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MARKET DEVELOPMENT
16-11-2012

Bullish Trend Continues in Edible Oils

16/11/2012 (Hindu Business Line) - The bullish trend continued in edible oils market on Thursday, tracking firm futures markets and signs of recovery.

MARKET DEVELOPMENT
16-11-2012

HwangDBS Expects Higher Exports To Drive Near-term CPO Price Recovery

16/11/2012 (Bernama) - Palm oil prices are expected to recover in the near term to between RM2,600 and 2,800 per metric tonne, driven by higher exports.

MARKET DEVELOPMENT
16-11-2012

French Senate Approves Tax Amendment That Would Quadruple Tax on Palm Oil

16/11/2012 (The Star) - The French senate approved on Wednesday the so-called Nutella amendment that would quadruple the tax on palm oil, a key ingredient in the chocolate spread, to discourage consumption of the oil rich in saturated fat.

MARKET DEVELOPMENT
16-11-2012

â€˜Herd Mentalityâ€™ Increases Volatility in Commodity Market

16/11/2012 (Borneo Post) -The financialisation of the commodity market is generally beneficial as it provides a means for the transfer of price risks from hedgers to speculators.

MARKET DEVELOPMENT
16-11-2012

Economic Rivalry Behind Franceâ€™s Tax Increase on Palm Oil, Claims Masing

16/11/2012 (The Star) - Land Development Minister Tan Sri Dr James Masing has claimed that the French legislatureâ€™s proposal to increase tax on palm oil by 300% was influenced by economic rivalry, and not by health issues.

MARKET DEVELOPMENT
14-11-2012

Council: Daudignyâ€™s Proposal Shows Ignorance About Palm Oil

14/11/2012 (The Star) - The Malaysian Palm Oil Council has slammed a French legislatureâ€™s proposal to increase tax on palm oil by 300%.

MARKET DEVELOPMENT
14-11-2012

Palm Oil Production in Nigeria and Ghana To Increase on Back of Demand For Personal Care Products

14/11/2012 (CosmeticsDesign-Europe.com) - Growing demand for personal care products in Ghana and Nigeria is triggering increased demand by local manufacturers for crude palm oil, according to a new report from market research company Frost & Sullivan.

MARKET DEVELOPMENT
14-11-2012

POIC Sabah Focus on Downstream To Assist SMEs

14/11/2012 (Daily Express) - The Palm Oil Industry Cluster (POIC) Sabah's strategies will focus on promoting downstream activities to assist Small Medium Enterprises (SMEs).

MARKET DEVELOPMENT
14-11-2012

Firm Creates 20,000 Jobs in Câ€™ River

14/11/2012 (The Punch) - A Singaporean firm, Wilmar International, has inaugurated a 50,000 hectare ultra-oil palm plantations capable of employing over 20,000 workers.

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