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MARKET DEVELOPMENT
12-05-2012

Palm Oil Drops by Most in Five Months as Malaysian Exports Fall

12/05/2012 (Bloomberg) - Palm oil declined by the most in almost five months, for a second weekly loss, after estimates showed that Malaysian exports fell and as concern Europeâ€™s debt crisis may worsen damped demand for commodities.

MARKET DEVELOPMENT
12-05-2012

VEGOILS-Palm Falls To 9-Week Low on Demand Concerns

12/05/2012 (Reuters) - Malaysian palm oil futures slipped to a 9-week low on Friday before ending more than 2 percent lower as political uncertainty in the euro zone and weak industrial production data in China weighed on the demand outlook for the edible oil.

MARKET DEVELOPMENT
12-05-2012

Golden Agri Net Falls on Lower Palm-Oil Prices, Higher Costs

12/05/2012 (Bloomberg) - Golden Agri-Resources Ltd. (GGR), the worldâ€™s second-largest oil-palm planter, said first-quarter profit fell 30 percent as prices of the tropical oil used in food and fuel declined and fertilizer costs surged.

MARKET DEVELOPMENT
12-05-2012

Mixed Views on Plantation Sector

12/05/2012 (The Star) - Analysts are mixed on the outlook of the local plantation sector but expect crude palm oil (CPO) price to rebound in the second quarter of this year on slower output growth and further downgrades in the South American soybean crops.

MARKET DEVELOPMENT
12-05-2012

New Frontiers

12/05/2012 (The Star) - THE global expansion move by many oil palm plantation players in Malaysia is inevitable, particularly in sourcing new landbank and export markets, as the local industry needs to take advantage of the continued strong worldwide demand for palm oil on the back of a supply-constraint environment.

MARKET DEVELOPMENT
12-05-2012

Ivory Coast\'s Sifca Looks To Central Africa

12/05/2012 (Reuters) - Ivory Coast agro-industry group Sifca is looking to set up rubber and palm oil plantations in central Africa to boost output and is also eyeing rice production at home, the company's chairman said on Friday.

MARKET DEVELOPMENT
12-05-2012

Low Graded Palm Oil Sold As Soya Bean Oil in Bangladesh

12/05/2012 (Weeklyblitz) - Edible oil sellers in Bangladesh are largely cheating the customers by selling used Palm Oil as refined Soya Bean oil, which are imported from countries like Malaysia and Indonesia. Though used palm oil in harmful to human health, the racket of unscrupulous importers and bottlers of edible oil in Bangladesh are following the wrong practice of importing used palm oil as well as GMO palm oil in Bangladesh and selling it in the name of refined soya bean oil. Sources at Chittagong sea port customs told Weekly Blitz that during past 3 years, the total import volume of refined soya bean oil was only 91,000 metric tons, while import of palm oil, mostly from Malaysia and Indonesia was above 3 million tons. Bangladesh annually consumes approximately 2.4 million tons of edible oil, while more than sixty percent of the total requirement is imported from abroad.

MARKET DEVELOPMENT
12-05-2012

Vegetable Oil Imports Jump 95% To 7.27L Tonne in April

12/05/2012 (Financial Express) - Indiaâ€™s vegetable oil imports jumped by 95% to 7.27 lakh tonnes in April 2012 against 4.35 lakh tonnes in the year-ago period, according to industry data released on Friday.

MARKET DEVELOPMENT
12-05-2012

Oil Palm Tree Stress Buoys CPO Prices on Resilient Global Demand

12/05/2012 (Borneo Post) - A worse than expected biological stress on oil palm trees has caused a production decline in crude palm oil (CPO), keeping prices aloft as worldwide demand for the commodity generally remains resilient as ever.

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