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Palm oil starts 2026 on weak note as export data disappoints; production in focus
Palm oil prices to be under pressure until output eases, says analyst Mistry
Malaysia's palm oil stocks surge to over 3.0mil tonnes in December, hitting seven-year high
Palm oil under pressure and its adjustment
India’s palm oil duty cut augurs well for Malaysia
5/5/2003 - MALAYSIA has an advantage over Indonesia to capitalise on India’s reduction of basic import duty on processed palm oil.
Industries minister may ask finance to withdraw GS
ISLAMABAD (May 07 2003) : The Minister for Industries and Production,Liaquat Ali Jatoi is likely to ask the Finance Ministry to withdrawGeneral Sales Tax on ghee and cooking oil and also give relief in otherlevies, official sources told Business Recorder .
MDEX to introduce new futures products
Wednesday, May 07 2003 - A NEW palm oil-based futures and two more bondfutures products will be in the market this year, promising investorslonger-term hedging options and a more liquid Malaysian derivativesmarket.
Indonesia to supply Russia with 40,000 tons of pal
JAKARTA, May 1 Asia Pulse - Indonesia plans to export 40,000 tons of palmoil to Russia in May-July under a countertrade agreement signed by theleaders of the two countries last week.
About 20 percent general sales tax may be imposed
KARACHI (May 03 2003) : About 20 percent general sales tax (GST) islikely to be imposed by the Federal Government on the import of oilseedsin the coming budget, it is learnt.
Sars delays Asean Vegetable Oils Club meeting
JAKARTA (May 06 2003) : An Asean Vegetable Oils Club (AVOC) meeting,scheduled for May 10 on the resort island of Bali, has been postponed dueto concerns over the deadly Sars virus, an industry official said onMonday.
Indian duty cut
KUALA LUMPUR (May 01 2003) - India, the world's largest edible oilimporter, on Wednesday reduced customs duty on RBD palm oil to 70 percentfrom 85 percent to remove the difference in duty structure among variousimported oils.
Oil World cuts 2002-03 soyabean crush forecast
HAMBURG (April 30 2003) : Hamburg-based newsletter Oil World said 2002/03global soyabean crushings are likely to reach only 169.12 million tonnes,down 500,000 tonnes from its previous estimate on March 14.
Palm oil demand still above production: Oil World
HAMBURG (April 30 2003) : Global palm oil demand is still running aboveproduction despite recent production gains, Hamburg-based newsletter OilWorld said.
