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MARKET DEVELOPMENT
03-07-2008

Palm rises as crude oil supports veg oils

02/07/2008 (The Economic Times), Kuala Lumpur - Malaysian crude palm oil futures rose 1.2 per cent on Wednesday as crude oil prices hovered near record levels, bolstering vegetable oil markets from China to the US. But slowing overseas demand last month weighed on palm oil, which is about 19.3 per cent off a record high of 4,486 ringgit per tonne.

MARKET DEVELOPMENT
03-07-2008

China To Track Edible Oil Imports From Aug 1

02/07/2008 (Bernama), Beijing - China, the world's largest vegetable oil importer, will begin tracking imports of six edible oil commodities including soybeans and palm oil from Aug 1 to manage supplies as it battles inflation fuelled by rising food prices.

MARKET DEVELOPMENT
03-07-2008

Tough first half for world markets

01/07/2008 (The Star Online), Petaling Jaya - The first half year was a tough one for stock investors and the bad news is that most people believe it won't get easier any time soon.

MARKET DEVELOPMENT
03-07-2008

â€˜Indian entrepreneurs in Sri Lanka flouting spirit of FTAâ€™

01/07/2008 (The Hindu Business Line), Mumbai - Some of the Free Trade Agreements (FTAs) the country has got into in recent years have resulted in unintended adverse consequences, primarily because of non-application of mind at the time of negotiations and signing of the agreement as also lackadaisical enforcement of rules subsequently.

MARKET DEVELOPMENT
30-06-2008

Palm oil may correct lower

29/06/2008 (Sify.com) - Malaysian palm oil futures ended higher on Friday due to short-covering and higher crude oil prices. Oil leapt to a new record high near $142 a barrel on Friday. Crude oil and soya oil are supporting prices presently, but, lack of further demand from the leading consumersâ€“ China and Indiaâ€“is leading to an increase in stock piles. However, hopes remain high that during the festival season, India, China and West Asia would begin purchases in a big way.

MARKET DEVELOPMENT
30-06-2008

India, Indonesia close to sorting differences in ASEAN FTA

29/06/2008 (PTI), New Delhi - India is believed to be working out a trade off with Indonesia on palm oil, the last hurdle to a Free Trade Agreement that New Delhi has been negotiating with ASEAN for several years.

MARKET DEVELOPMENT
30-06-2008

CSM May Have Higher-Than-Anticipated Palm Oil Costs

27/06/2008 (Bloomberg) - CSM NV, the world's largest supplier of lactic acid and ingredients to bakeries, said raw-material costs may exceed its initial estimate for this year and last after the price of palm oil and wheat increased.

MARKET DEVELOPMENT
26-06-2008

Asian palm-oil industry rating outlook positive - Moody\'s

26/06/2008 (Forbes), Mumbai - Moody's Investors Service said it has a positive rating outlook for the Asia Pacific's rated palm-oil industry over the next 12 to 18 months after a rapid rise and continued high prices for crude palm oil (CPO) in the past 18 months strengthened balance sheets of Asian palm-oil producers, who responded by buying more plantations and increased planting of greenfield properties.

MARKET DEVELOPMENT
26-06-2008

Tradewinds plans to go downstream

26/06/2008 (The Star Online), Kuala Lumpur - Tradewinds Plantation Bhd needs to own a sizeable oil palm land bank of about 200,000ha before it can fully embark on downstream operation.

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