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CPO prices to consolidate at RM4,000 to RM4,300
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Palm Oil Firm Sampoerna Agro Eyes $53m Expansion Push
02/06/2012 (Jakarta Globe) - Sampoerna Agro, the palm oil plantation company owned by the Sampoerna family, plans to add another 5,000 to 10,000 hectares of cultivated area, according to the company’s head of investor relations, Michael Kesuma.
Indonesia Suffers First Trade Deficit Since July 2010
02/06/2012 (Jakarta Post) - The Central Statistics Agency (BPS) reports that Indonesia’s trade balance suffered US$641.1 million worth of deficit in April 2012, the first since July 2010.
Palm Oil Tax \'Unconstitutional\', Rules Court
02/05/2012 (New Straits Times) - The Court of Appeal has declared as unconstitutional the decision by the plantation industries and commodities minister to impose tax on selected palm oil plantation companies.
Indonesia’s Kharisma Sells 8,500 Tons of Palm Oil
02/06/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 8,500 metric tons of 11,000 tons of the commodity it offered at an auction in Jakarta.
Activity At Karachi And Qasim Ports
02/06/2012 (Business Recorder) - The Karachi Port handled 70,761 tonnes of cargo comprising 52,985 tonnes of import cargo and 17,776 tonnes of export cargo including 3,274 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 52,985 tonnes comprised of 28,348 tonnes of containerised cargo; 7,937 tonnes of general cargo; 15,000 tonnes of coal and 1,700 tonnes of oil/liquid cargo.
Commerce Ministry: Inflation hits 2.53% on higher food prices
02/06/2012 (Bangkok Post) - Pressure from rising prices of cooked food and fresh produce pushed up May inflation 2.53% year-on-year, says the Commerce Ministry.
VEGOILS-Palm Falls, Biggest Monthly Loss Since Sept 2009
01/06/2012 (Reuters) - Malaysian palm oil futures slipped to near a one-week low on Thursday and notched their biggest monthly loss since September 2009 as they tracked a wide sell-off in commodities due to worries over the effect of the euro zone debt crisis on the global economy.
Govt Has A Strong Case To Hike Tariff Value For Vegoils Import
01/06/2012 (Hindu Business Line) - India's $16-billion vegetable oil industry is agog with rumours of an imminent increase in customs duty on imported vegetable oils. For over a year now, industry and trade associations have been flooding the Government with numerous representations to raise the customs duty on imports or to at least revise the tariff value of refined palmolein upwards to reflect market conditions; but policymakers have remained unmoved.
Kao Kashima Plant Receives RSPO SCCS Certification for Sustainable Palm Oil Procurement (Press Release)
01/06/2012 (WorldPressOnline) - Kao Corporation (President and CEO: Motoki Ozaki) is pleased to announce that its Kashima Plant passed the requisite screening and was recognized RSPO*1 SCCS*2 certification in March 2012, which certifies that the plant is capable of producing, processing, and marketing products that use sustainable palm oil.
