Archived News

01/07/2013 (Jakarta Post) - A report has revealed that Golden Agri Resources (GAR), the Sinarmas Group’s oil palm business, is expanding its oil palm plantations in more than 20,000 hectares of forests in Papua. The expansion permit was obtained after the forests were removed from the government’s moratorium map on primary forests, the report says.

01/07/2013 (Bloomberg) - Palm oil gained for the first time in four days as exports from Malaysia, the world’s second-largest producer, climbed ahead of the Muslim fasting month of Ramadan.

01/07/2013 (GhanaWeb) - Newmont Golden Ridge Limited, Akyem Project, in line with its commitment to improve the wellbeing of its operating communities, has trained women in income generating ventures.

01/07/2013 (Bloomberg) - Wilmar International Ltd. (WIL), the world’s largest palm oil trader, plans to cut ties with Indonesian suppliers that clear land with illegal fires after blazes engulfed Singapore in a record haze.

01/07/2013 (Jakarta Post) - Indonesia, the 2013 chair of the Asia-Pacific Economic Cooperation (APEC), which will hold its summit meeting in Bali in early October, has launched a concerted campaign to include palm oil and rubber on the APEC list of environmental goods (EG), thereby entitling these commodities to import tariffs of 5 percent maximum.

01/07/2013 (AFP) - Southeast Asian nations urged Indonesia Sunday quickly to ratify a treaty aimed at preventing fires in its giant rainforests that regularly inflict choking smog on its neighbours.

01/07/2013 (Reuters) - Malaysian palm oil giant Sime Darby has received the green light from villagers in western Liberia to clear 5,000 hectares of land for a plantation, after a non-governmental organisation have accused it of a land grab.

01/07/2013 (The Star) - Malaysia has opened the doors for its businessmen to venture into Africa by having smart partnerships with countries in the continent, said Prime Minister Datuk Seri Najib Tun Razak.

01/07/2013 (The Guardian) - Penguins are coming to the aid of gorillas, according to a survey which reveals that the UK's leading biscuit manufacturers are responding to the environmental threats of palm oil production.

02/07/2013 (Bernama) - The Honourable Dato Sri Douglas Uggah Embas, Minister of Plantation Industries and Commodities, Malaysia officiated the First Malaysia-Vietnam Palm Oil Trade Fair and Seminar 2013 (POTS) at New World Hotel today. Themed Sharing Solutions, Shaping the Visions, this event provides insights, solutions and trend analysis on the economic opportunities in the palm oil trade.

29/06/2013 (Reuters) - Malaysian palm oil futures dipped to touch a fresh one-month low on Friday, tracking weak global commodity markets, while investors braced for a key U.S. agricultural report that is slated to show record planting of competing soybean.

29/06/2013 (Stock Market Wire) - Shares in Equatorial Palm Oil, the palm oil development and production company with operations in Liberia, West Africa, have been temporarily suspended from trading on AIM.