Market News 
03.10.10
BRAZIL SOY CROP TO EXCEED LAST YEAR BY 18%
Conab estimated this week that Brazil’s 2009-10 soy crop would reach 67.5 millio...
03.10.10
ARGENTINA SOY EXPORTS STAY FLAT DESPITE LOWER OUTPUT
Argentina's soy exports during the first 11 months of 2009 were in line with the...
03.10.10
SHELL: 40% OF VEHICLES TO BE ELECTRIC BY 2050
Shell CEO stated this week that by 2050 40% of all vehicles in the world will be...
03.10.10
CPO FUTURES CONTRACT TO BEGIN TRADING ON CME GLOBEX
A dollar-denominated, cash-settled crude palm oil futures contract will begin tr...
03.03.10
EU WILL ADOPT 30% EMISSIONS TARGET BY 2020
Netherlands environment minister Jacqueline Cramer said the EU will “definitely”...
03.03.10
VITOL OWNS 25% OF OIL PRODUCTS STORED ON SHIPS
Vitol owns almost 25%, 20 million barrels of a total 79 million barrels, of refi...
03.03.10
OIL RISES WEDNESDAY ABOVE $80 A BARREL
NYMEX crude oil rose 1.3% to $80.69 a barrel Wednesday after a US government rep...
02.24.10
PALM OIL FUTURES FALL ON LOWER DEMAND
Palm oil futures fell for the first time in three days on concern demand may wan...
02.24.10
ASTRA AGRO LESTARI PROFIT DECLINES 36%
PT Astra Agro Lestari’s profit declined for the first time in three years as a f...
02.24.10
INDONESIA TO HOLD CPO EXPORT TAX AT 3% IN MARCH
Indonesia will maintain its export tax on crude palm oil at 3% in March. The...
Taxes Stifle German Biodiesel
11.14.07
A new round of tax increases planned for German biofuels means no new biodiesel plants are likely to be built, according to the chairman of German oilseeds industry association UFOP.
He said many biodiesel producers are likely to find themselves in "severe financial trouble" if Germany's government goes ahead with plans to further increase biofuels taxes on January 1. Even if the second tax rise was suspended, changes are likely in Germany's biodiesel industry.
"At the very least we are in a consolidation phase and, in Germany, we are at the end of the time when more production units will be built," the UFOP chairman said.
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