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MARKET DEVELOPMENT
18-04-2012

VEGOILS-Palm Gains on Tighter Supply; Europe Woes Weigh

18/04/2012 (Reuters) - Malaysian palm oil futures inched up on Tuesday on tightening global oilseed supply, although gains were limited as weaker exports and soaring Spanish borrowing costs weighed on sentiment.

MARKET DEVELOPMENT
18-04-2012

Limited Palm Oil Imports Approved

18/04/2012 (Bangkok Post) - The cabinet has approved a plan to import up to 40,000 tonnes of crude palm olein (CPO), but only a quarter of the total will be allowed initially.

MARKET DEVELOPMENT
18-04-2012

Palm Oil Stocks to Rally, Bumitama, Wilmar, Sime Darby

18/04/2012 (Live Trading News) - Demand for edible oils has been resilient to a slowdown in the global economy, history shows. Consumption of the nine biggest oils gained 3.8 percent in the 2008-09 marketing year as economies grappled with the worst global recession since World War II, USDA data show.

MARKET DEVELOPMENT
18-04-2012

Persafe Engineering Signs MoU for Oil Palm Plantation Joint Venture With Kampung Pundut

18/04/2012 (Borneo Post) - Persafe Engineering Sdn Bhd (Persafe Engineering) and Kampung Pundut in Limbang Division, Sarawak, had successfully signed a Memorandum of Understanding (MoU) for oil palm plantation joint venture.

MARKET DEVELOPMENT
18-04-2012

Wijaya In Talks With Interested Parties To Start Logging In Papua Province

18/04/2012 (Bernama) - Wijaya Baru Global Bhd clarified today that it is negotiating with interested parties to start timber extraction and thereafter plant oil palm in the Papua Province in Indonesia.

MARKET DEVELOPMENT
18-04-2012

Bearish Streak Extends in Edible Oils

18/04/2012 (Hindu Business Line) - Edible oil prices extended their losing streak on Tuesday. The market continued to remain bearish on less-than-expected physical demand despite a bounce-back in Malaysian palm oil. Indigenous groundnut oil, sunflower expeller refined oil and cotton refined oil dropped by Rs 5/10 kg each, while rapeseed/mustard oil were down Rs 10. Imported palmolein lost Rs 2 and soya oil declined by Rs 3 for 10 kgs. Volumes remained thin.

MARKET DEVELOPMENT
18-04-2012

Indonesia to Investigate Forest Concession

18/04/2012 (Jakarta Globe) - The Environment Ministry has said it will launch an investigation into the issuance of a plantation concession inside the Tripa peat swamp forest in Aceh province.

MARKET DEVELOPMENT
18-04-2012

MP Evans Sees Profit for The Year Increase 62%

18/04/2012 (StockMarketWire.com) - MP Evans reports that Group profit for the year amounted to US$39.70 million, a 62% increase over 2010's US$24.45 million.

MARKET DEVELOPMENT
17-04-2012

Drought Draining Reserves of Oils Amid Record Demand

17/04/2012 (Bloomberg) - Demand for edible oils is climbing to a record as drought damages crops across South America, leaving buyers with the smallest stockpiles in three decades.

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