Archived News

24/07/2013 (National Geographic) - Did you know that the world’s orangutan population has declined by more than 50 percent since 1992? And did you know that this decline is largely due to loss of habitat, notably for the development of palm oil plantations? Because of our hunger for luxury items like baked goods and cosmetics, the loss of pristine rainforest continues to rise. Even Starbucks, a company known (perhaps surprisingly) for it social activism, continues to purchase oil from unsustainable sources, at the cost of countless plant and animal species. Some companies have said they will change some time in the future, but when will “later” become “too late”?

24/07/2013 (Economic Times) - Indian state trading company PEC has issued an international tender to buy 18,000 tonnes of palm olein vegetable oil, European traders said on Tuesday.

24/07/2013 (The Nation) - The Malaysian Federal Land Development Authority (FELDA) has expressed its interest to work with Pakistan for growing palm oil in its coastal areas and help it reduce dependence on oil imports.

24/07/2013 (THISDAY Live) - The BRACED Commission, which is made up of the BRACED states of Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, Delta, is organising a meeting between the South-south states Commissioners for Agriculture with oil palm producers in the region. The meeting, which will hold at the Metropolitan Hotel in Calabar, Cross River State Wedensday is expected to underscore the region’s determination to revive and scale up oil palm production.

24/07/2013 (DAWN.com) - Malaysian palm oil futures edged 0.6 per cent lower in tight trade on Tuesday over demand concerns, although losses were capped by expectations of disappointing output in July that would prevent a sudden rise in stocks.

24/07/2013 (Reuters) - Malaysian palm oil futures edged 0.6 percent lower in tight trade on Tuesday over demand concerns, although losses were capped by expectations of disappointing output in July that would prevent a sudden rise in stocks.

23/07/2013 (Business Times) - The weak recovery in the crude palm oil (CPO) export market could be one of the reasons for the continued weak ringgit position, says Maybank FX Research.

23/07/2013 (Economic Times) - The Solvent Extractors' Association of India (SEA), a leading representative of oil and oilseed industry of India, has urged the government to exempt soybean oil, RBDpalmolein, castor oil and cotton seed from Commodity Transaction (CTT).

23/07/2013 (Independent European Daily Express) - With a propensity to devour everything in their path and spiral quickly out of control, leaving behind swathes of scorched earth, forest fires are considered a hazard in most parts of the world. In Indonesia, however, fires are the preferred method for clearing large areas of land for massive plantations of commercial crops.

23/07/2013 (Reuters) - Malaysian palm oil futures edged up in rangebound trade on Monday, fed by optimism that output in July could miss initial estimates, although sluggish exports damped investor appetite.

23/07/2013 (Bloomberg) - Palm oil advanced on speculation that demand may rebound this half as gains in crude oil boost the use of vegetable oils as biofuel feedstock.

23/07/2013 (Bloomberg) - Palm oil climbed for a second day as prices near the lowest level in more than seven months spurred demand from importers.