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MARKET DEVELOPMENT
27-03-2012

Revenue From Palm Oil Export Not Affected By Stopping Trade With Iran

27/03/2012 (Bernama) - FELDA's revenue from the export of palm oil will not be affected, should the government stop importing crude oil from Iran.

MARKET DEVELOPMENT
27-03-2012

Malaysian Palm Futures Hit One-year High

27/03/2012 (Business Recorder) - Malaysian palm oil futures extended gains to a one-year high on Monday as strong exports data and drought woes in soy-producing South America boosted investor sentiment.

MARKET DEVELOPMENT
27-03-2012

Indonesia\'s Bumitama Agri Seen Raising $176 mln in Singapore IPO

27/03/2012 (Reuters) - Indonesian palm oil firm, Bumitama Agri Ltd, filed for an initial public offering in Singapore, in a listing expected to raise as much as S$222 million ($175.8 million), a source said.

MARKET DEVELOPMENT
27-03-2012

Palm Oil at New 9-Month High on Exports, US Plantings Eyed

27/03/2012 (Business Recorder) - Malaysian palm oil futures extended gains to a new nine-month high on Monday as strong exports data and drought woes in soy-producingSouth Americaboosted investor sentiment.

MARKET DEVELOPMENT
27-03-2012

Collaborative Oil Palm Biomass Center Launched in Malaysia

27/03/2012 (AZoCleantech) - Oil Palm Biomass Center (OPBC), a public-private partnership, has been opened in Malaysia to benefit the economy and climate. The consortium includes collaboration of 18 partners from global industries and technical universities to develop, test and optimize innovative upstream and downstream technologies for application of oil palm biomass.

MARKET DEVELOPMENT
27-03-2012

RI May Soon Become Top Sustainable CPO Producer

27/03/2012 (Jakarta Post) - Indonesia is set to become the worldâ€™s largest palm oil producer in the near future, driven by increased production of locally certified sustainable palm oil (CSPO) and a higher number of local palm oil producers taking part in the sustainable certification scheme, an international multi-stakeholder certification body says.

MARKET DEVELOPMENT
27-03-2012

AIM Targets RM60b Palm Oil Contribution To GDP By 2020

27/03/2012 (Malaysian Reserve) - Agensi Innovasi Malaysia (AIM) is optimistic that the palm oil sector's contribution to the national gross domestic product (GDP) can be doubled from RM30 billion to RM60 billion by 2020.

MARKET DEVELOPMENT
27-03-2012

CB Industrial Wins Palm Oil Mill Job

27/03/2012 (Business Times) - CB Industrial Product Holdings Bhd (CBIP) has announced that it has received a letter of award from Syarikat Ladang Sungai Terah Sdn Bhd (a subsidiary of Kumpulan Perladangan PKINK Bhd) worth RM44.66 million.

MARKET DEVELOPMENT
27-03-2012

Indonesia Raises Export Tax on Crude Palm Oil

27/03/2012 (Lanka Business Online) - The Indonesian trade ministry said it will raise the export tax on crude palm oil (CPO) to 18 per cent in April from 16.5 per cent at present.

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