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MARKET DEVELOPMENT
22-05-2013

Palm Oil Drops as Production Seen Outpacing Demand After Ramadan

22/05/2013 (Bloomberg) - Palm oil declined for a second day after Godrej International Ltd. forecast a plunge in prices on output gains in Indonesia and Malaysia, the largest producers.

MARKET DEVELOPMENT
22-05-2013

Palm Advances to Five-Week High on Rising Demand Before Ramadan

22/05/2013 (Bloomberg) - Palm oil climbed to the highest level in more than five weeks on speculation that an increase in demand before the Muslim fasting month of Ramadan may cut stockpiles in Malaysia, the second-largest producer.

MARKET DEVELOPMENT
22-05-2013

Activity at Karachi and Qasim Ports

22/05/2013 (Business Recorder) - The Karachi Port handled 289,458 tonnes of cargo comprising 239,781 tonnes of import cargo and 49,677 tonnes of export cargo including 7,878 loaded and empty containers during the last 48 hours ended at 0700 hours on Monday. The total import cargo of 239,781 tonnes comprised 89,922 tonnes of containerised cargo; 18,594 tonnes of general cargo; 28,905 tonnes of bulk cargo: 26,909 tonnes of coal; 1,996 tonnes of sulphur and 102,360 tonnes of oil/liquid cargo.

MARKET DEVELOPMENT
21-05-2013

VEGOILS-Palm Oil Ends off 1-Mth High on Weak Exports

21/05/2013 (Reuters) - Malaysian palm oil futures on Monday edged off their highest in more than a month, as data showing a drop in exports erased earlier gains on a higher soy market.

MARKET DEVELOPMENT
21-05-2013

Palm Oil Closes Near One-Month High on Improved Demand Prospects

21/05/2013 (Bloomberg) - Palm oil closed near a one-month high on improved demand prospects ahead of Ramadan, with data from a surveyor showing that shipments from Malaysia dropped at a slower pace.

MARKET DEVELOPMENT
21-05-2013

TH Plantations To Build Palm Oil Refinery In Sarawak

21/05/2013 (Bernama) - TH Plantations Bhd, which already operates six oil palm mills in Peninsular Malaysia, plans to set up its first palm oil refinery in Sarawak, says Executive Officer Datuk Zainal Azwar Zainal Aminuddin.

MARKET DEVELOPMENT
21-05-2013

Strong Fundamentals To Drive Up CPO Price In Q3, Says MPOC

21/05/2013 (Bernama) - The price of crude palm oil (CPO) is expected to pick up in the third quarter of this year, supported by strong fundamentals, said Malaysian Palm Oil Council (MPOC) Chairman, Datuk Lee Yeow Chor.

MARKET DEVELOPMENT
21-05-2013

Nigeria: \'Imposition of 35 Percent Import Duty On CPO Detrimental to Industries\'

21/05/2013 (Vanguard) - The recent imposition of 35 percent duty on importation of Crude Palm Oil, CPO, into the country by the federal government is beginning to take a toll on associated food industries, as they have started to experience acute shortages in supply of the product, industry stakeholders have said.

MARKET DEVELOPMENT
21-05-2013

Palm Oil in American Stores Sending the Sumatran Rhino Into Extinction

21/05/2013 (Huffington Post) - Palm oil kills but with apologies to the orangutans, they\'ll have to get behind the line to extinction after the Sumatran rhino.

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