Archived News

10/09/2013 (Borneo Post) - The second quarter 2013 (2Q13) results for the Malaysian planters have been viewed as largely disappointing, due mainly to higher-than-expected production costs. However, with seasonal peak fresh fruit bunches (FFB) production expected, flattish crude palm oil (CPO) prices and lower unit costs are expected to translate into better earnings for second half 2013 (2H13).

10/09/2013 (Bloomberg) - Palm oil imports by India, the world’s largest consumer, probably fell for the second month in August as a record plunge in the nation’s currency prompted buyers to defer purchases. Futures in Malaysia declined.

10/09/2013 (Economic Times) - Finnish refiner Neste Oil upgraded its full-year profit guidance on Tuesday, citing good results at its renewable fuels business, which makes diesel from palm oil and animal fats.

10/09/2013 (National Geographic) - We’ve all heard the news about palm oil. Tales of clear cutting and species loss and the relocation of indigenous peoples have graced the pages of Huffington Post Green, the New York Times and Monga Bay. The World Wildlife Fund for Nature (WWF) and other international conservation organizations have been at the forefront of the battle against the unsustainable development of palm plantations. And yet, it seems the science goes ignored and the pleas fall on deaf ears. There are already 8 million acres of land cleared for palm oil plantations in Indonesia and 9 million in Malaysia, and, according to Rainforest Action Network, the Indonesian government is already planning to convert another 44 million acres of pristine rainforest into plantations by 2020. More dramatic is what will be left when they’re finished: According to the United Nations Environment Program, as much as 98 percent of the country’s forests could be gone by 2022.

10/09/2013 (Newsroom America) - European Union biofuel policy is pushing up demand for palm oil, says a report released today by the International Institute for Sustainable Development.

10/09/2013 (4-Traders) - Cargill today announced that its palm oil plantation in West Kalimantan, Indonesia, PT Harapan Sawit Lestari (HSL), has received international recognition for its sustainable palm oil practices. HSL was awarded the certification for sustainable palm oil supply for biofuels according to the International Sustainability and Carbon Certification (ISCC) standards in the European Union (EU). This certification covers HSL's entire operations, including smallholder plantations managed by Cargill under the KKPA (Kredit Koperasi Primer Anggota) scheme, mill, and warehousing operations.

10/09/2013 (The Star) - Crude palm oil (CPO) futures for third month delivery fell RM40 to RM2,359 at midday on Tuesday.

09/09/2013 (Borneo Post) - Crude Palm Oil Futures (FCPO) rose for the week during the starting of September as weak ringgit spurred more buyer interest.

09/09/2013 (Borneo Post) - The US President Obama is still seeking the opinions on the Congress for declaring war against Syria while most members in United Nations (UN) do not openly support the military action. Gold prices saw jitters throughout last week due to uncertain market sentiment. The US non-farm payroll rose 169,000 in August with unemployment rate falling to 7.3 per cent. Expectation of tapering waned among traders as overall recovery still behaves in passive sentiment. Crude prices traded in small correction but still remained high towards weekend at 110 regions.

09/09/2013 (The Guardian) - EU policy on biofuels reaches a critical stage on Wednesday with a scheduled vote by the European parliament on proposed limits on the use of crop-based fuels.

09/09/2013 (AllAfrica.com) - The Federal Ministry of Agriculture and Rural Development has unveiled plans to distribute improved seedlings to 30,000 oil palm farmers under the Growth Enhancement Support (GES) scheme.

09/09/2013 (The Star) - World leaders met again in Rio de Janeiro, Brazil. This samba capital of the world hosted a global discourse on the fate of the planet.