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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
CPO futures end mostly higher on soybean oil gains
Marks & Spencer signs up with GreenPalm
21/02/2008 (The Edge Daily), Kuala Lumpur - Marks & Spencer has signed up with GreenPalm’s trading scheme to promote eco-friendly oil production as part of its plan to help the environment, ahead of a major conference here on palm oil.
Packaged edible oils to capture 50% market’
22/02/2008 (Financial Express, India), New Delhi - With growing quality consciousness and plummeting price differences between packaged and non-packaged edible oils, the packaged edible oil sector will capture 50% of the market share within three years. The packaged edible oil consumption is only about 20% of the total 12.5 million tonne domestic consumption.
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.
