Archived News

09/11/2013 (BusinessGhana) - Members of the Roundtable on Sustainable Palm Oil (RSPO) are violating the rights of indigenous peoples and local communities in the forests and peatlands of tropical nations worldwide, according to a new research publication released today. The study details the performance of 16 oil palm operations, many run by RSPO members, reporting on their failure to uphold human rights and environmental standards required.

09/11/2013 (Business Recorder) - Thursday's Rotterdam vegetable oil prices at 1700 GMT.

08/11/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Thursday, stretching losses into a third day as investors continued to take profits from last week's steep gains, but prices were stuck in a range ahead of key output and inventory data.

08/11/2013 (AFP) - Forests are still disappearing and local communities disregarded by palm oil development despite a plan to put the sector on a sustainable footing, researchers warned as an industry gathering kicked off Thursday.

08/11/2013 (Business Times) - Kuala Lumpur Kepong Bhd (KLK), one of Malaysia's top five plantation companies, has made its maiden venture into Liberia to expand its oil palm land beyond Malaysia and Indonesia.

08/11/2013 (Borneo Post) - TSH Resources Bhd (TSH) foresees a significant improvement in earnings as more of its oil palm areas come into maturity.

08/11/2013 (Jakarta Post) - Oil palm plantation company PT Sawit Sumbermas Sarana is planning to float its shares on the market through an initial public offering (IPO) next month, with a goal of raising Rp 1 trillion (US$87.8 million).

08/11/2013 (Reuters) - A U.S. plan to ban artificial trans fats in processed foods could hit demand for as much as 15 percent of the nation's soyoil, an industry official estimated on Thursday, although analysts saw a limited market impact as use has already fallen sharply.

07/11/2013 (Reuters) - Malaysian palm oil futures fell to a one-week low on Wednesday as investors continued to take profits after prices surged to one-year highs last week, but the prospect of a drop in production capped losses.

07/11/2013 (The Guardian) - Large palm oil companies that have promised to act ethically have been accused of land grabbing, ignoring human rights and exploiting labour in their African and Asian plantations.

07/11/2013 (Jakarta Post) - Occupy, control and operate. This amounts to encroachment in Tesso Nilo. The encroachment relates to illegal palm oil trading derived from palm fruit grown inside the 167,000-hectare forest complex in Riau province, central Sumatra.

07/11/2013 (Reuters) - Malaysian palm oil stocks probably rose again in October, a Reuters survey showed, although the increase was limited because seasonal factors helping output began to fade and monsoon rains dented production.