Archived News

30/12/2010 (IPS), Belem, Brazil - Brazil hopes to eventually become a major producer of palm oil, thanks to the expansion of this new exotic monoculture crop in the eastern Amazon jungle, where eucalyptus plantations are also mushrooming on broad swaths of already deforested land.

30/12/2010 (Bloomberg) - Palm oil futures advanced, ending 2010 at the highest annual closing price in at least 15 years, on concern global supplies of cooking oils will tighten after rains disrupted harvesting in Indonesia and Malaysia.

29/12/2010 (Mongabay.com) - Alan Oxley, a lobbyist for industrial forestry companies in the palm oil and pulp and paper sectors, is deliberately misleading the public on deforestation and associated greenhouse gas emissions, said a top Indonesian climate official.

30/12/2010 (The Hindu) - On the National Conference on Oil Palm at Vijayawada in Andhra Pradesh (the largest producer in the country), Mr. M.C. Rao, palm oil farmer, Gajapati district, Orissa, stated, “Just like several Government agricultural departments, officials at the conference painted a false, bright, and positive picture about the prospects of the oil palm plantation for farmers taking up this cultivation.”

29/12/2010 (Jakarta Globe) - After years of playing second fiddle to Malaysia, Indonesia has now firmly established itself as the world’s biggest producer of crude palm oil. With production capacity of 19 million tons, this position is unlikely to be challenged going forward.

29/12/2010 (Business Green) - Sime Darby Plantation and Mitsui Engineering and Shipbuilding will form a joint venture to construct and operate a bioethanol demonstration plant in Malaysia, according to a statement released by the firms this week.

29/12/2010 (Commodity Online) - The refined soya oil futures soared to fresh yearly high on Tuesday on extended buying supported by strong overseas market.

29/12/2010 (IIFL) - Coconut oil prices breached record levels to touch Rs 86 a kg in the South. A combination of factors including renewed buying interest from corporate companies, unavailability of copra in local markets, new found demand for edible copra in North India and firm trends in the price of palm oil and palm kernel oil took coconut oil to new highs.

29/12/2010 (MSN) - After onion and tomatoes, edible oils could be the next big price driver of food inflation. February refined soya oil futures on the National Commodity and Derivatives Exchange (NCDEX) have moved up by almost 7% since November 10, peaking to Rs 638.35 per 10 kg on Monday.

28/12/2010 (Bernama) - The Muanad River, which is the source of water supply in the Beluran district, is now polluted, believed by waste from palm oil mills operating along the river.

28/12/2010 (Bernama) - Glenealy Plantations (Mlaya) Bhd\'s wholly-owned sub-sidiary, Timor Enterprises Sdn Bhd plans to dispose of a palm oil mill to Samling Plantation Sdn Bhd for RM19.8 million.

28/12/2010 (Peace FM Online) - Mrs. Ama Benyiwa-Doe, Central Regional Minister, has commended the management and staff of the Twifo Oil Palm Plantation (TOPP) for their significant contribution towards the socio-economic development of the Region and the country at large.