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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
CPO futures end mostly higher on soybean oil gains
Indonesian palm oil producers ready to use biodiesel
22/10/2008 (ANTARA News), Pekanbaru - Most Indonesian palm oil producers are ready to use biodiesel fuel to increase the use of crude palm oil while the price of the commodity in the world market has dropped.
Kerala HC ratifies import ban on palm oil through Kerala ports
22/10/2008 (indlawnews.com) - Kerala High Court ratified the Centre’s decision to ban import of palm oil through ports in the state.
Kerala HC supports govt. decision to ban palm oil import
22/10/2008 (IRIS) - A division bench of the Kerala high court has supported the Union Government`s order banning the import of palm oil through the ports in Kerala.
HC upholds ban on palm oil import
22/10/2008 (Express Buzz) - A Single Judge had upheld the ban saying that it was a matter of policy of the Central Government and therefore it was beyond the pale of judicial review.
MPOB Refutes Planters\' Claims
21/10/2008 (iStockAnalyst) - THE Malaysian Palm Oil Board (MPOB) uses only 60 per cent of the cess collected from oil palm planters for its research and development (R&D) enforcement and licensing activities.
Cabinet Committee meeting on oil palm sector postponed
22/10/2008 (The Star Online), Petaling Jaya - A meeting of the Cabinet Committee on Palm Oil Competitiveness, scheduled for yesterday, has been put off till end of the month.
FTA with India still a long way, says Indonesia envoy
22/10/2008 (The Financial Express) - India’s negative list of trade items is growing every year, according to Indonesia. Asked if Indonesia is not seeking undue concessions, an Indonesian official said talks on a free trade agreement (FTA) with India were stuck on five items—crude palm oil, refined palm oil, tea, coffee, and peppers.
Competitive advantage of palm oil
21/10/2008 (Commodity Online) - The best thing to happen to the Palm oil industry in recent years was the establishment of the Round Table on Sustainable Palm Oil. This is the most clear cut signal to the world that Palm oil and Sustainability and Green Issues can co-exist to mutual benefit. It would be a step in the right direction if more Chinese entities joined the RSPO and participated in its deliberations. My company GODREJ was the first Indian company to join the RSPO and we have been followed by a host of others. The major markets for Palm – China, India and the developing world need to participate more energetically in the RSPO so that the Round Table becomes a win-win proposition for all stake holders.
Govt may remove CPO windfall tax
21/10/2008 (The Star Online), Kuching - The Government may remove the crude palm oil (CPO) windfall tax, given that CPO prices have fallen below the tax’s threshold level.
