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Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
Gapki warns of sharp production losses
El Nino, biodiesel demand support CPO prices despite rising stocks
Going The Distance on Cooking Oil
25/05/2011 (News Straits Times) - At least, that is what 65 students from Universiti Teknologi Malaysia and Indonesia’s Universitas Tanjungpura are trying to prove on a 6,500km journey from Singapore to Laos which began on Sunday.
Record Total Trade Between Malaysia And Guangxi Province In 2010
24/05/2011 (Bernama) - Total trade between Malaysia and China's Guangxi Province, reached a record US$260 million last year.
Palm Oil Ends Best Run in Two Months as Crude Losses Cut Appeal
24/05/2011 (Bloomberg) - Palm oil declined, ending the longest rally in more than two months, as falling crude oil prices reduced the appeal of the commodity as a source of biofuel.
China Palm Oil Imports Rise as Warmer Weather Boosts Demand
24/05/2011 (Bloomberg) - China’s palm oil imports, the world’s second-biggest, rose to the highest level this year in April as warmer weather boosted demand for the cooking oil.
Worldwide Biofuels Production Guidelines Set by G8-Led Group of Nations
24/05/2011 (Bloomberg) - The U.S. and China led 23 nations in agreeing on the the first guidelines for producing biofuel from crops such as palm oil, an agricultural commodity used for cooking and to make detergents as well as fuel.
Pre-budget Increase in Cooking Oil, Ghee Prices
24/05/2011 (Daily Times) - Manufacturers of ghee and cooking oil have made pre-budget increase in ghee and cooking oil rates.
Govt Torn Between Courting Business, Protecting Forests
24/05/2011 (Jakarta Globe) - In a move seen by critics as a sign of the government’s waning drive to save the nation’s forests, President Susilo Bambang Yudhoyono recently added the phrase “pro-business†to his strategy for achieving sustainable development.
P&G May Build Oleochemical Plant To Secure Future Supply
24/05/2011 (Jakarta Post) - American consumer goods giant Procter & Gamble Company (P&G) is exploring opportunities to invest in Indonesia’s downstream palm oil industry to ensure a sustainable supply for its fatty alcohol needs.
Budget Should Be Business-Friendly
24/05/2011 (The Nation) - Famous industrialist, chairman Pakistan Edible Oil Refiners Association (PEORA) and former president Faisalabad Chamber of commerce and industry Mian Muhammad Hanif has proposed to the federal government some suggestions for the upcoming federal budget 2011-12 that levy withholding Tax on Imported Edible Oils in the PTR Mode. “The structure of income tax applicable on Edible Oil and Vegetable Ghee industries before 30th June 2009 would be as on import of raw material at 2% us 148(8) and as final discharge of liability.â€
