Berita Arkib

20/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, cut import duties on edible oil to ensure adequate domestic supplies and curb inflation.

20/03/2008 (Reuters, India) New Delhi - India, the world's biggest vegetable oil buyer after China, on Thursday cut import duties on some edible oils, including crude palm, to improve supplies and ease prices as inflation hit a 10-month high.

20/0./2008 (AllAfrican.com) - South Africa has indicated interest in Nigeria's palm oil. Director, West Africa International Trade and Economic Development Division in the South African Department of Trade and Industry (DTI), Mrs. Hester Obisi said during a meeting with officials of Nigerian Export Promotion Council in Abuja that South Africa would procure palm oil from Nigeria to be used as fuel in the generation of power.

21/03/2008 (The Economic Times), New Delhi - Call it operation attack inflation. With the inflation inching towards 6% mark, the government on Thursday slashed Customs duty on edible oils and rice to contain their prices in the domestic market. While the Customs duty on rice has been slashed to nil from 70%, duty on all crude and refined edible oil imports has been substantially reduced from the current level of 52-75% to 20% and 27.5% respectively.

20/03/2008 (The Hindu Business Line), New Delhi - The Centre on Thursday slashed import duties on all crude and refined edible oils as part of its attempt to cushion the impact of increase in the global vegetable oil prices. It also decided to exempt semi-milled and wholly milled rice from import duty and specified that this exemption would be available up to March 31 next year.

20/03/2008 (Press Information Bureau (PIB)) - Government has been keeping a close watch on the domestic and international prices of essential commodities, particularly food items such as wheat, rice, pulses, and edible oils so as to keep inflation under check. It has also taken appropriate fiscal measures from time to time to achieve this objective. Full exemption from customs duty available to wheat has been extended beyond the expiry date of 31st December, 2007 and wheat flour has also been fully exempted from customs duty.

21/03/2008 (English Chosun) - Most Koreans are now aware that the prices of black bean-sauce noodles and instant noodles have risen because Americans are using corn ethanol to fuel their automobiles. As a consequence of feeding human foodstuff to motor vehicles, 800 million hungry people in the world grow hungrier. And studies show that using ethanol in automobiles is of little help in reducing greenhouse gases.

21/03/2008 (The Economic Times), Kolkata - As trade negotiations between India and Malaysia on a Comprehensive Economic Co-operation Agreement (CECA) progress, Indian Institute of Foreign Trade (IIFT) has identified several products which have high export potential to Malaysia. The list includes auto components and parts, iron and steel and related products, textiles, electrical and mechanical machinery and their spares.

21/03/2008 (The Economic Times), New Delhi - The India-Asean free trade agreement (FTA) seems to have come within clinching distance, though the month-end deadline for concluding the negotiations will not be met. In the recent high-level officials meeting in Cambodia, the Indian side managed to make the Asean members happy with their side of offers. The Asean countries, especially Indonesia, however, have to come up with some more concessions to seal the deal.

20/03/2008 (Domain-b), Mumbai - The government has decided to slash import duties on edible oils, as it seeks to moderate inflation, which rose to an 11-month high of 5.92 per cent for the week ended March 8.

19/03/2008 (The Star Online), Kuala Lumpur - IOI Corp Bhd has proposed to acquire major stakes in several plantation companies in Sarawak that own a combined 44,350ha in the state for RM439.85mil.

18/03/2008 (The Star Online), Petaling Jaya - IOI Corporation Bhd is expanding its oil palm plantations in Sarawak by proposing to acquire a major stake in several companies for RM439.85mil.