Berita Arkib

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.

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.

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.

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.

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.

25/03/2008 (The Financial Express) - Indonesia, the world's biggest palm oil producer, will double the tax on exports of the vegetable oil next month, in a bid to ensure domestic supplies are adequate.

24/03/2008 (Commodity Online), Mumbai - Tale of two countries – both fighting to contain inflation and poverty - has a common ground. India burdened by high import bills while Indonesia is poverty struck by excess exports. But people who directly absorb the impact of these actions have little knowledge as to what makes them suffer.

24/03/2008 (Reuters, India), New Delhi - India's imports of palm oil are likely to increase at the expense of rival soyoil this oil year following a cut in import duty, but a preference for soy among some firms will limit gains, traders said on Monday.

24/03/2008 (Reuters, India), New Delhi - The government is considering a cut in soyoil import duty, following a reduction in palmoil and other edible oil duties late last week to check inflation, a senior government source said on Monday.

25/03/2008 (The Financial Express), Mumbai - Domestic prices of major edible oils, mainly soya oil, mustard oil, and palm oil may remain higher this week, mainly on speculative buying supported by firm overseas Markets.

25/03/2008 (Commodity Online), New Delhi - Edible Oil plays the role of a modulator in cooking where its presence makes food more delicious. In the market, edible oils drive the prices of other commodities such as vanaspati and vegetable fat producers.

25/03/2008 (The Economic Times), Kolkata - The government move on lowering customs duty on edible oils for pushing down its prices has started yielding positive results. On the heels of getting a huge relief from reduced import duty on crude palm oil (CPO) from 45% to 20%, which serves as raw material of vanaspati, vegetable fat producers have slashed their product prices by Rs 4-5/kg.