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MARKET DEVELOPMENT
24-04-2013

No Plans To Hike Edible Oilsâ€™ Import Duty: Govt

24/04/2013 (HIndu Business Line) - The Government has ruled out hiking the import duty on edible oils even as domestic solvent extractors have sought an increase in Customs duty on refined edible oils.

MARKET DEVELOPMENT
24-04-2013

RI Fails To Include Rubber and CPO in APEC Green Products List

24/04/2013 (Jakarta Post) - Indonesia has failed to include crude palm oil (CPO) and rubber as well as their derivative products in the APEC Environmental Goods List.

MARKET DEVELOPMENT
24-04-2013

Sell MCX CPO April Around Rs 463-464; Target Rs 455: Emkay

24/04/2013 (MoneyControl.com) - Emkay Commodity Research has come out with its report on agri commodities. According to the research firm, one can MCX CPO April future contract around Rs 463-464 for the target of Rs 455 with a stop loss of Rs 466.

MARKET DEVELOPMENT
24-04-2013

Palm Oil Declines for Third Time in Four Days on Demand Concerns

24/04/2013 (Bloomberg) - Palm oil fell for the third time in four sessions on concern that a decrease in shipments from Malaysia, the worldâ€™s largest producer after Indonesia, will boost stockpiles as production recovers from a low-output season.

MARKET DEVELOPMENT
24-04-2013

Gapki Says â€˜Noâ€™ to Moratorium Extension

24/04/2013 (Jakarta Post) - The Indonesian Palm Oil Association (Gapki) has opposed the governmentâ€™s plan to prolong a two-year forest moratorium, slated to end in May, saying that such an extension would only hamper the expansion of the countryâ€™s palm oil sector.

MARKET DEVELOPMENT
24-04-2013

China Tests Self-developed-biofuel Flight

24/04/2013 (Xinhua) - China on Wednesday successfully conducted a first test flight powered by self-developed biofuel made mainly from palm oil and recycled cooking oil.

MARKET DEVELOPMENT
24-04-2013

RSPO Failing To Meet Sustainability Objectives For Palm Oil Production, Says WWF

24/04/2013 (Mongabay.com) - An initiative that aims to improve the social and environmental performance of palm oil production is faltering in its mission by failing to establish strong performance standards on greenhouse gas emissions and pesticide use, argues a new statement issued by WWF, the initiative's biggest green supporter.

MARKET DEVELOPMENT
23-04-2013

Edible Oils Weaken on Bearish Futures

23/04/2013 (Hindu Business Line) - Edible oils prices ruled weak on Monday tracking bearish futures markets. Mumbai traders observed an one-day token bandh in support of call given by trade association call against the Local Body Tax. Malaysian palm oil futures extended last weekâ€™s loss further on Monday, hitting a four-month low, as volatility in commodities markets overall and losses in soyabean weighed.

MARKET DEVELOPMENT
23-04-2013

European Vegoils Ease More on Good US Weather

23/04/2013 (Business Recorder) - The European vegetable oils market continued to ease on Monday following improved weather in the US coupled with slack demand which pressured the CBOT soycomplex.

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