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CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
Sime Darby to invest RM169m in oil & fat business in Europe
03/04/2008 (The Edge Daily), Kuala Lumpur - Sime Darby Bhd is planning to invest over €34 million (RM169.03 million) in its current Unimills BV’s facilities Zwijndrecht, The Netherlands and other locations in Europe to further strengthen its position in the oils and fats downstream business in the continent.
Biofuels: Inventing the future
03/04/2008 (Finance Asia) - Current high food prices are not the result of demand for biofuel, said Dato’ Yeo How, group executive director at IOI Corporation, addressing a Green Wave panel on the competing demands for agricultural land. Dato’ Yeo believes the higher prices are the result of consumption growth in the developing world and the disruption to crop yields caused by changing weather patterns. He also pointed out that already scarce farmland is being absorbed by urbanisation. “Capacity is not keeping pace with a consistent growth in consumption,†he said.
FirstEnergy to test biofuel from New Generation Biofuels
02/04/2008 (Cleanteach) - The program will evaluate the technical and environmental performance of the biofuel in combustion turbine applications.
Govt readies toolkit to tackle rising prices
01/04/2008 (The Economic Times), New Delhi - The Cabinet Committee on Prices (CCP) met here on Monday to consider a plethora of fiscal, monetary and supply-side measures to control the runaway inflation, which touched a record 6.68% for the week ended March 15. The CCP meeting comes against a background of record inflation, high import prices of key food items and intense worry over adverse political impact.
Govt scraps import duty on edible oils to contain inflation
31/03/2008 (The Hindu), New Delhi - The Government has abolished import duty on soya oil and palm oil, as part of efforts to contain runaway inflation that has risen to a 13-month high of 6.68 per cent.
Import duty cuts to curb inflation, says Kamal Nath
31/03/2008 (Hindustan Times) - Stung by the persistent rise in prices, the government is considering duty cuts in essential commodities. Commerce and Industry Minister Kamal Nath said on Monday that fresh import duty cuts on a few items were in the offing. “We are looking at further cuts. There is an increase in international oil prices and it has to be met with import duty calibration, which we are considering,†Nath said.
India May Reduce Edible Oil Duty Further, Nath Says
31/03/2008 (Bloomberg) - India, the world's biggest buyer of vegetable oil after China, may further cut edible oil import duties to ensure local supplies and contain inflation.
India to look at duty cuts on food items
31/03/2008 (Business Spectator, Australia), New Delhi - Indian Trade Minister Kamal Nath said the government was looking to cut duties on food items to rein in rising prices.
Without biofuel crude prices could be $150-200
26/03/2008 (Commodity Online), Singapore - What would have been the crude oil price now with out the limited production of biodiesel. It would have reached $150-200 per barrel.
