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MARKET DEVELOPMENT
31-01-2013

Talk of Import Duty Hike Boosts Edible Oils

31/01/2013 (Hindu Business Line) - Sentiment in edible oils market turned better on Wednesday tacking extended gain in Malaysian and domestic futures markets. Despite that spot prices for most of oils remains unchanged. Palmolein, Soyabean, Cotton and Sunflower oils rule steady while Groundnut and rapeseed oil drop by Rs5 and Rs3 each. Late evening there was talk of government may further increase the import duty of edible oils to protect the local industry said sources.

MARKET DEVELOPMENT
31-01-2013

Growing Palm Oil Trees For Biofuels Could Accelerate Climate Change, Study Finds

31/01/2013 (Reuters) - Growing palm oil trees to make biofuels could be accelerating the effects of climate change, new research showed on Wednesday, adding further weight to claims the crop is not environmentally sustainable.

MARKET DEVELOPMENT
31-01-2013

Buy Crude Palm Oil on dips: Geojit Comtrade

31/01/2013 (MoneyControl.com) - Geojit Comtrade has come out with its report on Gur, Crude Palm Oil (CPO) and Refind Soy Oil. According to the research firm, one can buy Gur above Rs 1120, CPO on dips and refined Soy Oil above Rs 741.

MARKET DEVELOPMENT
31-01-2013

Malaysia Palm Exports Decline at Slower Pace on Zero Export Tax

31/01/2013 (Bloomberg) - Palm oil exports from Malaysia, the second-largest producer, fell 7 percent in January from December, with the pace of decrease slowing as the month progressed amid a zero duty on shipments, according to data from Intertek today.

MARKET DEVELOPMENT
31-01-2013

Palm Oil Imports Fall 18.92% in 1H FY13

31/01/2013 (Daily Times) - Palm oil imports witnessed sharp decline of 18.92 percent during the first half of the current fiscal year as against the same period of last year.

MARKET DEVELOPMENT
31-01-2013

Palm Oil Surges to Three-Month High as Stockpiles Seen Falling

31/01/2013 (Bloomberg) - Palm oil rallied to the highest level in more than three months on speculation that Malaysian stockpiles will drop from a record as a zero export tax lures buyers away from Indonesia, the worldâ€™s largest producer.

MARKET DEVELOPMENT
31-01-2013

Red Palm Oil Could Colour Foods Without Food Colouring

31/01/2013 (FoodNavigator.com) - Sternchemie says its new red palm oil provides a clean label way to colour foods naturally without using food colourings that have to be listed on ingredient lists.

MARKET DEVELOPMENT
30-01-2013

VEGOILS-Palm Rises To 4-Week High on Worries About Soy Supplies

30/01/2013 (Reuters) - Malaysian palm oil futures rose to their highest in nearly 4 weeks on Wednesday, fuelled by expectations that dry weather could hurt crops in top soy producer Argentina and shift demand to the cheaper edible oil.

MARKET DEVELOPMENT
30-01-2013

Palm Oil Prices Rise on Possible Gains From Indonesiaâ€™s CPO Tax Raise

30/01/2013 (Borneo Post) - The prices of crude palm oil (CPO) gained yesterday on speculations that exports from Malaysia may increase after Indonesia, the worldâ€™s largest palm oil producer, raises CPO export taxes for February shipments.

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