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A delicate balance for biodiesel mandate
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
Windfall profit levy unlikely to hurt planters
16/07/2008 (The Star Online) - Analysts believe it will favour owners with estates in east Malaysia. The newly adjusted windfall profit levy imposed on oil palm plantation companies effective yesterday will not impact significantly their earnings forecasts.
Malaysia imposes windfall profit levy on palm oil plantations
15/07/2008 (Xinhua) - Malaysia began to impose a windfall profit levy, effective on Tuesday, on a total of 3,661 oil palm plantations in the country, but exempt smallholders.
Oilseed prices firm up as fears of output fall loom large
16/07/2008 (Times Economic Times), Mumbai - Prices of vegetable oilseeds — soyabean, mustard seed and castor seed — are moving up, tracking firm global trends and on fears of low oilseed acreage in Maharashtra, Gujarat and Andhra Pradesh. Soyabean moved up Rs 12 per quintal to Rs 2,754 in Indore spot market, mustard seed moved up Rs 30 a quintal to Rs 3,295 at Jaipur mandi and castor seed moved up to Rs 625 per 20 kg from Rs 612 the previous day in Gujarat mandi.
Windfall Tax On Oil Palm To Involve 3,661 Plantations
15/07/2008 (Bernama), Putraya - A total of 3,661 oil palm plantations in the country will be paying a windfall profit levy effective today with the government's decision to exempt smallholders having less than 40 hectares of plantation land, from paying the tax.
UPDATE 1-Malaysia\'s Sime says to build $103 mln CPO refinery
15/07/2008 (Reuters, USA), Kuala Lumpur - Malaysian's top palm oil company Sime Darby will spend 330 million ringgit ($102.5 million) to build a refinery to process crude palm oil, its chief executive said on Tuesday.
Parliamentary select committee visits oil palm industries in Ashanti
15/07/2008 (Accra Daily Mail) - Mr Akenten Appiah-Menkah, Managing Director of Appiah-Menkah Apino Soap in Kumasi, has called for the establishment of a Palm Oil Development Board to handle issues on the industry.
Tax office intensifying tax collection
16/07/2008 (The Post Jakarta) - The tax office remains confident of achieving its full-year tax target, despite collecting only 42 percent of the figure in the first half of the year, or Rp 265.18 trillion (US$28.82 billion).
Govt To Collect RM2.3 Bln From Windfall Profit Levy On Palm Oil
14/07/2008 (Bernama), Putrajaya -- The Ministry of Finance is expected to collect RM2.3 billion in windfall profit levy from oil palm estate owners in the next 12 months.
Price of vegetable oil goes up by 15%
14/07/2008 (The Tide Online) - There has been a 15 per cent increase in the price of vegetable oil in some major towns in Delta.
