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MARKET DEVELOPMENT
31-12-2009

Asian Plantations Expands to Meet Demands

29/12/2009 (Trans World News) - Palm oil leaders, Asian Plantations Limited, have begun following through on a deal with Jubilant Paradise Sdn Bhd to acquire its major shares and its wholly owned subsidiary, Incosetia Sdn Bhd (the â€œJubilant Groupâ€), which owns a partly developed palm oil plantation totaling 5,850 hectares in Sarawak, Malaysia. When harvest begins on the property Asian Plantations will have officially reached their 2009 goal of doubling their nearly 5,000 hectare estate.

MARKET DEVELOPMENT
31-12-2009

CPO down on reports of lower exports

30/12/2009 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures on Bursa Derivatives Exchange failed to sustain above RM2,600 per tonne yesterday as investors turned cautious over reports of lower palm oil exports in the first 25 days of December.

MARKET DEVELOPMENT
31-12-2009

Palm oil rises on lower output expectations

29/12/2009 (Business Times, Malaysia) - PALM oil climbed for a third day on anticipation Malaysiaâ€™s palm oil output in December may be lower than the preceding month, preventing stockpiles from rising amid a slowdown in exports.

MARKET DEVELOPMENT
29-12-2009

Oil palm players want biomass supply to harness renewable energy

29/12/2009 (The Star Online), Kota Kinabalu - Policies and incentives are needed for the harnessing of renewable energy from Malaysiaâ€™s massive oil palm industry.

MARKET DEVELOPMENT
28-12-2009

India may buy more palm oil

28/12/2009 (The Star Online), Petaling Jaya - India, the worldâ€™s second-largest importer of edible oils, is expected to increase its palm oil imports in 2010 due to its growing middle-income population and mounting food inflation concerns.

MARKET DEVELOPMENT
28-12-2009

Malaysia Palm Oil Board: India to overtake China as top palm oil importer

28/12/2009 (Commodity Online), Kuala Lumpur - India would likely take over Chinaâ€™s position as the worldâ€™s largest palm oil importer by late-2010, according to Malaysian Palm Oil Board.

MARKET DEVELOPMENT
28-12-2009

Indonesia Defends Palm Plantations

28/12/2009 (Jakarta Globe) - Indonesian delegates on Wednesday night promoted the countryâ€™s palm oil industry as sustainable at the UN climate talks, in the wake of a recently-published Greenpeace report accusing Indonesiaâ€™s largest palm oil producer of deception and illegal practices.

MARKET DEVELOPMENT
28-12-2009

More Perks Needed To Boost Renewable Energy Sector

28/12/2009 (Business Times) - Sabah produces over 30 per cent of the country's palm oil and should be able to generate renewable energy from the crop's waste, but initiatives to move into this direction must be policy driven.

MARKET DEVELOPMENT
26-12-2009

Palm Oil Futures may advance 19% by March, 2010

26/12/2009 (Biz Early) - Darob Mistry the director of Godrej International, Indiaâ€™s largest importer of vegetable oils says that outlook for Palm Oil futures in 2010 looks bullish and it may rise by 19% percent during the first quarter end of 2010(March). He further added that the prices may move to $820 to $879 per metric ton.

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