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CPO prices to consolidate at RM4,000 to RM4,300
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Cooking Oil Imports by India May Climb as Domestic Supplies Ease
09/02/2012 (Bloomberg) - India, the world’s biggest palm oil buyer, probably imported more cooking oils last month after prices had the first monthly decline since September and domestic supplies dropped, according to a Bloomberg News survey.
US Report Casts Doubt On Palm Fuel Benefits
09/02/2012 (Jakarta Globe) - Indonesia has come under greater scrutiny over its policy to encourage palm oil development, following a report by US authorities that fuels derived from the commodity were not as environmentally friendly as initially believed.
Maersk Sees 50% Decline In Growth For Asia-Africa Rice And Palm Oil Trade
09/02/2012 (Fox Business) - Maersk Line, the world's largest container ship operator, anticipates a 50% decline in growth levels in Asian shipments of rice and palm oil to Africa this year, citing adequate volumes in West Africa after heavy restocking in 2011, a director told Dow Jones Newswires Thursday.
Sri Lanka Watawala To Invest Marketing Unit Proceeds in Tea, Oil Palm
09/02/2012 (LBO) - Sri Lanka's Watalawa Plantations Plc said cash from the sale of a marketing arm will be used to expand oil palm, boost efficiencies in its tea estates and cut debt, as interest rates continued to rise.
Mixed Reaction To Wah Seong’s Big Plantation Ambition
09/02/2012 (The Sun) - Pipe-coating specialist Wah Seong Corp Bhd's plan to start a huge oil palm plantation in Africa drew mixed response from the market, with some wary about the group taking on a big risk by venturing into a new business in an unpredictable region.
Bumitama May Revive S$200m Singapore IPO
09/02/2012 (TODAYonline) - Indonesian palm oil firm Bumitama Gunajaya Agro is reviving its S$200 million initial public offering in Singapore after shelving it in June due to market uncertainty, a signal that investor appetite for IPOs could be returning.
Trade Data To Reflect Sluggish External Demand
09/02/2012 (Business Times) - Data on external demand for Malaysian products in December last year is expected to come in weaker, said economists.
Zambia, Congo DR To Pen Smooth Trade Deal
09/02/2012 (Times Of Zambia ) - Zambia and Congo DR are in the next couple of weeks expected to sign an economic agreement to facilitate smooth trade between the two neighbouring countries, Commerce, Trade and Industry Minister Robert Sichinga has said.
Hedge Fund Loss at Merchant Snaps Seven Gains in ‘Ugly Year’: Commodities
09/02/2012 (Bloomberg) - Michael Coleman is suspending a three-decade trading career to focus on risk after a year in which the Merchant Commodity Fund he co-founded lost 30 percent and its assets contracted twice as much.
