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MARKET DEVELOPMENT
25-05-2012

Sarawak Not Ready For Minimum Wage, Says Ta Ann CEO

25/05/2012 (Bernama) - Sarawak's oil palm and timber sectors are going to be affected by the implementation of the minimum wage policy largely because the two sectors are still very labour intensive, Ta Ann Holdings Bhd chief executive officer Datuk Wong Kuo Hea said Thursday.

MARKET DEVELOPMENT
25-05-2012

Uganda: Govt Intervenes in Buvuma Land Dispute

25/05/2012 (AllAfrica.com) - President Yoweri Museveni has intervened in a land dispute in Buvuma Islands and halted the pending eviction of about 10,000 bibanja [land] holders who had been asked to leave by June 1 to pave way for the Palm Oil Project.

MARKET DEVELOPMENT
25-05-2012

Activity At Karachi And Qasim Ports

25/05/2012 (Business Recorder) - The Karachi Port handled 38,251 tonnes of cargo comprising 11,529 tonnes of import cargo and 26,722 tonnes of export cargo including nil loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 11,529 tonnes comprised of 416 tonnes of general cargo; 1,113 tonnes of bulk cargo: 666 tonnes of palm kernel; 447 tonnes of DAP and 10,000 tonnes of oil/liquid cargo.

MARKET DEVELOPMENT
25-05-2012

Optimise Resources Through Value-added Downstream Operations, Says Musa

25/05/2012 (Bernama) - The Sabah government is aware of the need to optimise resources through value-added downstream operations, says Sabah Chief Minister Datuk Seri Musa Aman.

MARKET DEVELOPMENT
25-05-2012

CPO Gives Sabah Income A Boost, Says Musa Aman

25/05/2012 (Bernama) - Sabah's focus on the booming crude palm oil (CPO) sector is timely as it has now become the main source of income for the state and the nation.

MARKET DEVELOPMENT
25-05-2012

PALMEX Helps Planters, SMI Players Gain Technical Know-how From Overseas

25/05/2012 (Bernama) - The Palm Oil Exhibition 2012 (PALMEX) provides an avenue for local planters and the small and medium industry (SMI) players to gain technical know-how from international players.

MARKET DEVELOPMENT
24-05-2012

Japanâ€™s Palm Oil Imports Seen at Record After Soybeans Rally

24/05/2012 (Bloomberg) - A rally in soybeans is spurring Japan, Asiaâ€™s second-largest buyer, to seek record imports of palm oil, which is displacing soybean oil in margarine to potato chips.

MARKET DEVELOPMENT
24-05-2012

Palm Oil Drops First Time in Five Days on Europe Crisis Concern

24/05/2012 (Bloomberg) - Palm oil declined for the first time in five days on concern that the European debt crisis will worsen, potentially hurting demand for commodities.

MARKET DEVELOPMENT
24-05-2012

Palm Oil Industry Outlook Bright, Says Masing

24/05/2012 (Borneo Post) - The Outlook for the palm oil industry is bright, with international analysts predicting that its price would range between RM3,100 and RM3,840 per tonne this year. Land Development Minister Tan Sri Dr James Masing, in his winding-up speech yesterday, however, said production was expected to decline in the near term due to biological stress on oil palm trees following the bumper harvest last year.

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