Berita Arkib

18/03/2008 (Associated Press of Pakistan), Islamabad - To reduce the growing import bill of edible oil on national economy, Pakistan Oilseed Development Board (PODB) under its Oilpalm Development Project has decided to import 0.9 million palm seedlings from Malaysia. “These seedlings will be grown in the coastal areas of Sindh and Balochistan,” official sources told APP.

18/03/2008 (My Iris) - Central Board of Excise and Customs (CBEC), Department of Revenue, notified tariff values of edible oils, brass scrap (all grades) and Poppy seeds in its circular on Monday (Mar.17, 2008).

18/03/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd may be riding on high crude palm oil (CPO) prices but the company would still feel the pain of paying Supply and Cooking Oil Stabilisation cess tax, chief executive officer Chan Seng Fatt said.

17/03/2008 (The Financial Express), Mumbai - Despite the sharp price rise in crude palm oil (CPO) and crude soya oil (CSO) globally in the past four months, flow of edible oils imports into the country has not been impacted during the current season 2007-08 thanks to demand-supply gap.

17/03/2008 (Guardian Unlimited, UK), Amsterdam - Vegetable oil markets have enough support to remain firm this year with rapeseed and palm oil likely to outperform, which could put pressure on the food industry to increase prices further, analysts say.

17/03/2008 (Morden Ghana) - Consumers all over the world will be feeling the pinch of high food prices in 2008, with cooking oil now joining corn, wheat, and milk on the growing list of food inflation culprits.

17/03/2008 (Forbes), Mumbai - India's edible oil imports for the month of February rose to 430,992 tonnes from 150,927 tonnes last year even though prices were highly volatile.

17/03/2008 (The Bangkok Post) - The Energy Ministry will draft a new national biofuel plan with a significant focus on alternative energy sources as oil prices are expected to continue to increase.

14/03/2008 (Commodity Online) - Palm oil futures in Malaysia, the global benchmark, climbed on speculation recent declines may encourage buying, including from China to make up for damage to its winter rapeseed crop.

13/03/2008 (Commodity Online), New Delhi - India holds the distinction of the largest producer, importer and consumer of edible oil in the world. To some it is a dubious distinction while to others it is a business opportunity. World over, oil producing countries look towards India’s demand and supply to ascertain their prices which means India virtually decides the world prices of edible oil.

12/03/2008 (Commodity Online), Indore - Worried over the rising inflation rate sin the country, the government may cut the import duty on edible oil by 10 per cent.

12/03/2008 (Food Navigator) - Coconut oil prices are set to stay high this year, pushing food makers to look at innovative ways of reducing their costs.