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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
Relief unlikely for vanaspati units from new order
21/02/2008 (Sify.com), Mumbai - The Centre’s move to remove the mandatory use of indigenous oils such as mustard oil in the manufacture of vanaspati is unlikely to bring any substantial relief to the beleaguered industry.
Global Warming: Palm Oil Owed An Apology
21/02/2008 (Scoop Independent News) - The new Prime Minister of Australia, Kevin Rudd offered the nation's first apology to Aborigines taken from their families for assimilation with the white community, saying the policy was a “blemished chapter†in the nation's history.
Continued priority to devt of palm oil industry, says CM
20/02/2008 (The Daily Express, East Malaysia), Kota Kinabalu - Chief Minister Datuk Seri Musa Haji Aman said development of the oil palm industry in Sabah will continue to be given priority by the State Government.
Norm for using domestic vegoils in vanaspati off
20/02/2008 (The Hindu Business Line), New Delhi - With domestic cooking oil prices on the boil, the Centre has decided to waive the condition requiring the use of a minimum 12 per cent of indigenous oils in the manufacture of vanaspati.
Ghee prices a serious challenge for new govt
21/02/2008 (The News - International, Pakistan) - Rising prices of cooking oil and ghee poses one of the biggest challenges to whoever forms government following the 2008 general elections.
Veg oil imports to go up by 7% in India
20/02/2008 (Commodity Online), New Delhi - The vegetable oil scene in the country is unlikely to improve with the industry predicting that India’s vegetable oil imports are bound to go up this year by around 7 per cent.
Vegetable oil import may surge 7.2%
20/02/2008 (My Iris) - The India`s vegetable oil imports in 2007-08 (October-September) are likely to increase by 7.2% at around 5.9 million tons, against 5.5 million tons last year, due to lower carry forward stock of oilseed and rising oil consumption, reports Business Standard.
Price hike of oil, salt
20/02/2008 (The New Nation, Bangladesh) - Uptrend in the price of consumable items including edible oil and salt has made consumers to pay more. The import price of edible oil as well as salt has again increased in recent months. The production of edible oil and salt in the processing units, run by local businessmen, are import-dependent. It is reported that import and processing of edible oil has turned more expensive. Businessmen are paying higher prices for the imported products from the countries of origin. The owners of processing units are paying higher import price plus the Value Added Tax (VAT).
Cooking oil, ghee prices hike breaks poor’s back
21/02/2008 (The Post, Pakistan), Lahore - The prices of cooking oil and ghee showed an upward trend owing to its high demand increasing from Rs 10 to Rs 15 per kilogram during the last one month in the whole sale markets, The Post learnt on Wednesday.
