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MARKET DEVELOPMENT
15-08-2001

CPO Production Down 3 Pct To 897,063 Tonnes In Jul

KUALA LUMPUR, Aug 13 (Bernama) -- Malaysia's total crude palm oil (CPO)production in July declined 3.01 percent or 27,792 tonnes to RM897,063tonnes from 924,855 tonnnes in June, according to the preliminary figuresreleased by Malaysian Palm Oil Board (MPOB).

MARKET DEVELOPMENT
15-08-2001

Indian Edible Oil Imports Start To Rise With Festi

NEW DELHI, Aug 13 (Bernama) -- With the festive season in India fastapproaching, the demand for edible oil has started to increase.

MARKET DEVELOPMENT
15-08-2001

Poor Palm Oil Incomes A Blessing For Some Felda Fa

KUALA LUMPUR, Aug 12 (Bernama) -- The Felda settlers of Jengka 15 in theMaran district of Pahang had depended on their oil palms aka the "goldentree" for their livelihood for about 25 years but poor prices and fallingoutput two years ago had taken a toll on their incomes.

MARKET DEVELOPMENT
14-08-2001

Ample money for 2002 Budget

Four consecutive years of fiscal deficit does not seem to hindergovernment spending. Aided by higher palm oil and petroleum prices,domestic liquidity remains ample to finance future government expenditureunder the forthcoming 2002 Budget.

MARKET DEVELOPMENT
14-08-2001

CPO burning project set to be shelved

THE Government is pulling the plug on the project to use crude palm oil(CPO) as fuel for power generation following the sharp improvement in thecommodity's prices of late.

MARKET DEVELOPMENT
14-08-2001

Pakistani agency proposes additional 15% duty on i

ISLAMABAD - The Small and Medium Enterprises Development Authority (Smeda)has proposed to the ministry of industries and production that 15 percentadditional duty should be imposed on imported edible oil to protect thelocal growers involved in the production of edible oil, Smeda sourcesinformed Business Recorder here on Thursday.Sources said, though, prices of edible oils has increased by 70 percent inthe international market during recent months, necessary measures wererequired to protect the local industry from this onslaught.They further said, local production of edible oil has already shrunk from$ 322 million in 1998-1999 to $ 142 million in 2000-2001, and the trendindicates that the government was not encouraging the local industry bytaking required steps.Sources said, Pakistan Oilseeds Development Board (PODB) failed domesticpolicies have forced Smeda to approach the federal government foradditional steps to save the local industry which was badly needed, sothat the country could produce edible oil in such a quantity to meet thenational requirements.Although, the import of palm oil and soyabean oil have decreased by 50percent and 12 percent respectively during the previous year, however,Pakistan has spent about $ 325 million on the import of edible oil fromdifferent markets, sources added.When the Central Board of Revenue (CBR) sources was contacted to know theduties on edible oil, they disclosed that duty on edible oil is the secondhighest after cars.On the other hand, Pakistan Vanaspati Manufacturers Association (PVMA) isdemanding reduction in custom duty on edible oil, as prices of thecommodity were already skyrocketing in the international market. Likewise,prices of ghee and edible oil in the local market were being increasedevery day.Sources said, in a recent meeting, the PVMA has asked the ministry ofindustries and production to reduce duty on tin plate, so that the pricesof ghee and cooking oil could be brought under control.

MARKET DEVELOPMENT
13-08-2001

2001 PIPOC To Discuss Latest Trends In Palm Oil In

KUALA LUMPUR, Aug 11 (Bernama) -- If you want to know what's buzzing inthe palm oil industry, perhaps the 2001 International Palm Oil Congress(2001 PIPOC) to be held here Aug 20 to 23 is the best place to be at.

MARKET DEVELOPMENT
13-08-2001

Palm oil firms seek review of govt purchase price

13 August 2001(Business Times) - PALM oil companies, committed to supplycrude palm oil (CPO) for the government-initiated CPO burning project, areasking for a review of the purchasing price.

MARKET DEVELOPMENT
13-08-2001

Project to use CPO as fuel for power plants must g

10 August 2001(Business Times) - THE project to use crude palm oil (CPO)as fuel for power generation plants must go on to maintain positive marketsentiment and provide valuable data to researchers on the viability of themove.

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