|
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
Govt cuts edible oil import duties to lower prices
20/03/2008 (Reuters, India) New Delhi - India, the world's biggest vegetable oil buyer after China, on Thursday cut import duties on some edible oils, including crude palm, to improve supplies and ease prices as inflation hit a 10-month high.
Nigeria: South Africa Wants Country\'s Palm Oil
20/0./2008 (AllAfrican.com) - South Africa has indicated interest in Nigeria's palm oil. Director, West Africa International Trade and Economic Development Division in the South African Department of Trade and Industry (DTI), Mrs. Hester Obisi said during a meeting with officials of Nigerian Export Promotion Council in Abuja that South Africa would procure palm oil from Nigeria to be used as fuel in the generation of power.
Rice, edible oil duties cut to tame inflation
21/03/2008 (The Economic Times), New Delhi - Call it operation attack inflation. With the inflation inching towards 6% mark, the government on Thursday slashed Customs duty on edible oils and rice to contain their prices in the domestic market. While the Customs duty on rice has been slashed to nil from 70%, duty on all crude and refined edible oil imports has been substantially reduced from the current level of 52-75% to 20% and 27.5% respectively.
Customs duty on cooking oils slashed
20/03/2008 (The Hindu Business Line), New Delhi - The Centre on Thursday slashed import duties on all crude and refined edible oils as part of its attempt to cushion the impact of increase in the global vegetable oil prices. It also decided to exempt semi-milled and wholly milled rice from import duty and specified that this exemption would be available up to March 31 next year.
IMPORT DUTY ON EDIBLE OILS REDUCED
20/03/2008 (Press Information Bureau (PIB)) - Government has been keeping a close watch on the domestic and international prices of essential commodities, particularly food items such as wheat, rice, pulses, and edible oils so as to keep inflation under check. It has also taken appropriate fiscal measures from time to time to achieve this objective. Full exemption from customs duty available to wheat has been extended beyond the expiry date of 31st December, 2007 and wheat flour has also been fully exempted from customs duty.
The Great Biodiesel Swindle
21/03/2008 (English Chosun) - Most Koreans are now aware that the prices of black bean-sauce noodles and instant noodles have risen because Americans are using corn ethanol to fuel their automobiles. As a consequence of feeding human foodstuff to motor vehicles, 800 million hungry people in the world grow hungrier. And studies show that using ethanol in automobiles is of little help in reducing greenhouse gases.
Trade with Malaysia: List of high-growth products ready
21/03/2008 (The Economic Times), Kolkata - As trade negotiations between India and Malaysia on a Comprehensive Economic Co-operation Agreement (CECA) progress, Indian Institute of Foreign Trade (IIFT) has identified several products which have high export potential to Malaysia. The list includes auto components and parts, iron and steel and related products, textiles, electrical and mechanical machinery and their spares.
India-Asean FTA hinges on Indonesia, market access
21/03/2008 (The Economic Times), New Delhi - The India-Asean free trade agreement (FTA) seems to have come within clinching distance, though the month-end deadline for concluding the negotiations will not be met. In the recent high-level officials meeting in Cambodia, the Indian side managed to make the Asean members happy with their side of offers. The Asean countries, especially Indonesia, however, have to come up with some more concessions to seal the deal.
Government to slash edible oil import duty as inflation nears 6 per cent news
20/03/2008 (Domain-b), Mumbai - The government has decided to slash import duties on edible oils, as it seeks to moderate inflation, which rose to an 11-month high of 5.92 per cent for the week ended March 8.
