Berita Arkib

03/04/2008 (Finance Asia) - Current high food prices are not the result of demand for biofuel, said Dato’ Yeo How, group executive director at IOI Corporation, addressing a Green Wave panel on the competing demands for agricultural land. Dato’ Yeo believes the higher prices are the result of consumption growth in the developing world and the disruption to crop yields caused by changing weather patterns. He also pointed out that already scarce farmland is being absorbed by urbanisation. “Capacity is not keeping pace with a consistent growth in consumption,” he said.

02/04/2008 (Cleanteach) - The program will evaluate the technical and environmental performance of the biofuel in combustion turbine applications.

01/04/2008 (The Economic Times), New Delhi - The Cabinet Committee on Prices (CCP) met here on Monday to consider a plethora of fiscal, monetary and supply-side measures to control the runaway inflation, which touched a record 6.68% for the week ended March 15. The CCP meeting comes against a background of record inflation, high import prices of key food items and intense worry over adverse political impact.

31/03/2008 (The Hindu), New Delhi - The Government has abolished import duty on soya oil and palm oil, as part of efforts to contain runaway inflation that has risen to a 13-month high of 6.68 per cent.

31/03/2008 (Hindustan Times) - Stung by the persistent rise in prices, the government is considering duty cuts in essential commodities. Commerce and Industry Minister Kamal Nath said on Monday that fresh import duty cuts on a few items were in the offing. “We are looking at further cuts. There is an increase in international oil prices and it has to be met with import duty calibration, which we are considering,” Nath said.

31/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may further cut edible oil import duties to ensure local supplies and contain inflation.

31/03/2008 (Business Spectator, Australia), New Delhi - Indian Trade Minister Kamal Nath said the government was looking to cut duties on food items to rein in rising prices.

26/03/2008 (Commodity Online), Singapore - What would have been the crude oil price now with out the limited production of biodiesel. It would have reached $150-200 per barrel.

30/03/2008 (NST Online), Johor Baru - Consumers will suffer if the ceiling on the price of cooking oil is lifted to help oil palm producers.

30/03/2008 (The Star Online), Johor Baru - The Domestic Trade and Consumer Affairs Ministry will set up a meeting with the National Price Council to discuss the redistribution of subsidies.

27/03/2008 (The Star Online), Miri - Local council authorities in Sarawak have been directed to be very firm and uncompromising when collecting levies from oil-palm plantation companies.

28/03/2008 (Business Spectator, Australia) - Increasing market intervention by national governments through changes in import and export tariffs, presumably to rein in prices, will at best distort trade in agricultural commodities and won\'t be an effective weapon against inflation, industry participants said Thursday.