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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
PODB to import 0.9 million palm seedlings from Malaysia
18/03/2008 (Associated Press of Pakistan), Islamabad - To reduce the growing import bill of edible oil on national economy, Pakistan Oilseed Development Board (PODB) under its Oilpalm Development Project has decided to import 0.9 million palm seedlings from Malaysia. “These seedlings will be grown in the coastal areas of Sindh and Balochistan,†official sources told APP.
Centre revises tariff value of brass scrap, poppy seeds
18/03/2008 (My Iris) - Central Board of Excise and Customs (CBEC), Department of Revenue, notified tariff values of edible oils, brass scrap (all grades) and Poppy seeds in its circular on Monday (Mar.17, 2008).
Tradewinds will feel pinch of cess tax
18/03/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd may be riding on high crude palm oil (CPO) prices but the company would still feel the pain of paying Supply and Cooking Oil Stabilisation cess tax, chief executive officer Chan Seng Fatt said.
Edible oil imports jump 40%
17/03/2008 (The Financial Express), Mumbai - Despite the sharp price rise in crude palm oil (CPO) and crude soya oil (CSO) globally in the past four months, flow of edible oils imports into the country has not been impacted during the current season 2007-08 thanks to demand-supply gap.
Strong palm and rapeseed oil may raise food costs
17/03/2008 (Guardian Unlimited, UK), Amsterdam - Vegetable oil markets have enough support to remain firm this year with rapeseed and palm oil likely to outperform, which could put pressure on the food industry to increase prices further, analysts say.
Demand For Palm Oil Increases
17/03/2008 (Morden Ghana) - Consumers all over the world will be feeling the pinch of high food prices in 2008, with cooking oil now joining corn, wheat, and milk on the growing list of food inflation culprits.
India\'s Feb edible oil imports rise to 430,992 tonnes
17/03/2008 (Forbes), Mumbai - India's edible oil imports for the month of February rose to 430,992 tonnes from 150,927 tonnes last year even though prices were highly volatile.
National biofuel strategy in the pipeline
17/03/2008 (The Bangkok Post) - The Energy Ministry will draft a new national biofuel plan with a significant focus on alternative energy sources as oil prices are expected to continue to increase.
Palm Oil pirce rises in Malaysia
14/03/2008 (Commodity Online) - Palm oil futures in Malaysia, the global benchmark, climbed on speculation recent declines may encourage buying, including from China to make up for damage to its winter rapeseed crop.
