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MARKET DEVELOPMENT
28-07-2012

VEGOILS-Palm Oil Gains on ECB Comments, Posts Weekly Loss

28/07/2012 (Reuters) - Malaysian crude palm oil bounced up on Friday from a five-week low hit the previous day after the European Central Bank pledged to protect the euro zone in comments that helped risk assets.

MARKET DEVELOPMENT
28-07-2012

Palm Oil Trims Third Weekly Loss on Stimulus Bets, Europe Pledge

28/07/2012 (Bloomberg) - Palm oil advanced, paring a third weekly decline, on speculation that central banks will act to spur economic growth, increasing demand for commodities.

MARKET DEVELOPMENT
28-07-2012

Palm Oil Imports Will Ease Supply Problem

28/07/2012 (Bangkok Post) - The National Palm Oil Policy Committee has agreed to import 30,000 tonnes of crude palm olein (CPO) to solve supply issues that could lead to price increases for the cooking product.

MARKET DEVELOPMENT
28-07-2012

LCDA, Samling To Develop 80,000 Hectare Oil Palm Plantations In Baram, Belaga

28/07/2012 (Bernama) - Some 80,000 hectares of land in Baram and Belaga districts will be developed into oil palm plantations following a joint-venture agreement signed between the state Land Consolidation and Development Authority (LCDA) and private developer Samling Oil Palm Sdn Bhd and Samling Properties Sdn Bhd here Friday.

MARKET DEVELOPMENT
28-07-2012

Kim Loong Eyes Boost To Downstream Business With RM10 Million R&D Investment

28/07/2012 (Bernama) - Plantation company, Kim Loong Resources Bhd, has allocated about RM10 million for research and development (R&D) to drive its downstream business forward.

MARKET DEVELOPMENT
28-07-2012

Global Demand for Palm Oil Intact

28/07/2012 (Jakarta Post) - Global demand for Indonesian palm oil grew at a steady rate in the first half of this year, as shown by an 8 percent growth in export volume to 7.91 million metric tons, easing off fears that the price of the commodity would continue to slump amid weakening global demand.

MARKET DEVELOPMENT
28-07-2012

Ecobank Syndicates $228M Credit for Olam Gabon Unit

28/07/2012 (Ghana Business News) - Ecobank Capital, the investment banking arm of Ecobank, on July 25, 2012, announced it has successfully raised, in FCFA and Euro equivalent, the sum of $228 million required to close the first tranche of a loan syndication on behalf of Olam Palm Gabon (OPG), a joint venture between Olam International and the Gabon government.

MARKET DEVELOPMENT
28-07-2012

Kim Loong Set to Launch Health Product After 8 Years of R&D

28/07/2012 (The Star) - Plantation group Kim Loong Resources Bhd expects to launch its tocotrienol health supplement brand called E-life Gold by year-end.

MARKET DEVELOPMENT
28-07-2012

Mixed Trend in Edible Oils

28/07/2012 (Hindu Business Times) - Imported Palmolein and soyabean refined oil decline by Rs.7 and Rs.5 each on Friday on increase selling pressure and need based demand despite higher closing of Malaysian market. Groundnut oil rose by Rs.15 for 10 kgs In Mumbai tracking jump of Rs.70 for Telia tin in Saurashtra in last two days. Sunflower oil drops by Rs.5. Cotton and Rapeseed oil rule steady.

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