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AI boom is turning Malaysia’s palm oil estates into data centres
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
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Centre must come clean on edible oil duty cut
24/03/2008 (The Hindu Business Line), Mumbai - In order to control edible oil prices, the Centre recently announced two decisions — one related to foreign trade and the other to customs tariff. From March 17, export of edible oil stands banned for a period of one year.
Push to abolish palm oil cess
25/03/2008 (the Star Online), Petaling Jaya - The oil palm industry is pushing hard to abolish the special cess on oil palm plantation estate owners to subsidise the price of cooking oil imposed in June 2007 and also the cess on crude palm oil (CPO) price stabilisation fund imposed in 2001.
Palm oil prices rise on tax hike news
26/03/2008 (Live Mint), Singapore - Palm oil prices in Malaysia, the global benchmark, rose for the second day on expectations the doubling in export tax by Indonesia may restrain supply even as demand for the vegetable oil increases in India and China.
Indonesia to double tax rate on crude palm oil exports
25/03/2008 (The Financial Express) - Indonesia, the world's biggest palm oil producer, will double the tax on exports of the vegetable oil next month, in a bid to ensure domestic supplies are adequate.
Greasy in India, oily in Indonesia
24/03/2008 (Commodity Online), Mumbai - Tale of two countries – both fighting to contain inflation and poverty - has a common ground. India burdened by high import bills while Indonesia is poverty struck by excess exports. But people who directly absorb the impact of these actions have little knowledge as to what makes them suffer.
India\'s palm oil imports to rise on duty cut - trade
24/03/2008 (Reuters, India), New Delhi - India's imports of palm oil are likely to increase at the expense of rival soyoil this oil year following a cut in import duty, but a preference for soy among some firms will limit gains, traders said on Monday.
Govt considering cut in soyoil import duty-source
24/03/2008 (Reuters, India), New Delhi - The government is considering a cut in soyoil import duty, following a reduction in palmoil and other edible oil duties late last week to check inflation, a senior government source said on Monday.
Edible oil prices may remain higher on speculative buying
25/03/2008 (The Financial Express), Mumbai - Domestic prices of major edible oils, mainly soya oil, mustard oil, and palm oil may remain higher this week, mainly on speculative buying supported by firm overseas Markets.
Duty Cut: Edible Oil prices now under control
25/03/2008 (Commodity Online), New Delhi - Edible Oil plays the role of a modulator in cooking where its presence makes food more delicious. In the market, edible oils drive the prices of other commodities such as vanaspati and vegetable fat producers.
