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MARKET DEVELOPMENT
07-08-2013

Moody\'s: Sliding Palm Oil Price Hits Golden Agri\'s Interim Results

07/08/2013 (Moodys.com) - Moody's Investors Service says that Golden Agri Resources Ltd's (GAR) results for the first six months of 2013 have been adversely impacted by weaker palm oil prices, but remain within the parameters of its Ba2, stable rating. The results show revenue up by 8.8% in H1 2013 compared with H1 2012, while the year on year improvement in Q2 2013 was even greater at 25.4%. Nevertheless, reported EBITDA was 22.5% lower in H1 2013 and fell away by 30.1% in Q2 2013, year on year.

MARKET DEVELOPMENT
07-08-2013

Singapore\'s Wilmar Q2 Net Profit Up 87 Pct, Helped By Palm and Laurics

07/08/2013 (Reuters) - Singapore-listed palm oil firm Wilmar International Ltd's net profit jumped 86.5 percent in the second quarter from a year ago, helped by its palm and laurics as well as consumer products segments.

MARKET DEVELOPMENT
07-08-2013

Exploring Increased Oil Palm Production Through Biotechnology

07/08/2013 (Leadership Newspapers) - The oil palm industry is a very significant sector of the Nigerian economy and has existed for a very long time. In the 1960s, Nigeria was the leading producer and exporter of palm oil, accounting for 27 percent of the global market.

MARKET DEVELOPMENT
07-08-2013

Edible Oils Static As Trade Turns Cautious

07/08/2013 (Hindu Business Line) - Palmolein and rapeseed oil rose by Rs 5 and Rs 7 for 10 kg each on Tuesday.

MARKET DEVELOPMENT
07-08-2013

Palm Price Weakness Limits Wilmar Profits Revival

07/08/2013 (Agrimoney.com) - Wilmar International unveiled profits below market expectations, and New Britain Palm Oil a slump in forward palm oil sales highlighting the grapple that corporates are having with weak prices of the vegetable oil.

MARKET DEVELOPMENT
07-08-2013

Crop Exporters Look To Better Year-end After First Half Headwinds

07/08/2013 (Jakarta Post) - Exports for crops like crude palm oil (CPO) and rubber will likely rebound in the second half of the year after dwindling exports due to the ailing global market, while coffee will remain low.

MARKET DEVELOPMENT
07-08-2013

Surat Thani Oil-Palm Plantation Protest Broken Up

07/08/2013 (The Nation) - A team of some 2,000 police, Army and security volunteers rounded up about 200 demonstrators who had occupied a privately run oil-palm plantation in Surat Thani's Khian Sa district yesterday morning, but seven protest leaders managed to escape and are now wanted by police.

MARKET DEVELOPMENT
07-08-2013

Honduras: Expanding Palm Oil Empires In The Name Of â€˜Green Energyâ€™ And â€œSustainable Developmentâ€™

07/08/2013 (Upside Down World) - From 6th-8th August, the Roundtable on Sustainable Palm Oil (RSPO) is holding its 4th Latin American Conference on so-called sustainable palm oil in Honduras [1]. (Conference website: http://rspo2013.com/). Environmental and social campaigners have been shocked to learn that one event sponsor is the palm oil company Dinant Corporation, owned and controlled by Miguel Facusse, the largest landowner in Honduras. They are calling on World Wildlife Fund WWF and three other organisations to withdraw from and denounce the conference being held in Honduras due to the Dinantâ€™s sponsorship of the event and the serious human rights implications [2].

MARKET DEVELOPMENT
07-08-2013

Palm Oil Spill Proves Windfall for Residents

07/08/2013 (Deccan Herald) - More than 600 litres of palm oil leaked from an underground pipeline near the Baitakhol port here on Tuesday. It mixed with rainwater and entered the sea.

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