Berita Arkib

26/03/2008 (The Hindu Business Line), Chennai - Crude palm oil had peaked to $1,486 a tonne on the Malaysia Derivatives Exchange on March 4. By March 19, it had shed 25 per cent of the gains to slip to $1,064.20. Then, on March 20, the Centre announced a cut in Customs duty on all crude and refined cooking oils, except soyabean oil, as part of its effort to rein in inflation.

26/08/2008 (Forbes), Kuala Lumpur - Malaysia's oil palm industry is urging the government to abolish the scheme that requires industry players to subsidize the price of cooking oil, which has put a dent in their margins, the New Straits Times reported Thursday.

27/03/2008 (The Star Online), Kuala Lumpur - Local oil palm plantation owners with over 40ha of estates are expected to pay higher special cess this year to help subsidise the Government's cooking oil stabilisation scheme (COSS) introduced in May 2007.

27/03/2008 (NST Online), Kuala Lumpur - Palm oil producers want the price control on cooking oil to be abolished.

27/03/2008 (The News- International, Pakistan), Karachi - Pakistan Oilseed Development Board (PODB) has started work on a big pilot project to cultivate palm trees in Balochistan to see if Pakistan’s reliance on imported edible oil could be reduced.

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.