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MARKET DEVELOPMENT
20-09-2011

NORPALM Ghana Holds Awards for Farmers

20/09/2011 (myjoyonline) - Norpalm Ghana Limited, (NPL) has rewarded 29 individual and shareholder farmers for their hard work which has contributed immensely to the growth of the company.

MARKET DEVELOPMENT
20-09-2011

AP To Increase Direct Procurement From Farmers

20/09/2011 (Hindu Business Line) - The Andhra Pradesh Government has agreed to increase direct procurement component to 50 lakh tonnes (lt) in 2011-12 as against 24 lt in the last procurement season. It also agreed to set up additional godown space to store 50 lt.

MARKET DEVELOPMENT
20-09-2011

Sime Darby Sees RM1.8b Erased From Market Cap

20/09/2011 (The Edge Malaysia) - Sime Darby Bhd saw RM1.8 billion erased from its market capitalisation yesterday after its closed 30 sen lower to RM7.70, the lowest in 13 months on some foreign selling and also concerns about the outlook for equities.

MARKET DEVELOPMENT
19-09-2011

Palm Oil Fraternity Enjoying Better Income, Says Dompok

19/09/2011 (Bernama) - Farmers, smallholders and those involved in the palm oil industry are enjoying better incomes as the global demand for palm oil products continued to grow this year, said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok.

MARKET DEVELOPMENT
19-09-2011

Palm Oil to Climb on Soybean Oil Supply Cut, Demand, Mistry Says

19/09/2011 (Bloomberg) -- Palm oil may rally next year as demand for biofuels cuts soybean oil supply and a potential reversal in monetary policy in China and India boosts demand, according to Dorab Mistry, director of Godrej International Ltd.

MARKET DEVELOPMENT
19-09-2011

Asian Agri Manipulated Taxes, Says Finance Comptroller

19/09/2011 (Tempo Interactive) - Palm oil company Asian Agri is considered to have manipulated taxes. The Development Finance Comptroller (BPKP) found Rp1.29 trillion in state losses in a tax embezzlement case linked to the company.

MARKET DEVELOPMENT
19-09-2011

Nestle Buys Palm Oil Promises of Sinar Mas

19/09/2011 (Jakarta Globe) - Swiss food giant Nestle will resume purchases of palm oil from Sinar Mas Agro Resources and Technology following an 18-month halt after Smart made improvements to abide by Nestleâ€™s guidelines for responsible environmental practices.

MARKET DEVELOPMENT
19-09-2011

Africa: Palm Oil Fuels Land Grabs in Africa

19/09/2011 (Allafrica.com) - The oil palm nursery occupies several hectares of newly cleared forest and fallow land in Sierra Leone. The nursery manager says that by 2012 he'll have 540,000 oil palm seedlings here, enough to plant over 3,000 hectares. By 2017, the plan is to establish oil palm over 40,000 hectares that have been leased by a foreign investor for 45 years, with a possible extension of 21 more.

MARKET DEVELOPMENT
19-09-2011

Unilever Executive: Not Resumed Palm Oil Purchases From Golden Agri-Resources

19/09/2011 (Fox Business) - Unilever PLC (UL) Friday said it hasn't resumed palm oil purchases from Golden Agri-Resources Ltd. (E5H.SG) in Indonesia after Nestle S.A. (NESN.VX) said it placed an order following progress by the producer on environment and sustainability.

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