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MARKET DEVELOPMENT
25-09-2010

Malaysia to continue promoting refined palm oil exports

25/09/2010 (The Hindu Business Line) - The Malaysian Government will continue promoting export of refined palm oil to support its refiners. While India allows duty-free imports of crude vegetable oil, a Customs duty of 7.5 per cent is levied on refined oils.

MARKET DEVELOPMENT
23-09-2010

General Mills Ditches Dirty Palm Oil

23/09/2010 (Fast Company) - Sinar Mas, the now notorious purveyor of palm oil, just lost another customer.

MARKET DEVELOPMENT
22-09-2010

General Mills commits to 100 percent sustainable palm oil by 2015

22/09/2010 (General Mills) - General Mills said today it will â€œstrive to source 100 percent of our palm oil from responsible and sustainable sources by 2015.â€

MARKET DEVELOPMENT
22-09-2010

Palm Oil Climbs as Weather Threatens Oilseeds in China, India

22/09/2010 (Bloomberg) - Palm oil climbed on speculation that China and India, the biggest users, may boost imports as adverse weather threatens to damage local oilseed crops, and as a weaker dollar improved the investment appeal of commodities.

MARKET DEVELOPMENT
19-09-2010

Palm oil can be produced responsibly

19/09/2010 (Neste Oil) - The last couple of weeks have again witnessed a major anti-palm oil campaign by Greenpeace in Finlandâ€™s largest cities, based on claims that the use of palm oil as a raw material for producing fuel is destroying the worldâ€™s rain forests.While it is true that palm oil is not always produced in a way that respects nature and that bad practices in the field continue to exist, there are a number of responsible players in the business that have systematically developed production methods that meet responsible criteria and have helped set higher standards in the industry.

MARKET DEVELOPMENT
19-09-2010

Oil palm plantations on peatlands won\'t get carbon credits under CDM

19/09/2010 (Mongabay.com) - Plantations on peatlands will no longer be supported by the Clean Development Mechanism (CDM), a framework for industrialized countries to reduce their emissions via projects in developing countries, reports Wetlands International.

MARKET DEVELOPMENT
18-09-2010

Swashbuckling Greenpeace affecting poor Indonesians

18/09/2010 (Deforestation Watch) - Indonesia's palm oil industry that has been supporting the livelihoods of 2.8 million families or close to 10 million Indonesians. However, of late, it has to cope with resisting attacks from green groups that has forced its own government's to adopt a forest moratorium plan and from foreign companies that have capitulated to these green groups to stop buying crude palm oil (CPO). The moratorium obligation against the clearing of primary forests and peat lands set in a Letter of Intent (LoI)signed between Indonesia and Norway is expected to pose problems for the country's palm oil industry as the policy is regarded as counter-productive and an impediment to the country's status as the world's largest CPO producer.

MARKET DEVELOPMENT
16-09-2010

Crude palm oil futures recover on spot demand

16/09/2010 (Press Trust of India) - Crude palm oil prices recovered by Rs 2.70, or 0.65 per cent, to Rs 416.90 per 10 kg in futures market today, as speculators created fresh positions after an improvement in demand in the spot market.

MARKET DEVELOPMENT
15-09-2010

Crude palm oil futures dip 1.39 pc on lower global trend

15/09/2010 (PTI), New Delhi - Crude palm oil prices dropped by Rs 5.70, or 1.39 per cent, to Rs 405 per 10 kg in futures trade today, as traders and speculators reduced their positions, driven by a weakening trend in global markets.

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