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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
Malaysian oil palm growers say levy on CPO hurting margins - report
26/08/2008 (Forbes), Kuala Lumpur - Malaysia's oil palm industry is urging the government to abolish the scheme that requires industry players to subsidize the price of cooking oil, which has put a dent in their margins, the New Straits Times reported Thursday.
Higher special cess to subsidise cooking oil
27/03/2008 (The Star Online), Kuala Lumpur - Local oil palm plantation owners with over 40ha of estates are expected to pay higher special cess this year to help subsidise the Government's cooking oil stabilisation scheme (COSS) introduced in May 2007.
End price control on cooking oil, say planters
27/03/2008 (NST Online), Kuala Lumpur - Palm oil producers want the price control on cooking oil to be abolished.
Work starts on palm tree cultivation in Balochistan
27/03/2008 (The News- International, Pakistan), Karachi - Pakistan Oilseed Development Board (PODB) has started work on a big pilot project to cultivate palm trees in Balochistan to see if Pakistan’s reliance on imported edible oil could be reduced.
Sri Lankan vegetable oil exporters warn of impending closure
26/03/2008 (Lanka Business Online (LBO)) – Sri Lanka based makers of vanaspati ghee or hydrogenated vegetable oil who exported to India under a free trade deal said they faced closure after India slashed duty on imported vegetable oils.
Edible oil duty cut: ‘No gain to consumer’
25/03/2008 (The Hindu Business Line), Ahmedabad - Edible oil companies, which have started reducing prices to between Rs 2-6 a kg recently following import duty reduction announced by the Government last week, feel that the ordinary consumer can benefit only when duty is reduced on soya oil as well.
Centre must come clean on edible oil duty cut
24/03/2008 (The Hindu Business Line), Mumbai - In order to control edible oil prices, the Centre recently announced two decisions — one related to foreign trade and the other to customs tariff. From March 17, export of edible oil stands banned for a period of one year.
Push to abolish palm oil cess
25/03/2008 (the Star Online), Petaling Jaya - The oil palm industry is pushing hard to abolish the special cess on oil palm plantation estate owners to subsidise the price of cooking oil imposed in June 2007 and also the cess on crude palm oil (CPO) price stabilisation fund imposed in 2001.
Palm oil prices rise on tax hike news
26/03/2008 (Live Mint), Singapore - Palm oil prices in Malaysia, the global benchmark, rose for the second day on expectations the doubling in export tax by Indonesia may restrain supply even as demand for the vegetable oil increases in India and China.
