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MARKET DEVELOPMENT
01-06-2017

CPO Price To Trade Between RM2,600-RM2,800 In The Next Six Months

01/06/2017 (Bernama) - Sime Darby Bhd is expecting crude palm oil (CPO) prices to trade between RM2,600 and RM2,800 in the next six months, said President and Group Chief Executive Tan Sri Mohd Bakke Salleh.

MARKET DEVELOPMENT
01-06-2017

FGV Trims Losses To RM31.66 Million, Revenue Up 15 Per Cent To RM4.32 Billion In 1Q17

01/06/2017 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) reported a smaller pre-tax loss of RM31.66 million in the first quarter ended March 31, 2017 compared with a pre-tax loss of RM82.193 million recorded in the same period last year.

MARKET DEVELOPMENT
01-06-2017

Sime Darby Pre Tax Profit, Revenue Rises In Third Quarter

01/06/2017 (Bernama) - Sime Darby Bhd's pre-tax profit jumped to RM1.01 billion in the third quarter ended March 31, 2017 from RM791.0 million recorded in the same period last year, due to improved contributions from the plantations, industrial and motor divisions.

MARKET DEVELOPMENT
01-06-2017

Rotterdam Vegetable Oil Prices

01/06/2017 (Reuters) - The following were Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

MARKET DEVELOPMENT
01-06-2017

20,000 Hectares Allotted For Palm Oil Farming in East Godavari

01/06/2017 (The Hans India) - With 95 per cent consumption among the common people, the palm oil had been termed as most sought after edible oil price-wise also. It may be mentioned that about 90 per cent of present requirement was being met in the form of imports from Malaysia and African countries. As far as Andhra Pradesh was concerned, Kakinada port, along with Krishnapatnam port, was catering to the needs of palm oil import.

MARKET DEVELOPMENT
01-06-2017

Shipping Activity At Port Qasim

01/06/2017 (APP) - Five ships C.V UASC Al-Khor, C.V Maersk Kensington, C.V NYK Furano, M.V Santa Virginia and M.T Spruce-2 carrying containers, 23,163 tonnes Coal and 55,724 tonnes Diesel oil were arranged berthing at Qasim International Container Terminal, Multi Purpose Terminal and FOTCO Oil Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Wednesday.

MARKET DEVELOPMENT
01-06-2017

Nordic Investment in Indonesia, Singapore Linked to Deforestation: Report

01/06/2017 (Jakarta Globe) - While Nordic countries are on the forefront of global environmental initiatives, their asset managers have invested more than $2 billion in six Indonesian and Singaporean banks that finance environmentally damaging palm oil companies, says a report released by Rainforest Foundation Norway, AidEnvironment Asia and Fair Finance Guide Sweden on Tuesday (30/05).

MARKET DEVELOPMENT
01-06-2017

CBIP to Build Palm Oil Mill in Central Kalimantan For RM39 Mil

01/06/2017 (The Edge) - CB Industrial Products Holdings Bhd (CBIP) announced that its 94%-owned subsidiary PT Berkala Maju Bersama will be constructing one unit of Continuous Sterilisation Palm Oil Mill at Manuhing in Central Kalimantan, Indonesia, at a cost of RM39.42 million.

MARKET DEVELOPMENT
01-06-2017

Reasons Why Vegetable Oil is Beneficial

01/06/2017 (Outlook India) - Vegetable oils, derived from plant sources, play a vital role in providing nutrition.

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