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Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
Gapki warns of sharp production losses
El Nino, biodiesel demand support CPO prices despite rising stocks
Unilever May Report Fastest Sales Growth Under Polman’s Tenure
04/08/2011 (Bloomberg) - Unilever may report the fastest quarterly sales growth since Chief Executive Officer Paul Polman took the helm two years ago as the company raises prices to combat soaring raw material costs.
Bankers Committee Identifies Six Areas To Improve Agriculture
04/08/2011 (Vanguard) - The Bankers Committee has identified six areas to improve the agricultural sector through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL). Mr. Ladi Balogun, Managing Director, First City Monument Bank, made this known while addressing newsmen after the Bankers Committee meeting held in Abuja on Tuesday.
Analysis: Maintaining BI Rate Based on Lower Inflation Rate
04/08/2011 (Jakarta Post) - Indonesia’s inflation rate in July surprised us and the market, coming in as it did at 0.67 percent month-on-month (m-m), which was below our estimate of 1.04% m-m and consensus forecast of 0.85 percent m-m. While July’s consumer price index (CPI) is at a six-month high, it fell from June’s level of 5.54 percent year-on-year (y-y) to 4.61 percent y-y (14-month low), partly due to a higher base.
IFC Releases Full Sustainability Framework
04/08/2011 (Bank Information Center) - The IFC's policy updates, approved by the board in May and coming into effect on the first of the upcoming year, have now been released to the public. BIC and partners will be writing an analysis of the gains and gaps in the new policies soon, but we congratulate the IFC on strengthening these vital policies.
Palm Oil Declines on Concern for U.S. Economy Growth Outlook
03/08/2011 (Bloomberg) - Palm oil fell, following the steepest gain in two weeks yesterday, on concern that the U.S. economy is slowing even as lawmakers agreed to raise its debt ceiling.
Kigoma Projects Set To Get Major Boost
03/08/2011 ( The Citizen Daily) - The Citizen Correspondent Dodoma. Various projects in Kigoma Region, including 18 small scale industries involved in oil palm processing, will get assistance soon.The government, through the Small Industries Development Organisation (Sido), and UN development agencies, have earmarked them for this assistance. The agencies include the WFP, UNDP and Unido.
Palm Oil Industrial Cluster To Have Three Ports
03/08/2011 (Borneo Post) - The Palm Oil Industrial Cluster (POIC) here will be equipped with three ports in phases one, two and three.
SOP’s Home Ground Advantage To Propel Growth
03/08/2011 (Borneo Post) - Malaysia’s seventh largest listed plantation company (by planted area), Sarawak Oil Palms Bhd (SOP) is diversifying into downstream manufacturing to capture refining margins and diversify its earnings base from just a pure upstream player.
Economy: Malaysian Company To Invest 150 Billion FCFA In Congo Palm Oil Complex
03/08/2011 (Afrique En Ligne) - Congo palm oil complex - Malaysian oil palm giant, Atami, is to invest 150 billion FCFA in an agro-industrial oil palm complex in Congo that will produce some 900,000 tonnes of palm oil per annum, an official of the Congolese agriculture and livestock ministry told PANA on Monday.
