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MARKET DEVELOPMENT
17-11-2012

Vegetable Oil Imports Top Record 10 Million Tonnes

17/11/2012 (Hindu Business Line) - Vegetable oil imports increased 18 per cent to 10.2 million tonnes (mt) in the oil year ended October. Besides lower prices, the demand was largely driven by sharp fall in oilseed output and rise in demand.

MARKET DEVELOPMENT
16-11-2012

VEGOILS-Palm Oil Ends Up On Slower Stockbuild, Firm Demand

16/11/2012 (Reuters) - Malaysian palm oil futures posted on Wednesday the highest daily gain since October 2010, lifted by a slowdown in inventory build-up in the world\'s second largest producer and a demand recovery for the edible oil.

MARKET DEVELOPMENT
16-11-2012

Research House Sees CPO Price Recovery

16/11/2012 (The Star) - Palm oil prices are expected to recover in the near term to between RM2,600 and 2,800 per tonne, driven by higher exports.

MARKET DEVELOPMENT
16-11-2012

FG to Partner States on Oil Palm Cultivation

16/11/2012 (THISDAY Live) - The Federal Government is set to partner states to revive the moribund oil palm industry and make it one of the major revenue earners for the country, Minister of Agriculture, Dr. Akinwunmi Adesina, has revealed.

MARKET DEVELOPMENT
16-11-2012

China Palm Oil Traders Stock up Ahead of Tighter Quality Norms

16/11/2012 (Reuters) - Buyers from China, the world's second largest importer of palm oil, are rushing to stock up on the refined variant in the last quarter of this year before stricter quality measures set by Beijing take effect on Jan. 1 next year, traders said.

MARKET DEVELOPMENT
16-11-2012

India Oct Refined Palm Oil Imports Down 45% m/m, M\'sia and Indonesia Main Suppliers

16/11/2012 (The Star) - India's imports of refined palm oil fell sharply in October from the previous month, as an import duty hike aimed at protecting the local refining industry from cheaper Indonesian supplies of the edible oil took effect.

MARKET DEVELOPMENT
16-11-2012

Fair Trade Palm Oil From Ghana: The Difference Fair Trade Makes

16/11/2012 (Huffington Post) - Palm oil is an ingredient in half of all products sold in grocery stores throughout the United States. To supply the massive demand for this ostensibly cheap oil, rainforests from Brazil to Borneo are destroyed by industrial clear-cutting and strategic burning, to create arable land for homogenized palm tree plantations. Often, these plantations in developing tropical nations are run by multi-national corporations that exploit farmers and laborers, trample native land rights, and do nothing to improve workers' communities or standard of living. In Borneo, this practice of industrial palm oil production is destroying the last remaining natural orangutan habitats. Around the world, the slash-and-burn approach to natural resources is destroying precious ecosystems to the point of mass extinction. Ultimately, this system is bound to collapse.

MARKET DEVELOPMENT
16-11-2012

CPO High Inventory Indicates Positive Export Status This Year

16/11/2012 (Borneo Post) - Crude palm oil (CPO) exports have shown positive developments with a real pickup in the month of October after hitting the lowest turning point in July this year.

MARKET DEVELOPMENT
16-11-2012

Palm Oil Rally May Heat up Coconut Oil

16/11/2012 (Hindu Business Line) - An apparent lacklustre mood is prevailing in the coconut oil market in Kerala and Tamil Nadu with prices remaining more or less steady.

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