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MARKET DEVELOPMENT  
  08-08-2012

Alliance Research Expects Kim Loong 2013 Earnings To Be Lower

08/08/2012 (Bernama) - Kim Loong Resources Bhd's (KIML) earnings for 2013 is expected to be lower, year-on-year, (YoY) given the company's current poor production, a research house said today.

MARKET DEVELOPMENT  
  08-08-2012

VEGOILS-Palm Oil Falls To 1-Week Low, Data Eyed

08/08/2012 (Reuters) - Malaysian crude palm oil touched its lowest in more than a week on Tuesday, as traders priced in wetter weather in the U.S. Midwest that eased concerns about further damage to new-crop oilseed supplies.

MARKET DEVELOPMENT  
  08-08-2012

Bangladesh To Tender For 20,000 T of Palm Oil To Stabilise Market

08/08/2012 (Reuters) - State buyer Trading Corporation of Bangladesh will import 20,000 tonnes of refined palm olein annually through an international tender, in an attempt to keep domestic prices more stable, its chairman said on Tuesday.

MARKET DEVELOPMENT  
  08-08-2012

No Common Ground Yet on Palm Oil Tax Issue

08/08/2012 (The Malaysian Reserve) - Despite negotiations with Indonesian authorities on a common tax structure for palm oil exports, no common ground has been struck yet, said Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok yesterday.

MARKET DEVELOPMENT  
  08-08-2012

Subur Tiasa in Palm JV And Will Develop Land in Sarawak

08/08/2012 (The Star) - Subur Tiasa Holdings Bhd's wholly owned subsidiary, Victory Round Sdn Bhd, has entered into an agreement with Pelita Holdings Sdn Bhd.

MARKET DEVELOPMENT  
  08-08-2012

Ex-Agriculture Minister Invests in Oil Palm Plantation Boosts Lowland Rice Production in White Plains, Todee

08/08/2012 (Liberian Daily Observer) - Liberia’s former Agriculture Minister Dr. J. Chris Toe has invested on a little over 200 acres of land with the purpose of planting oil palms and producing variety of oil for both domestic use and export in about five to six years.

MARKET DEVELOPMENT  
  08-08-2012

China Operational Woes Pull PPB Shares Down To 2009 Lows

08/08/2012 (The Star) - PPB Group Bhd shares have fallen to its 2009 lows, likely a reflection of the troubles brewing at the China operations of its 18.3%-owned unit Wilmar International Ltd, analysts said.

MARKET DEVELOPMENT  
  08-08-2012

Palm Oil to Drop on Weak Demand, Stockpiles, TransGraph Says

08/08/2012 (Bloomberg) - Palm oil may decline as much as 14 percent to the lowest level in two years by end-September or early October as global economic concerns reduce demand, said Hyderabad, India-based TransGraph Consulting Pvt.

MARKET DEVELOPMENT  
  08-08-2012

Plantation Permits Approved for 300,00 Forest Hectares So Far in 2012

08/08/2012 (Jakarta Globe) - The Forestry Ministry has so far this year issued permits to convert more than 300,000 hectares of forest into plantations, an official said on Tuesday.

MARKET DEVELOPMENT  
  08-08-2012

India\'s PEC Tenders To Import 3,000-6,000 T Crude Palm Oil

08/08/2012 (Reuters) - Indian state trading company PEC Ltd has tendered to import 3,000-6,000 tonnes of Indonesian or Malaysian crude palm oil (CPO) between Aug. 15-22, at the Haldia port in eastern India.

MARKET DEVELOPMENT  
  08-08-2012

Palm Oil Drops to One-Week Low as Malaysian Stockpiles Expand

08/08/2012 (Bloomberg) - Palm oil fell to the lowest level in more than a week on speculation that stockpiles in Malaysia, the second-largest grower, may increase amid a seasonal jump in production and drop in exports.

MARKET DEVELOPMENT  
  08-08-2012

Malaysia\'s Total Trade Up 4.6 Per Cent In June, Says MITI

08/08/2012 (Bernama) - Malaysia's total trade in June rose 4.6 per cent to RM112.75 billion, the Ministry of International Trade and Industry (MITI) says today.