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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
Imports of Sensitive Items Up 41% During Apr—Feb
31/05/2012 (Hindu Business Line) - Imports of sensitive items, including fruits, vegetables and edible oils, went up by 40.9 per cent year—on—year to Rs 92,574 crore during April—February last fiscal.
Malaysia to Launch $3 Billion IPO With Eye on Poll
31/05/2012 (Reuters) - Malaysian Prime Minister Najib Razak will unveil on Thursday the $3 billion listing of palm oil giant Felda Global, paving the way for Asia's largest initial public offering so far this year that could also lift his chances of winning a national election.
Palm Oil Climbs to Highest in Two Weeks on Demand Outlook
30/05/2012 (Bloomberg) - Palm oil climbed for a fourth day to the highest level in two weeks as rising exports from Malaysia, the second-largest producer, signaled a surge in demand ahead of the Muslim fasting month of Ramadan.
VEGOILS-Palm Touches Near 2-Week High as Soybean Eyed
30/05/2012 (Reuters) - Malaysian palm oil futures climbed to a near two-week high on Tuesday as investors cited a rebound from a sell-off on the euro zone debt crisis, while expectations of dry weather conditions in soybean-growing regions in the United States also supported prices.
Indonesia’s Kharisma Sells 11,000 Tons of Palm Oil
30/05/2012 (Bloomberg) - PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 11,000 metric tons of the 12,500 tons it offered at an auction in Jakarta.
Malaysia-Philippines Trade Set To See Steady Growth
30/05/2012 (Bernama) - Bilateral trade and investment numbers between Malaysia and the Philippines are expected to grow steadily as both nations embark on new areas of collaborations such as in the halal industry.
Astra Agro Sells 9,000 Tons of Palm Oil in Auction
30/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 9,000 metric tons of palm oil it offered at an auction in Jakarta.
IOI Corp Casts Its Eyes to Indonesia for Oil Palm Estates
30/05/2012 (Jakarta Globe) - IOI Corp., which now has 3 billion ringgit ($951 million) in cash reserves, is on the prowl to acquire more oil palm estates in Indonesia.
Bakrie Group to Invest Up To $1b In Nigeria
30/05/2012 (Jakarta Post) - One of Indonesia’s leading conglomerates, the Bakrie Group, is planning to invest up to US$1 billion in Nigeria within the next five years through a joint venture company formed with British-Nigerian entrepreneur Ladi Delano.
