Archived News

26/04/2013 (WebWire) - Hundreds of hectares of rainforest and tiger habitat protected under the Indonesian government’s moratorium have been destroyed, revealed Greenpeace International, following an investigation into Duta Palma, a notorious Indonesian palm oil producer and member of the Roundtable on Sustainable Oil (RSPO).

26/04/2013 (Bloomberg) - Palm oil advanced to a two-week high, heading for the first weekly gain in five weeks, as increased exports from Malaysia, the world’s largest producer after Indonesia, signaled a rebound in demand.

25/04/2013 (Economic Times) - Finnish refiner Neste Oil's renewable fuels unit turned profitable for the first time, helping lift the group's quarterly profit more than expected.

25/04/2013 (Bernama) - Indonesian economist Enny Sri Hartati assumed that major industrialised states, particularly the United States, conducted 'black campaigns' on Indonesian agro-based products by rejecting inclusion of certain commodities on the list of 54 eco-friendly goods, Indonesian news agency ANTARA reported.

25/04/2013 (AgriMoney.com) - What on earth is going on with Malaysian palm oil exports?

25/04/2013 (ANTARA News) - Director of the Institute for Development of Economics and Finance Enny Sri Hartati suggested the government collect data on damaged forest areas to prove that palm oil plantations do not cause damage to the environment.

25/04/2013 (Mongabay.com) - A major Indonesian palm oil producer continues to clear rainforests in Sumatra despite being a prominent member of the Roundtable on Sustainable Palm Oil (RSPO), casting doubts on the body\'s effectiveness in limiting deforestation, alleges a new report from Greenpeace.

25/04/2013 (Reuters) - Malaysian palm oil futures rose on Wednesday as buying interest surged after earlier losses, while hopes that near-stagnant output from the world's No.2 producer would help ease inventories also underpinned sentiment.

25/04/2013 (Reuters) - Indonesia is working on a regulation to restrict to 100,000 hectares the plantation area of new private palm oil firms, a government official said, as the world's top producer of the edible oil seeks to open up the industry to smaller players.

25/04/2013 (Bloomberg) - Malaysian ringgit forwards climbed toward a one-week high as a rebound in crude and palm oil prices brightened the nation’s export outlook. Government bonds were little changed.

25/04/2013 (Bloomberg) - PT Astra International (ASII), Indonesia’s biggest automotive retailer, said first-quarter net income slipped 7 percent from a year earlier due to higher costs and lower commodity prices that hurt its palm oil business.

24/04/2013 (Reuters) - Malaysian palm oil futures inched up on Tuesday as a drop in prices to 4-month lows in the previous session attracted some buyers, although gains were limited by slowing export demand.