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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
India Scraps 20% Import Duty on Crude Soybean Oil
19/03/2009 (Bloomberg) - India, the world’s biggest buyer of vegetable oils after China, scrapped a 20 percent tax on imports of crude soybean oil to the bring duties on the commodity on par with palm oil, its main substitute.
Sinar Mas Defends Palm Oil Expansion
22/03/2009 (Jakarta Globe) - Sinar Mas Group, one of the country’s top palm oil growers, has denied accusations that its activities are damaging the environment and said it would stick to plans to expand its plantations.
IOI chairman sees palm oil averaging RM2,000
21/03/2009 (Business Times) - IOI Corp Bhd (1961), the world\'s third largest listed palm oil producer, said the price of crude palm oil (CPO) could rise 20 per cent due to falling domestic stockpiles.
Edible oils fall on increased supply, subdued demand
21/03/2009 (The Hindu), New Delhi - Barring a rise in palmolein and crude palm oil, select edible and non-edible oils lost in the national capital during the week ended on Saturday, on restricted buying in the face of adequate stocks positions.
Edible oils slip as govt cuts import duty on soya oil
20/03/2009 (The Economic Times), Mumbai - Edible oil and oilseeds closed lower on the commodity exchanges following the announcement by the government to scrap 20% import duty on crude soyabean oil.
Import duty on soyabean oil scrapped: Pillai
19/03/2009 (The Hindu, Business Line), New Delhi - The Government has done away with the 20 per cent customs duty on crude soyabean oil imports in order to keep it on par with imported palm oil that is currently allowed duty free.
India may import over 6 lakh tonnes of vegetable oils
19/03/2009 (The Hindu), New Delhi - The country\'s imports of vegetable oils may be more than 6 lakh tonnes this month, an industry expert on Thursday said.
Scrapped import duty on soya oil to reduce premium over palm oil
19/03/2009 (The Economic Times), New Delhi - The government is doing away with Customs duty on soya oil to narrow its premium over imported palm oil, the world’s cheapest cooking oil and India’s favourite fat, in a highly price-conscious market. Eight out of 10 cans of imported vegetable oil in India now contain palm oil.
India Govt Likely To Consider Soyoil Import Tax Cut
18/03/2009 (Market Watch), New Delhi - A government panel will likely soon consider cutting the 20% import tax on soyoil, people familiar with the matter said Wednesday.
