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Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Govt policy on palm oil a \'car crash\'
08/10/2007 (The Age) - Conservation group the Humane Society International (HSI) says a new federal government move to check sources of palm oil importations has focused attention on a burgeoning deforestation problem in tropical countries.
Sri Lanka to impose import taxes on raw and processed palm products
07/10/2007 (Colombo Page), Colombo - Sri Lanka's Ministry of Plantation Industries has decided to introduce import taxes on both processed and raw palm products.
REFILE-ANALYSIS-Green fuels will save the earth - or not
05/10/2007 (Reuters), HONG KONG - The earth is too small to accommodate all the biofuels projects envisioned for the globe, and this raises doubts whether green fuels will ever play a big role in weaning the world off crude oil.
Australia\'s Canola Harvest Forecast Cut 15% on Dry Weather
09/10/2007 (Bloomberg) - Australia, the world's third-largest canola exporter, may produce 15 percent less of the oilseed than earlier forecast after dry weather hurt crops in New South Wales state, eroding the benefit of higher export prices.
Overweight on plantations, focus on small and mid-cap stocks
09/10/2007 (The Edge Daily) - ASEAMBANKERS Equity Research expects palm oil prices to stay firm over the next 12 months with the potential to test RM3,000 per tonne. This was against its earlier anticipation of softer palm oil prices of RM2,200-RM2,400 level as production enters seasonally higher production months and amidst significant production recovery from dry spell experienced earlier in the year.
MMTC to import 21,000 tonnes of edible oil
09/10/2007 (The Hindu), New Delhi - Government-owned trading firm MMTC has invited bids for import of 21,000 tonnes of edible oil to meet the rising demand during the festive season.
Firms urged to cancel price rises
09/10/2007 (The Nation Business) - Amid fears of an adverse impact from the floating of the cooking gas price later this year, the Commerce Ministry will call an urgent meting next week with 100 consumer-goods manufacturers to ask them to curb rising prices. The private sector has planned to ask the government's permission for price increases next month.
Palm Oil May Drop 4.7% as Higher Output in India Lowers Imports
08/10/2007 (Bloomberg) - Palm oil futures in Malaysia may fall 4.7 percent in the next three weeks as above-average rainfall increases oilseed production in India, probably reducing overseas purchases of the commodity, TransGraph Consulting Pvt. said.
High commodity prices lead to global resource boom
08/10/2007 (The Star Online) - THE strong demand for and rising prices of commodities have led to a natural resource boom globally, thus providing windfall gains to producing and exporting countries, experts said.
