Archived News

18/10/2012 (Jakarta Post) - Plantation company PT Astra Agro Lestari (AALI), part of diversified conglomerate PT Astra International (ASII), saw its crude palm oil (CPO) production grow by 11.2 percent to 1.03 million tons in the third quarter of this year from the same period last year. In September alone, the publicly listed company reported that its CPO production reached the highest level so far this year with 147,890 tons.

18/10/2012 (EurActiv) - Representatives of Europe’s biofuels industry have threatened to sue the European Commission if it proceeds with plans to limit crop-based biofuels because of their indirect effect on greenhouse gas emissions.

18/10/2012 (4-Traders) - The Seventh China International Oils and Oilseeds Conference jointly organized by Dalian Commodity Exchange (DCE) and Bursa Malaysia Derivatives (BMD) will be held in Shangri-La Hotel Guangzhou, China on November 7th-8th, 2012. At present would-be participants may register for the conference. China International Oils and Oilseeds Conference is the first high-end industrial meeting hosted by domestic futures board of trade for the purpose of actively playing the role of futures markets and serving industrial development. The above two exchanges have successfully organized the conference for six times.

17/10/2012 (Bernama) - China's import of palm oil is foreseen to reach about six million tonnes next year due to increasing demand, says the Malaysian Palm Oil Council.

17/10/2012 (Reuters) - Malaysian palm oil futures ended slightly lower on Tuesday after top industry analysts projected weaker prices and as investors digested news that export tax cuts will only take effect next year.

17/10/2012 (Jakarta Globe) - Indonesia, the largest palm-oil producer, has been gaining market share in Pakistan and may extend its position after a free-trade agreement, or FTA, comes into effect, according to Dalda Foods Pakistan, an importer.

17/10/2012 (Jakarta Globe) - Samarinda. The government of East Kalimantan is set to provide 1.4 million hectares of land to be planted with palm fruit trees until 2014, more than doubling the area in a move that should boost crude palm oil production.

17/10/2012 (Daily Times) - The prices of ghee and cooking oil have reduced by Rs 200 per 16 kilogrammes (kgs) in the city providing some relief to the poverty-stricken people. The decline in rates came into effect following a drop in the international rates of palm olien.

17/10/2012 (Biofuels International) - Felda Global Ventures Holdings is developing a renewable energy plant in Malaysia that will turn palm oil mill effluent (POME) into biogas.

17/10/2012 (Bangkok Post) - Bangchak Petroleum Plc (BCP), the state majority-owned oil refiner and retailer, will invest 1.2 billion baht in two biodiesel projects, says president Anusorn Sangnimnuan.

17/10/2012 (Bloomberg) - Palm oil fell on concern that inventories in Malaysia, the second-largest producer, will expand as a global economic slowdown weakens demand for the vegetable oil used in food and biofuels.

17/10/2012 (Triple Pundit) - Child labor is all too common on palm oil plantations in the Philippines, as a study by the Manila-based Center for Trade Union and Human Rights (CTUHR) found. The study looked at palm oil plantations in the Caraga region of the island of Mindanao in the Philippines and found that 24 percent of workers in the industry are children between five and 17 years old. Children working on the palm oil plantations work up to 12 hours a day, and some jobs they perform are as tough as hauling a 15 to 50 kilogram fruit bunch and loading it on a truck.