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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
What next after U.S. Fed interest rate cut?
26/09/2007 (The Jakarta Post) - The Federal Reserve's recent move doesn't provide a solid reason for Indonesia to cut its interest rates. Markets worldwide reacted positively after last week's decision by the Federal Reserve to cut the rate it charges for overnight interbank lending -- known as the Fed Funds Rate -- by half a percentage point to 4.75 percent.
Fast food to further trim fats from menu
27/09/2007 (The Age) - FAST food chains have cut down on the use of unhealthy trans fats amid threats of regulation, and have agreed to reduce saturated fats following pressure from health groups.
N.Y. trans-fat ban working
26/09/2007 (Mercury News Online) - There's almost no more fat to fry in New York's restaurants, the city bragged last week. Some 94 percent of the Big Apple's more than 3,300 restaurants have switched to trans-fat-free spreads and oils since the city's ban on them went into effect in July, the Department of Health and Mental Hygiene said.
Price of palm oil predicted to leap
24/09/2007 (International Herald Tribune), GOA, India - Palm oil futures in Malaysia may advance as much as 15 percent during the next year because of rising demand and a shortfall in supplies of vegetable oils, Dorab Mistry, a director at Godrej International, said Sunday.
Sterling Biofuels commits to develop Malaysian palm oil mill
25/09/2007 (Biofuel Review) - Sterling Biofuels International Limited has entered into a Memorandum of Understanding to develop a palm oil mill in the Lahad Datu region of Malaysia where its biodiesel plant is located. According to the company, the development of the mill will be undertaken jointly with an, as yet unamed, local partner who will provide access to minimum quantities of raw material (ie oil palm fruit bunches) for the mill. This is required for the purposes of obtaining a mill licence.
Vegetable oils may slip on biodiesel slowdown
26/09/2007 (The Economic Times), PANAJI - Vegetable oil prices are likely to come down by next year with an expected slowdown in biodiesel production, according to London-based economic consultancy LMC International managing director James Fry. Speaking at a seminar in Panaji, Mr Fry said there is a cyclical uptrend in palm oil production and if the US government slashes export subsidies on biofuels, the prices of vegetable oil will be moderately bearish.
NAFED to watch global edible oil prices for further import
25/09/2007 (The Economic Times), NEW DELHI - National Agricultural Cooperative Marketing Federation of India (NAFED), which has so far imported 40,000 tons of edible oil, will keep a track of international prices before deciding on further imports.
Get coordinated, or else
25/09/2007 (The Jakarta Post) - A lack of coordination between government institutions is one of the main problems to face Indonesia over the past few years. Some examples should demonstrate the gravity of the problem.
Govt rules out plan to ban rice export
24/09/2007 (The Economis Times), NEW DELHI - Putting rumours of a ban on rice export at rest, the Centre today ruled out any such step and said a duty cut on imported edible oil would be considered at an "appropriate time".