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MARKET DEVELOPMENT
16-03-2012

Scientists Say Massive Palm Oil Plantation Will Scientists say massive palm oil plantation will \"Cut The Heart Out\" Of Cameroon\'s Rainforest

16/03/2012 (Mongabay.com) - Eleven top scientists have slammed a proposed palm oil plantation in a Cameroonian rainforest surrounded by five protected areas. In an open letter, the researchers allege that Herakles Farm, which proposes the 70,000 hectare plantation in southwest Cameroon, has misled the government about the state of the forest to be cleared and has violated rules set by the Roundtable on Sustainable Palm Oil (RSPO), of which it\'s a member. The scientists, many of whom are considered leaders in their field, argue that the plantation will destroy rich forests, imperil endangered species, and sow conflict with local people.

MARKET DEVELOPMENT
15-03-2012

VEGOILS-Palm Oil At 9-Mth High On Exports, U.S. Data

15/03/2012 (Reuters) - Malaysian crude palm oil futures rose to a nine-month high on Wednesday as recovering exports raised demand prospects for the edible oil and upbeat U.S. economic data lifted investor confidence.

MARKET DEVELOPMENT
15-03-2012

Palm Oil Climbs To Year High

15/03/2012 (Bloomberg) - Palm oil, used in everything from candy bars to instant noodles, will advance 3.4 percent to the highest in more than a year by June as cooking-oil supplies drop to the lowest in more than three decades, a survey showed. Margaret Brennan reports on Bloomberg Television's "InBusiness With Margaret Brennan."

MARKET DEVELOPMENT
15-03-2012

Palm Oil Climbs

15/03/2012 (Business Recorder) - Malaysian crude palm oil futures rose to a nine-month high on Wednesday as recovering exports raised demand prospects for the edible oil and upbeat US economic data lifted investor confidence.

MARKET DEVELOPMENT
15-03-2012

Government Nixes Request For Palm Oil Price Increase

15/03/2012 (Bangkok Post) - The government has decided against a cooking palm oil price increase requested by producers, but it may sell them cheap palm oil from reserves.

MARKET DEVELOPMENT
15-03-2012

Palm Oil: The Hidden Ingredient Causing An Ecological Disaster

15/03/2012 (The Ecologist) - Palm oil is in our food, cleaning products and fuel. But it's destroying rainforest and contributing to climate change. Sustainable certification schemes have been set up, but campaigners increasingly question whether they work.

MARKET DEVELOPMENT
15-03-2012

Finance, Palm Oil Plantation Stocks Lift FBM KLCI

15/03/2012 (The Sun Daily) - Gains in finance and palm oil plantation stocks pushed the FTSE Bursa Malaysia KLCI to end the morning trading higher, tracking the rallies from Wall Stret and European markets, dealers said.

MARKET DEVELOPMENT
15-03-2012

Economic Growth Moderates

15/03/2012 (The Sun Daily) - The Malaysian economy only managed to achieve a moderate growth rate of 5.2% in the fourth quarter of 2011 because it has traditionally been over dependent on consumer demand in America and Europe to generate a growth rate in excess of 8% or even 7%. The Malaysian economy is a dependent economy in the sense that if America's growth rate slackens, Malaysia's growth rate also slackens in tandem.

MARKET DEVELOPMENT
15-03-2012

Russia Expects Trade With Malaysia To Reach US$2.4 Billion In 2012

15/03/2012 (Bernama) - Russia, which is looking to further enhance bilateral economic cooperation with Malaysia via joint ventures in small and medium enterprises (SMEs) sector, anticipates total trade between the two countries to return to pre-crisis level of US$2.4 billion this year.

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