Archived News

22/03/2013 (Reuters) - Malaysian palm oil futures ended off their highest in more than three weeks on Thursday after refiners took advantage of a cheap local tax rate to boost crude palm oil purchases.

22/03/2013 (Bloomberg) - Palm oil climbed to the highest level in almost a month on speculation that an increase in exports from Malaysia and a decline in output will reduce inventories in the world’s largest producer after Indonesia.

22/03/2013 (Bernama) - The oil palm industry in Sarawak, which has emerged as one of the state\'s most dynamic industries in terms of employment opportunities, revenue earned, transfer of technologies and downstream development of many related industries, should be viewed positively as a nation builder, Sarawak Oil Palm Plantation Owners Association (SOPPOA) vice chairman Paul Wong said Thursday.

22/03/2013 (Greenpeace UK) - Today is the UN’s International Day of Forests. It’s also about two years since you helped us persuade Golden Agri Resources to stop chopping down Indonesia’s rainforests. Sounds like a good time to look at what happened next.

22/03/2013 (Mongabay.com) - Ants are an important ecological group in both degraded and natural habitats. They interact with many other species and mediate a range of ecological processes. These interactions are often interpreted in the context of ant mosaics, where dominant species form strict territories, keeping other ants out. This segregation between ant species is well-documented in monoculture plantations. Now new research published in Ecography has shown that these changes are driven by the replacement of rainforests with monocultures and not the arrival of non-native species.

22/03/2013 (Triple Pundit) - Is this an excuse to eat more donuts? Another major food company joined the ranks of companies with commitments to buy 100 percent sustainably sourced palm oil. The company is Dunkin’ Brands Group, the parent company of Dunkin’ Donuts and Baskin-Robbins, and the New York state Comptroller Thomas DiNapoli made the announcement a few weeks ago. DiNapoli filed a shareholder resolution asking Dunkin’ Donuts to address the environmental problems associated with palm oil production. He withdrew the shareholder resolution, as a result of Dunkin’ Brands Group’s commitment. DiNapoli is the trustee of New York’s pension fund, which owns about $1.9 million worth of the company’s stock.

22/03/2013 (4-Traders) - New Britain Palm Oil Limited (LSE: NBPO), one of the world\'s largest fully integrated producers of sustainable palm oil, announces the following operational update.

22/03/2013 (Business Recorder) - Thursday\'s Rotterdam vegetable oil prices at 1700 GMT.

22/03/2013 (Bloomberg) - Palm oil may advance 10 percent through May as Malaysia’s currency weakens before elections and inventories drop in Indonesia and Malaysia, the top producers, said Dorab Mistry, director at Godrej International Ltd.

22/03/2013 (Economic Times) - Crude palm oil futures prices rose by Rs 1.60 to Rs 456.80 per 10 kg today, extending gains for the fourth day, as speculators built up positions amid strong spot demand.

21/03/2013 (Reuters) - Malaysian palm oil futures rose to the highest in more than a week on Wednesday on higher/ export demand, although gains were curbed after Cyprus\'s rejection of a proposed bailout plan led to worries of a default.

21/03/2013 (The Star) - The Government is expected to put in place the long-awaited Malaysian Sustainable Palm Oil (MSPO) standard before the end of the year, following in the footsteps of Indonesia, which launched its national palm oil standard in 2011.