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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
India Bans Exports of Edible Oils to Boost Supplies
18/03/2008 (Bloomberg) - India, the world's second-biggest buyer of vegetable oils, banned exports of all edible oils to boost local supplies amid concern a smaller winter oilseed crop may worsen a shortage.
Govt bans export of edible oil for one year
18/03/2008 (Business Standard) - The government has banned export of edible oil for one year to check rising domestic prices and control inflation. The ban will be in place till March 16, 2009.
Prices of local ghee, oil brands reduce
19/03/2008 (The News-International, Pakistan) - PRICES of edible oil and ghee further declined in the wholesale market Tuesday, following a decrease in international palm oil rates, while the retailers have also lowered prices - for the first time after a sharp increase was registered previously.
PODB to import 0.9 million palm seedlings from Malaysia
18/03/2008 (Associated Press of Pakistan), Islamabad - To reduce the growing import bill of edible oil on national economy, Pakistan Oilseed Development Board (PODB) under its Oilpalm Development Project has decided to import 0.9 million palm seedlings from Malaysia. “These seedlings will be grown in the coastal areas of Sindh and Balochistan,†official sources told APP.
Centre revises tariff value of brass scrap, poppy seeds
18/03/2008 (My Iris) - Central Board of Excise and Customs (CBEC), Department of Revenue, notified tariff values of edible oils, brass scrap (all grades) and Poppy seeds in its circular on Monday (Mar.17, 2008).
Tradewinds will feel pinch of cess tax
18/03/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd may be riding on high crude palm oil (CPO) prices but the company would still feel the pain of paying Supply and Cooking Oil Stabilisation cess tax, chief executive officer Chan Seng Fatt said.
Edible oil imports jump 40%
17/03/2008 (The Financial Express), Mumbai - Despite the sharp price rise in crude palm oil (CPO) and crude soya oil (CSO) globally in the past four months, flow of edible oils imports into the country has not been impacted during the current season 2007-08 thanks to demand-supply gap.
Strong palm and rapeseed oil may raise food costs
17/03/2008 (Guardian Unlimited, UK), Amsterdam - Vegetable oil markets have enough support to remain firm this year with rapeseed and palm oil likely to outperform, which could put pressure on the food industry to increase prices further, analysts say.
Demand For Palm Oil Increases
17/03/2008 (Morden Ghana) - Consumers all over the world will be feeling the pinch of high food prices in 2008, with cooking oil now joining corn, wheat, and milk on the growing list of food inflation culprits.
