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MARKET DEVELOPMENT
28-02-2013

Sime Darby Blames Palm Oil Slump for 36 Percent Slide in Profit

28/02/2013 (Bloomberg) - Sime (SIME) Darby Bhd., the worldâ€™s biggest listed palm-oil producer, reported a 36 percent drop in second- quarter profit as prices of the commodity slid last year.

MARKET DEVELOPMENT
28-02-2013

MALAYSIA PRESS-Felda Global Evaluating 12 Potential Asset Buys-The Edge

28/02/2013 (Reuters) - Felda Global Ventures Holdings Bhd, which posted a 39 percent drop in net profit for the financial year ended December 31 (FY12), is evaluating at least 12 potential acquisitions that could help boost future earnings.

MARKET DEVELOPMENT
28-02-2013

New Britain Palm Oil Doubles Liverpool Refinery Capacity

28/02/2013 (Liverpool Daily Post) - A palm oil producer is doubling capacity at its Bootle refinery plant, it revealed today.

MARKET DEVELOPMENT
28-02-2013

Govt Raises CPO Export Duty

28/02/2013 (TEMPO Interactive) - The Trade Ministry has raised the tax on crude palm oil (CPO) export to 10.5 percent from 9 percent previously following a surge of international market prices of the commodity.

MARKET DEVELOPMENT
28-02-2013

CPO Tax Encourages Downstreaming: Trade Minister

28/02/2013 (TEMPO Interactive) - The government has rejected calls to reduce the export tax rate on crude palm oil (CPO) regardless of a lower rate imposed by Malaysia, the world\'s second largest exporter of the commodity after Indonesia.

MARKET DEVELOPMENT
28-02-2013

Palm Oil Import Falls 16.16Pc in Seven Months

28/07/2013 (Pakistan Observer) - Edible oil import in the country during the first seven months of current financial year registered decreasing trend as import of palm oil slipped by 16.16 percent as compared to the same period of last Fiscal Year. According to the data of Pakistan Bureau of Statistics (PBS) palm oil import in the country during July-January, 2012-13 stood at 125,729 metric tons valuing US$ 46.68 million which was recorded at 1,275,921 metric tons in same period of last year.

MARKET DEVELOPMENT
28-02-2013

Cooking Oil Imports May Touch Record As Demand Surges, Says Adani Wilmar

28/02/2013 (India Times) - Cooking oil imports by India, the world\'s biggest palm oil buyer, will probably climb to a record this year as demand outstrips supplies, said Adani Wilmar Ltd. Purchases in the year through October are set to exceed the 9.98 million tonne in 2011-2012, according to Atul Chaturvedi, chief executive officer of the country\'s second- biggest importer.

MARKET DEVELOPMENT
27-02-2013

Felda Global Ventures Full-Year 2012 Profit Hits RM1.13 Billion

27/02/2013 (Bernama) - Felda Global Ventures Holdings Bhd (FGV) full-year profit before tax for financial year ended Dec 31, 2012 after fair value changes in Land Lease Agreement (LLA) liability hits RM1.126 billion.

MARKET DEVELOPMENT
27-02-2013

MPOB Approves 2,432 Applications From Smallholders To Start Oil Palm Planting In Sabah

27/02/2013 (Bernama) - The Malaysian Palm Oil Board (MPOB) has approved 2,432 applications from smallholders for the planting of new oil palm (TBSPK) in Sabah involving a total area of 8,439.58 hectares.

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