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Malaysia's total palm oil stocks surge 24.54% to 3.51mil tonnes in Sept
CPO Futures Close Lower On Weaker Soybean Oil Prices
Palm oil falls to 11-week low on weak exports, rising output
CPO Futures End Lower In Line With Weak Regional Vegetable Oil Markets
Import duty cuts to curb inflation, says Kamal Nath
31/03/2008 (Hindustan Times) - Stung by the persistent rise in prices, the government is considering duty cuts in essential commodities. Commerce and Industry Minister Kamal Nath said on Monday that fresh import duty cuts on a few items were in the offing. “We are looking at further cuts. There is an increase in international oil prices and it has to be met with import duty calibration, which we are considering,†Nath said.
India May Reduce Edible Oil Duty Further, Nath Says
31/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may further cut edible oil import duties to ensure local supplies and contain inflation.
India to look at duty cuts on food items
31/03/2008 (Business Spectator, Australia), New Delhi - Indian Trade Minister Kamal Nath said the government was looking to cut duties on food items to rein in rising prices.
Without biofuel crude prices could be $150-200
26/03/2008 (Commodity Online), Singapore - What would have been the crude oil price now with out the limited production of biodiesel. It would have reached $150-200 per barrel.
Shahrir: Cap on cooking oil price must remain
30/03/2008 (NST Online), Johor Baru - Consumers will suffer if the ceiling on the price of cooking oil is lifted to help oil palm producers.
Talks on redistribution of subsidies
30/03/2008 (The Star Online), Johor Baru - The Domestic Trade and Consumer Affairs Ministry will set up a meeting with the National Price Council to discuss the redistribution of subsidies.
\'Be firm with palm oil companies\'
27/03/2008 (The Star Online), Miri - Local council authorities in Sarawak have been directed to be very firm and uncompromising when collecting levies from oil-palm plantation companies.
Tariff changes won\'t cure agriculture inflation
28/03/2008 (Business Spectator, Australia) - Increasing market intervention by national governments through changes in import and export tariffs, presumably to rein in prices, will at best distort trade in agricultural commodities and won\'t be an effective weapon against inflation, industry participants said Thursday.
Global palm oil gains 9% on Customs duty cut
26/03/2008 (The Hindu Business Line), Chennai - Crude palm oil had peaked to $1,486 a tonne on the Malaysia Derivatives Exchange on March 4. By March 19, it had shed 25 per cent of the gains to slip to $1,064.20. Then, on March 20, the Centre announced a cut in Customs duty on all crude and refined cooking oils, except soyabean oil, as part of its effort to rein in inflation.
