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Indonesian firm in $1.3 bln palm plantation bid
www.reuters.com
[Reuters] - The deal was costlier than recent transactions by some listed firms, based on an enterprise value of nearly $16,000 per hectare and assuming no debt, said Ivy Ng, palm oil sector analyst for CIMB in Kuala Lumpur. That was a positive sign for the market
Weakening Demand Spells Lower Prices For Palm Oil
www.thejakartaglobe.com
[Jakarta Globe] - Stockpiles in Malaysia may have jumped to a record 2.6 million tons at the end of September, Ivy Ng, an analyst at CIMB Group Holdings Bhd., wrote in a report today. Inventories in Indonesia have hovered between 3.5 million tons and 4 million tons
Palm Oil Little Changed as Tax Proposal Counters Price Forecast
www.bloomberg.com
[Bloomberg] - Stockpiles in Malaysia may have jumped to 2.6 million tons at end-September, Ivy Ng, an analyst at CIMB Group Holdings Bhd. (CIMB), said yesterday. Inventories reached an all-time high of million tons in November 2008, said the Malaysian Palm Oil
Google News: Palm oil prices hit 3-year lows
[Financial Times] - Ivy Ng, analyst at CIMB, a Malaysian bank, said: “The sharp decline could be due partly to the weaker palm export data for September and concerns over strong supply.” Nomura said last week that weakness in palm oil prices could be because of possible
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