first time after a sharp increase was registered previously.
