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MARKET DEVELOPMENT
29-05-2013

VEGOILS-Palm Oil Hits 1-1/2-Month High on Hopes of Easing Stocks

29/05/2013 (Reuters) - Malaysian palm oil futures hit 1-1/2-month highs on Tuesday as optimism grew that a demand recovery and stagnant output would pare stocks of the edible oil.

MARKET DEVELOPMENT
29-05-2013

Palm Oil Trades Near Seven-Week High as Stockpiles Seen Dropping

29/05/2013 (Bloomberg) - Palm oil climbed to the highest level in almost seven weeks on speculation that stockpiles in Malaysia may drop for a fifth month as output declines in the worldâ€™s second-biggest producer.

MARKET DEVELOPMENT
29-05-2013

â€˜Oil Palm Hubâ€™ Plan â€˜Threatâ€™ to Mindanao Coconut Industry

29/05/2013 (Minda News) - Turning Mindanao into an â€œoil palm hubâ€ poses a threat to the coconut industry, a research institution said in a statement Monday.

MARKET DEVELOPMENT
29-05-2013

Agro Sector Remains Main Income For Tawau

29/05/2013 (Bernama) - The agriculture sector is still the main income earner for Tawau's economy given the large amount of fertile land and numerous oil palm and cocoa plantations as well as palm oil mills.

MARKET DEVELOPMENT
29-05-2013

191,851 Ha of NCR Land Cultivated With Oil Palm - Masing

29/05/2013 (Borneo Post) - As of April 30 this year, a total of 191,851 hectares of native customary rights (NCR) land have been cultivated with oil palm by various joint-venture companies and smallholders.

MARKET DEVELOPMENT
29-05-2013

Anglo-Eastern Plantation Output Falls

29/05/2013 (StockMarketWire.com) - Anglo-Eastern Plantations\' production of fresh fruit branches fell to 155,900mt in the three months to the end of March - 2% down on a year ago.

MARKET DEVELOPMENT
29-05-2013

STOCKS NEWS MALAYSIA-Kenanga Raises IJM Plantations to \'Outperform\'

29/05/2013 (Reuters) - Kenanga Research raised its call on oil palm agribusiness firm IJM Plantations Bhd to "outperform" from "market perform" on a bright earnings outlook despite softening crude palm oil prices.

MARKET DEVELOPMENT
29-05-2013

ABP, PFZW to Stick With Controversial Palm Oil Firm

29/05/2013 (IPE.com) - ABP, the â‚¬292bn pension fund for Dutch civil servants, and PFZW, the â‚¬136bn scheme for healthcare professionals, have said they will remain invested in Wilmar International due to their successful efforts to engage with the controversial palm-oil company to date.

MARKET DEVELOPMENT
29-05-2013

Edible Oils Rule Steady on Strong Futures

29/05/2013 (Hindu Business Line) - The undercurrent in edible oils market remained firm on Tuesday tracking firm domestic and overseas futures markets and weak Indian currency which led to import parity costly. In local market, barring palmolein which increased by Re 1 and rapeseed oil declined by Rs 3 for 10 kg all other oils ruled unchanged on slack physical demand. The volume was thin, said sources.

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