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MARKET DEVELOPMENT
22-02-2013

WWF Attacks Asian Palm Oil; Supported by Indian Domestic Oilseed Interests

22/02/2013 (PR Newswire) - WWF has initiated a campaign attacking palm oil imports from South-East Asia into India, claiming that palm oil is a key driver of deforestation, and Indian imports of the commodity are driving biodiversity loss and greenhouse gas emissions through peat burning. The claims are either gross exaggerations or false. Meanwhile the foreword of the report was written by a businessman with commercial interests in domestic palm oil production, suggesting protectionist intentions.

MARKET DEVELOPMENT
22-02-2013

IOI Q2 Net Profit Down 8%, Warns of Challenges

22/02/2013 (Sunday Daily) - Plantation firm IOI Corp Bhd, which saw its second-quarter net profit and revenue slip on lower contributions from its plantation segment, warned that this segment continues to face challenges on manpower constraints, higher labour costs arising from the implementation of minimum wage and prevailing lower crude palm oil (CPO) prices.

MARKET DEVELOPMENT
22-02-2013

Wilmar, Noble in Joint Venture for Indonesia Palm-Oil Production

22/01/2013 (Dow Jones Newswires) - Wilmar International Ltd. (F34.SG) and Noble Group Ltd. (N21.SG) Friday announced a joint venture that will produce palm oil and its by-products in Indonesia.

MARKET DEVELOPMENT
22-02-2013

American Consumers to Fight Global Warming with Their Wallets (Press Release)

22/02/2013 (SB Wire) - A new group calling itself Consumerâ€™s Action for Sustainable Palm Oil is urging Americans to fight global warming and wildlife extinction by supporting their push for the responsible use of sustainably produced palm oil products.

MARKET DEVELOPMENT
21-02-2013

VEGOILS-Palm Edges Down in Choppy Trade; Demand Worries Weigh

21/02/2013 (Reuters) - Malaysian palm oil futures edged down in choppy trade on Wednesday, as dismal export data offset optimism that demand could get a boost if dry Latin American weather dents supply of rival soyoil.

MARKET DEVELOPMENT
21-02-2013

Palm Imports by China Climbing as Quarantine Concern Eases

21/02/2013 (Bloomberg) - Palm oil imports by China, the biggest cooking oil consumer, may jump 14 percent in February on optimism stricter quarantine inspections wonâ€™t hurt trade.

MARKET DEVELOPMENT
21-02-2013

India Should Protect Interests of Local Edible Oil Industry: Dinesh Shahra

21/02/2013 (Business Standard) - Despite weakening sentiment in edible oil industry, Ruchi Soya Industries posted 105% growth in its third quarter profit. The company improved focus on branded products and set up footprints in West Bengal which yielded more profit margins, a mantra the company would continue in future as well, says Dinesh Shahra, Managing Director, of the company in an interview with Dilip Kumar Jha. Edited excerpts:

MARKET DEVELOPMENT
21-02-2013

We Welcome an Investigation

21/02/2013 (Manila Standard Today) - This refers to Rep. Danilo Suarezâ€™s article entitled â€œA Mystery in the Coconut Industryâ€ in his February 5 column and Christine Herreraâ€™s news story entitled â€œCoco Levy Fund Used to Import Palm Oilâ€ that came out on February 18.

MARKET DEVELOPMENT
21-02-2013

Equatorial Palm Oil Raises Â£0.83M From Broadcourt

21/02/2013 (StockMarketWire.com) - Equatorial Palm Oil said Broadcourt Investments has subscribed for 6.9 million shares at 12p each, a total of Â£0.83 million, the funds being used for a loan to its Liberian Palm Developments JV.

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