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MARKET DEVELOPMENT
08-06-2017

Shipping Activity at Port Qasim

08/06/2017 (Pakistan Observer) - Six ships C.V Maersk Detroit, C.V X-Press Kailash, C.V MSC Tomoko, M.V Nord Destiny, M.T SC Guang Zhou and M.T Beech Galaxy carrying containers, Soya Bean, Palm oil and Chemicals were arrange berthing at Qasim International Container Terminal, Grain & Fertilizer Terminal, Liquid Cargo Terminal and Engro Vopak Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Wednesday.

MARKET DEVELOPMENT
08-06-2017

Idris to Look Into Impasse

08/06/2017 (The Star) - Former PemanÂdu CEO Datuk Seri Idris Jala has been appointed as an independent party to probe and give recommendations on the boardroom tussle at Felda Global Ventures Holdings Bhd (FGV).

MARKET DEVELOPMENT
08-06-2017

RAM Maintains CPO Price Forecast at RM2,300 to RM2,500 For 1Q17

08/06/2017 (Borneo Post) - RAM Ratings maintains its average full-year crdue palm oil price forecast between RM2,300 to RM2,500 per metric tonne (MT) despite stronger-than-expected prices in the first quarter of 2017 (1Q17).

MARKET DEVELOPMENT
08-06-2017

Crude Palm Oil Futures Up 0.27% on Spot Demand

08/06/2017 (Business Standard) - Crude palm oil prices were up by 0.27 per cent to Rs 487.90 per 10 kg in futures trade today as speculators indulged in enlarging positions, driven by a firm demand at the spot market.

MARKET DEVELOPMENT
08-06-2017

Mustard, Cottonseed Oils up on Retailers Demand

08/06/2017 (Outlook India) - Prices of mustard and cottonseed oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today following uptick in demand from retailers.

MARKET DEVELOPMENT
08-06-2017

Malaysia Palm Oil Stockpiles Dip as Exports Surge: Survey

08/06/2017 (Reuters) - Palm oil stockpiles in world No.2 producer Malaysia likely dipped in May from the month before, driven by robust appetite in key buyers such as India and Pakistan ahead of Islam's holy month of Ramadan, according to a Reuters poll.

MARKET DEVELOPMENT
08-06-2017

OPDPA Continues Its Support to Oil Palm Farmers; Appreciates Govt.'s Proposal Under NMOOP Scheme

08/06/2017 (Asian News International) - Lauding the government's move on extending further assistance to Oil Palm growers under the NMOOP Scheme, Oil Palm Developers and Processors Association (OPDPA) on Monday announced the proposal of extending assistance for more than 25 ha area per farmer and revision in assistance for oil palm plantations.

MARKET DEVELOPMENT
08-06-2017

Malaysian Anti-Graft Body to Probe Corruption Claims at Felda Global Ventures

08/06/2017 (Reuters) - A management crisis at Malaysia's Felda Global Ventures Holdings (FGV) deepened on Wednesday with the national anti-graft agency saying it will soon investigate several company officials for alleged corruption and abuse of power.

MARKET DEVELOPMENT
08-06-2017

21 Percent of Palm Oil Now Responsibly Sourced

08/06/2017 (Triple Pundit) - According to the Roundtable on Sustainable Palm Oil (RSPO), almost 12 million tons, or 21 percent of the global supply of palm oil, is now certified as responsible and sustainable. According to SCS Global Services, a certification and auditing firm, several factors are behind the growth of sustainably sourced palm oil, including increased consumer demand and government regulations. Earlier this spring, for example, the European Union suggested a ban on the imports of palm oil for biofuel. In addition, more food companies are committing to ending deforestation within their supply chains, which helps drive up demand for RSPO-certified palm oil.

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