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MARKET DEVELOPMENT
20-02-2013

Global Rapeseed, Palm Oil Production Outlook Raised by Oil World

20/02/2013 (Bloomberg) - Global rapeseed production may be larger than estimated a month ago on improving prospects for India and Australia, Oil World said. Palm oil output may also be bigger than previously projected.

MARKET DEVELOPMENT
20-02-2013

KLK Keen on Aussie Farm Land, Owns 25,000ha, and Seeks To Buy Large Piece

20/02/2013 (The Star) - Plantation giant Kuala Lumpur Kepong Bhd (KLK), which has been quietly buying farm land in Australia as a diversification strategy, is now close to sealing a large land deal there, the Wall Street Journal reported.

MARKET DEVELOPMENT
20-02-2013

Indonesia May Keep Palm Export Tax at 9% in March, Group Says

20/02/2013 (Bloomberg) - Indonesia, the largest palm oil producer, may keep the duty on shipments of the crude variety unchanged at 9 percent in March, double the rate in Malaysia.

MARKET DEVELOPMENT
20-02-2013

Rethinking Sandwich Cream Processing After Trans Fat Removal

20/02/2013 (BakeryAndSnacks.com) - Manufacturers must rethink production of sandwich creams for bakery fillings and biscuits after a trend to remove trans fatty acids and reduce saturated fatty acids has affected the consistency of the final product, according to equipment firm SPX.

MARKET DEVELOPMENT
20-02-2013

Palm Oil Climbs as Dry Argentine Weather May Cut Oilseed Supply

20/02/2013 (Bloomberg) - Palm oil advanced for a third day, tracking gains in soybeans, as dry weather in parts of Argentina dims the prospect for global supply of the oilseed crushed to make soybean oil and animal feed.

MARKET DEVELOPMENT
20-02-2013

Malaysia Palm Oil Exports Gain at Slower Pace as India Buys Less

20/02/2013 (Bloomberg) - Palm oil shipments from Malaysia increased at a slower pace in the first 20 days of February on fewer purchases by countries in South Asia including India, the biggest buyer, according to an estimate by surveyor Intertek.

MARKET DEVELOPMENT
19-02-2013

Palm Oil Futures May Advance 12% by Mid-Year: Technical Analysis

19/02/2013 (Bloomberg) - Palm oil futures are â€œoversoldâ€ in the short-term and may rebound to 2,800 ringgit ($904) a metric ton by the middle of the year, according to Benny Lee, chief market strategist at Jupiter Securities Sdn.

MARKET DEVELOPMENT
19-02-2013

Edible Oil To Remain Subdued Till June 2013 on Ample Supplies: Religare

19/02/2013 (Business Standard) - Domestic prices of soybean oil and palm oil, the two biggest edible oils imported into India, are expected to remain subdued during the first two quarters of calendar 2013 because of ample global supplies, according to a recent research report by Religare Commodities Ltd.

MARKET DEVELOPMENT
19-02-2013

Industry Association Warns of Mislabelled Cooking Oils in Mandalay

19/02/2013 (Myanmay Times) - Edible oil dealers are warning the public to beware of palm oil mixed with a chemical powder and passed off as peanut oil. The powder is meant to stop it solidifying, said U Tun Tun, secretary of the Association of Edible Oil Merchants and Millers in Mandalay Region.

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