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MARKET DEVELOPMENT
12-06-2014

BWPT Plans Three New Facilities

12/06/2014 (Jakarta Post) - Palm oil firm BW Plantation (BWPT) said on Tuesday it needed to increase its palm oil processing capacity from 230 to 350 tons per hour, prompting the company to build three more facilities before 2020.

MARKET DEVELOPMENT
12-06-2014

Imported Edible Oils Fall Ahead of US Data

12/06/2014 (Hindu Business Line) - Imported palmolein and soya oil were under pressure towards the end of trade on Wednesday on fears that the USDA could come up with a bearish data later in the day. On Bombay Commodity Exchange palmolein dropped by â‚¹2 for 10 kg and groundnut oil erased previous dayâ€™s gain of â‚¹10. Soya and sunflower oil ruled steady. Cotton and rapeseed oil increased by â‚¹9 and â‚¹8 each.

MARKET DEVELOPMENT
12-06-2014

Palm Oil Inventory Set to Rise, Demand Buoyed by Food Sector

12/06/2014 (Borneo Post) - Palm oil inventory is expected to increase by five per cent to 1.93 million metric tonnes, while demand has been viewed as sustainable, driven by positive indicators in the food sector.

MARKET DEVELOPMENT
12-06-2014

RI Proposal to Merge Palm Oil Certifications Gets Warm Welcome

12/06/2014 (Jakarta Post) - Oil palm growers operating in Indonesia may pay less for sustainability certification as the government is proposing to merge its standard with one from the multi-stakeholder forum Roundtable on Sustainable Palm Oil (RSPO).

MARKET DEVELOPMENT
12-06-2014

Shareholders Approve Okomuâ€™s N2.5bn Expansion Plan

12/06/2014 (The Punch) - Shareholders of Okomu Oil Palm Company Plc on Wednesday approved the proposal of the management for the expansion of its current oil mill from 30 tonnes per hour to 60 tonnes per hour.

MARKET DEVELOPMENT
12-06-2014

Activity at Karachi and Qasim Ports

12/06/2014 (Business Recorder) - The Karachi Port handled 85,810 tonnes of cargo comprising 43,757 tonnes of import cargo and 42,053 tonnes of export cargo including c loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 43,757 tonnes comprised of 42,848 tonnes of containerised cargo; 909 tonnes of general cargo.

MARKET DEVELOPMENT
12-06-2014

RSPO's London Conference Forges New Partnership Between Palm Oil Growers and Users: Indonesian Vice-Minister of Trade and RSPO Open to Collaboration on Joint Sustainable Palm Oil Standard

12/06/2014 (MarketWatch) - Speaking at the RSPO European roundtable in London, Dr. Bayu Krisnamurthi, Indonesian Vice Minister of Trade, stated the Indonesian government's intention to work together with RSPO towards a joint sustainable palm oil standard, which would scale up production of certified sustainable palm oil in Indonesia.

MARKET DEVELOPMENT
12-06-2014

Malaysia to Turn Oil-Palm Land Into Airport City

12/06/2014 (Bloomberg) - Malaysia Airports Holdings Bhd. (MAHB) plans to convert some oil-palm plantations surrounding Kuala Lumpurâ€™s main air terminal into attractions such as theme parks, concert halls and golf courses to lure businesses and visitors.

MARKET DEVELOPMENT
12-06-2014

Halal Products Bring in RM32.8Bil

12/06/2014 (The Star) - Halal products, with exports totalling RM32.8bil last year, made up 4.56% of the countryâ€™s total exports of RM719.8bil.

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