|
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
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.
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.
