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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
Vanaspati cools after edible oil import duty cut
25/03/2008 (The Economic Times), Kolkata - The government move on lowering customs duty on edible oils for pushing down its prices has started yielding positive results. On the heels of getting a huge relief from reduced import duty on crude palm oil (CPO) from 45% to 20%, which serves as raw material of vanaspati, vegetable fat producers have slashed their product prices by Rs 4-5/kg.
Duty cut helps crude palm oil recover
23/03/2008 (The Hindu Business Line) - The Centre’s move to cut the Customs duty on all edible oils helped crude palm oil on Malaysia Derivatives Exchange on Friday. When the trade opened, the benchmark June contracts declined 133 ringgits or four per cent compared with its previous closing. The fall was mainly on account of the drop witnessed in soyabean on the Chicago Board of Trade. However, as the impact of Indian move sunk, crude palm oil recovered to end unchanged.
India reduces duties on rice, edible oils
23/03/2008 (The Daily Star, Bangladesh) - With the inflation inching towards the six percent mark, the Indian government has reduced customs duty on rice and edible oils drastically to rein in their prices in domestic market.
Cut in import duty of palm oil to affect coconut sector
22/03/2008 (The Hindu), Kochi - The Union government’s move to slash the import duty on palm oil will affect the coconut based industry in general and the trade in coconut oil in particular. The situation will have a disastrous impact on the coconut farming sector, which has been reeling under severe problems in recent years. Coconut farmers in Kerala will be the worst hit as the productivity had already declined in the State owing to a variety of reasons.
Sri Lanka should liberalize edible oil imports: coconut exporters
23/03/2008 (Lanka Business Online (LBO)) – Sri Lanka's exporters of value added coconut products are asking to authorities to free edible oil imports, so that profits from oil milling would fall, freeing more nuts for other industries.
Withdraw cut in import duty, says VS
23/03/2008 (The Hindu) Thiruvananthapuram - Chief Minister V.S. Achuthanandan on Friday called upon the Central government to withdraw the cut in import duty of palm oil.
\'Import duty cut on edible oil to hit Kerala\'
21/03/2008 (The Hindu Business Line), Thiruvananthapuram - The Centre's decision to slash the import duty on edible oils including palm oil is likely to hit thousands of coconut farmers in Kerala, already reeling under the impact of steady price fall over the years.
Bangladesh waives customs duty on soybean, palm oil
20/03/2008 (Reuters, India), Dhaka - Bangladesh has waived a 10 percent customs duty on refined soybean and palm oil to halt soaring prices in the country's retail market, customs officials said on Thursday.
India Lowers Import Duties on Edible Oil to Check Inflation
20/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, cut import duties on edible oil to ensure adequate domestic supplies and curb inflation.
