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MARKET DEVELOPMENT  
  20-06-2013

Haze Update: Palm Oil Companies Deny Using Fire To Clear Land

20/06/2013 (Straits Times) - Palm oil companies listed here have denied that they are using slash-and-burn practices on their plantations in Indonesia.

MARKET DEVELOPMENT  
  20-06-2013

Kulim To Take Another 20% Stake in New Britain Palm Oil Ltd (Update)

20/06/2013 (The Star) - Kulim (M) Bhd, which has a 50% stake in palm oil manufacturer New Britain Palm Oil Ltd (NBPOL), is planning to make an announcement today for a conditional partial offer to raise its stake by another 20%.

MARKET DEVELOPMENT  
  20-06-2013

Palm Oil Declines From Three-Month High as Gains Seen Overdone

20/06/2013 (Bloomberg) - Palm oil fell for the first time in four days on speculation that a rally to the highest level in almost three months was overdone.

MARKET DEVELOPMENT  
  20-06-2013

Malaysia Aims To Become Bioenergy Hub With New Joint Venture

20/06/2013 (BioEnergy News) - According to local news reports, five plantation companies in Malaysia have signed a biomass joint venture cluster agreement to benefit the state of Sabah.

MARKET DEVELOPMENT  
  20-06-2013

Singapore Voices Concern to Indonesia Over Worst Smog Since 1997

20/06/2013 (Bloomberg) - Singapore expressed “concerns” to Indonesia after forest fires in the Indonesian island of Sumatra enshrouded parts of Malaysia and the city-state, causing its worst smog in 16 years.

MARKET DEVELOPMENT  
  20-06-2013

Singapore Smog Reaches ‘Hazardous’ All-Time High on Fires

20/06/2013 (Bloomberg) - Singapore’s smog level reached an all-time high yesterday evening, prompting the government to unveil plans to use satellite imagery to identify companies involved in forest burning on the Indonesian island of Sumatra.

MARKET DEVELOPMENT  
  20-06-2013

Rotterdam Vegetable Oil Prices

20/06/2013 (Business Recorder) - Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

MARKET DEVELOPMENT  
  20-06-2013

Edible Oil Subsidy Scheme May Be Reviewed For Partial Deregulation

20/06/2013 (Business Standard) - The ministry of food may start a review of the edible oil subsidy scheme under the public distribution system for a partial deregulation. As per the subsidy scheme, states are subsidised for distribution of edible oil at Rs 15 per kg under PDS. The scheme is to end in September 2013 .

MARKET DEVELOPMENT  
  20-06-2013

Over Concentration of Gas Is The Biggest Problem of Nigeria-Uba

20/06/2013 (SpyGhana.com) - An agricultural scientist, Chidi Uba, has urged the Federal Government to invest in palm produce to diversify the economy through exports.

MARKET DEVELOPMENT  
  20-06-2013

India\'s PEC Tenders to Import 12,000 T RBD Palmolein

20/06/2013 (Reuters) - India's PEC Ltd issued a tender to import 12,000 tonnes of refined, bleached and deodorised (RBD) palmolein for shipment between June 25 and July 31.

MARKET DEVELOPMENT  
  20-06-2013

Analysis: Plantations sector: Still standing

20/06/2013 (Jakarta Post) - The Indonesian market recently experienced a 12 percent pullback from its recent peak ( May 20-June 13) on several factors, such as scaled-back quantitative easing (QE), weakness of the rupiah weakness and higher interest rates.

MARKET DEVELOPMENT  
  19-06-2013

VEGOILS-Palm Oil Rises To Near 3-Month High on Ramadan Demand

19/06/2013 (Reuters) - Malaysian palm oil futures rose to near three-month highs on Tuesday as demand for the tropical oil spiked ahead of a Muslim holy festival, raising investors' expectations that stocks in the No.2 producer will ease.