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MARKET DEVELOPMENT
05-05-2017

VEGOILS-Market Factors to Watch May 5

05/05/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

MARKET DEVELOPMENT
05-05-2017

Oil Palm Developing East New Britain, Says Governor Tobaining

04/05/2017 (EMTV Online) - Sitting East New Britian Governor Ereman Tobaining Jnr says the oil palm industry is adding value to the development of the province. Amidst its challenges, Governor Tobaining says people are realising the spin-offs that come with supporting such an industry.

MARKET DEVELOPMENT
05-05-2017

Mixed Trend in Edible Oils

05/05/2017 (Hindu Business Line) - Oil prices in Indore mandis showed a mixed trend with soy and groundnut oil trading higher on improved demand and global cues, while palm and cotton oil traded lower on weak buying.

MARKET DEVELOPMENT
05-05-2017

Sierra Leone News : Palm Oil Production to be Increased, as 709 Acres to be Cultivated in Tonkolili

05/05/2017 (Awareness Times) - In its effort to revamp palm oil production in Sierra Leone, the Smallholder Commercialization Programme-Global Agriculture Food Security Programme is implementing a direct Tree crop Support project that is aim at supporting three thousand farmers in its nine operational districts across Sierra Leone.

MARKET DEVELOPMENT
05-05-2017

Crude Palm Oil Futures up By 0.41%

05/05/2017 (India.com) - Crude palm oil prices were up by 0.41 per cent to Rs 491 per 10 kg in futures trade today as speculators indulged in enlarging positions, driven by a firm demand at the spot market.

MARKET DEVELOPMENT
05-05-2017

â€œOil Palm is Our New Crude Oilâ€ â€“ Governor Obaseki of Edo

05/05/2017 (News Agency of Nigeria) - Governor Godwin Obaseki has said Edo will rely on palm oil sector in its diversification initiative to grow the economy of the state.

MARKET DEVELOPMENT
05-05-2017

Minister Lauded Asean's Consensus On Palm Oil: A Truly People Oriented Decision

05/05/2017 (Bernama) - On 29th April 2017, the Heads of State/Government of ASEAN Member States gathered for the 30th ASEAN Summit in Manila under the Chairmanship of Republic of Philippines. During the meeting, the Prime Minister of Malaysia, YAB Dato' Sri Mohd Najib bin Tun Abdul Razak had expressed Malaysia's concern over the adoption of the Resolution on Palm Oil and Deforestation of Rainforest by the European Union by the European Parliament on 4th April 2017 which is detriment to the palm oil industries in the region.

MARKET DEVELOPMENT
05-05-2017

Malaysia Committed To Defending Palm Oil Industry

05/05/2017 (Bernama) - Malaysia s contention over the European Parliament s resolution on measures to curb palm oil imports via the ASEAN platform demonstrates the nation s commitment in defending the palm oil industry from continuous slanders from various entities.

MARKET DEVELOPMENT
05-05-2017

Govâ€™t Assesses Palm Oil Production to Curb Fraud

05/05/2017 (Journal du Cameroun) - A Committee composed of representatives of the Ministry of Trade, Ministry of Agriculture, Mines and Industries Ministry, the Chamber of Agriculture, Livestock and Fisheries, representatives of producers and processors, traveled to production centres in the Littoral, West and South West regions in a bid to step up reorganization of the local palm oil trade. The marketing of palm oil in the country is faced with challenges caused by imported refined vegetable oils, some of which do not conform with national technical regulations.

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