Archived News

26/06/2013 (India Times) - The Kerala high court Tuesday gave a clean chit to chief minister Oommen Chandy in the palm oil import case, dismissing a petition filed by CPM veteran VS Achuthanandan and former bureaucrat and legislator KJ Alphonse.

26/06/2013 (The Star) - The state needs to play a more active role to counter allegations by foreign environmentalists that oil palm plantations on peat soil are destructive to the environment.

26/06/2013 (PublicServiceEurope.com) - Firms backed by European finance are banking on the continued growth of the agrofuels and food commodity markets – but decisive action is needed to prevent harm to people and the environment, say campaigners

26/06/2013 (Jakarta Globe) - The Indonesian Palm Oil Association believes that its members are not to be blamed for the string of forest fires in Sumatra’s Riau province that attracted international attention.

26/06/2013 (Bloomberg) - Palm oil advanced for the first time in four days as exports from Malaysia, the second-largest producer, rose ahead of the Muslim fasting month of Ramadan.

25/06/2013 (Reuters) - Malaysian palm oil futures fell to their lowest in almost three weeks on Monday as they tracked weaker soybean oil markets, but losses were limited by expectations of robust export data on Tuesday.

25/06/2013 (FoodNavigator.com) - A new European palm oil supply agreement should make it easier for companies to source 100% segregated palm oil across the continent, say the companies behind the deal.

25/06/2013 (Indonesia Investments) - The price of crude palm oil (CPO), which has been under downward pressure for a long time as global turmoil lingers on, started to rebound due to falling stockpiles in Indonesia and Malaysia. Reserves of the commodity fell because of weather conditions and because of an increase in demand ahead of the Islamic fasting month (Ramadhan). The price of crude palm oil is expected to hit the USD $900 per ton mark in late 2013, up from USD $828-865 per ton in May and June. This price recovery is expected to continue.

25/06/2013 (Bernama) - Malaysian companies are not at fault in clearing land in Indonesia using fire, causing haze which has affected Singapore and parts of Malaysia, said Association of Plantation Investors of Malaysia in Indonesia (Apimi).

25/6/2013 (Bernama) - Oil palm plantation is reforestration and not the deforestration of tropical rainforest in both Malaysia and Indonesia as perceived by Western environmental non-governmental organisations (WENGOs), says Sarawak Plantation Bhd chairman Datuk Amar Hamed Sepawi.

25/06/2013 (Bernama) - Sarawak is not developing its oil palm industry at the expense of its natural forests, peat soil and the environment, Chief Minister Tan Sri Abdul Taib Mahmud said today.

25/06/2013 (Bernama) - Malaysia needs to accelerate structural reforms to ensure that its economy remains diversified and dynamic, said the World Bank.