Archived News

11/07/2011 (Pakistan Observer) - Islamabad—The Directorate General of Intelligence and Investigation, Inland Revenue Federal Board of Revenue has started sector analysis of edible oil industry, taking into account import volume of Rs 197 billion raw materials consumed during first 11 months of 2010-11 and registration of around 10,000 to 15,000 wholesalers and distributors with the sales tax department.

11/07/2011 (Bloomberg) - Palm oil climbed for a second day to the highest level in a week as crude advanced, lifting the appeal of vegetable oils as a biofuel feedstock, and on gains in rival soybean oil.

11/07/2011 (Manila Buletin) - Nakeen Corporation got the nod of the Board of Investments (BoI) for its P174-million project as a new domestic producer of oil palm fruits in a 600-hectare plantation in Impasugong, Bukidnon.

11/07/2011 (Mongabay.com) - Members of the European Parliament have voted in favor of listing specific vegetable oils — including palm oil — on product labels, reports the Clear Labels, Not Forests initiative which pushed for the measure.

11/07/2011 (CosmeticsDesign-Europe.com) - The retail chain’s Indonesian unit has declared it will exclusively source certified sustainable palm oil and implement the RSPO trademark on products in a bid to urge consumers to choose products from a sustainable source.

11/07/2011 (Jakarta Post) - President Susilo Bambang Yudhoyono told CNN recently that Indonesia was committed to achieving a 26 percent reduction in CO2 emissions by 2020 while concurrently maintaining its rapid economic growth.

11/07/2011 (Euractiv) - After the European Parliament adopted earlier this week (6 July) new rules on food labelling, the EU executive is now set to start working on excluded dossiers, including alcohol and transfats.

11/07/2011 (Tempo Interactive) - The government is studying exports to the Netherlands. The trade potential between both countries is predicted to be larger following the signing of an MoU.

11/07/2011 (Domestic Fuel) - Europe’s $13 billion biodiesel industry could be in jeopardy according to an article published by Reuters that claims that the European Union (EU) plans to tackle unwanted side effects of biofuel production. The turn-about in support of biodiesel has been in part spurred by fear over climate change and several recent papers leaked from the European Commission that purport that biodiesel’s indirect impacts cancel out the majority of its benefits.

11/07/2011 (Bloomberg) - Overseas buyers may boost investment in agriculture assets in Australia, the fourth-biggest shipper of wheat, as they seek to secure supply to meet surging food demand, said Queensland Sugar Ltd. Chairman Alan Winney.

08/07/2011 (Bloomberg) - Palm oil advanced for the first time in three days as gains in crude oil lifted the appeal of the vegetable oil as a biofuel feedstock.

08/07/2011 (Bakery Info) - Edible oils and fats supplier AAK UK is warning manufacturers not to make misleading claims when buying sustainable palm oil products.