Archived News

05/12/2010 (Eco-Business), Jakarta - Many of Asia’s major palm oil players have reaffirmed their commitment to improve sustainability standards in the palm oil industry. But key players also say there are many obstacles ahead – and some are expanding into Africa to take advantage of what could prove a much more lucrative market.

03/12/2010 (Bloomberg) - Cooking oils prices will extend a rally as rising global demand exceeds supplies curbed by drought and heavy rains, pushing palm oil to 3,600 ringgit a ton this month, according to Dorab Mistry, director of Godrej International Ltd.

03/12/2010 (Bloomberg) - Palm oil prices will drop in December before resuming a rally from January to April next year, fuelled by the tight supplies, Thomas Mielke, executive director of Oil World, said today.

03/12/2010 (Bakery and Snacks) - Bread ingredients supplier Sonneveld, which recently joined the Roundtable on Sustainable Palm Oil (RSPO), has announced its goal to use only sustainable palm oil in its bakery ingredients from 2013.

03/12/2010 (Asia Sentinel) - Report seeks to block continuing UN-sponsored forest protection in Cancun. With a 12-day joint climate change summit underway in Cancun, Mexico attempting to make progress on REDD – Reduced Emissions from Deforestation and Forest Degradation – a palm oil industry group has issued a 38-page report saying that in fact conservation of forests in developing countries such as Indonesia will do more harm than good.

03/12/2010 (The Daily Mail), Karachi - As import of palm oil from Malaysia has crossed to well over $2 billion per annum, the Malaysian Palm Oil Board (MPOB) has agreed to extend technical co-operation to Pakistan's growers of palm plants in coastal areas of Sindh and Punjab.

02/12/2010 (Reuters) - Indonesia's export tax on palm oil products remains at comfortable levels but any steps by the government to change the structure needs to equally benefit planters and refiners, a top planter said late on Thursday.

02/12/2010 (Business Standard) - Crude palm oil prices rose Rs 4.50 to Rs 524.50 per 10 kg in futures trade today, as speculators created fresh positions on expectations of a firm trend in spot markets due to the ongoing marriage season.

02/12/2010 (The Jakarta Post) - Bali was to host a two-day national conference on palm oil in Nusa Dua, starting Thursday.

02/12/2010 (Xinhua News Agency), Jakarta - Indonesia's Deputy Trade Minister Mahendra Siregar said on Thursday that he has filed a protest to the World Bank and the International Finance Corporation (IFC) related to a draft of the World Bank Group's Framework for Engagement in the Palm Oil, detikcom online news reported on Thursday.

02/12/2010 (The Jakarta Post) - Bank Mandiri says it has disbursed Rp 30.2 trillion (US$3.35 billion) in palm oil sector loans in the first nine months of 2010, up 35 percent from the same period last year.

02/12/2010 (Bloomberg) - Palm oil advanced for a fourth day to the highest price in more than two years on speculation that the global demand for vegetable oils will surpass demand.