Archived News

09/11/2010 (Black Sea Grain) - Indonesia will introduce mandatory green standards for palm oil producers next year to help boost output of the vegetable oil and safeguard the environment, officials said on Tuesday.

09/11/2010 (The Star Online) - IT looks like the race to get the Roundtable on Sustainable Palm Oil (RSPO) certification may be on again.

09/11/2010 (Agrimoney.com) - Palm oil prices are "ripe for a fall" thanks to a rise of up to 44% in Malaysian inventories by the end of the year, Rabobank has said.

09/11/2010 (Cargill), Jakarta - Smallholders at Cargill's oil palm plantation, PT Hindoli, have been officially awarded their Roundtable on Sustainable Palm Oil (RSPO) certification during the 8th Annual Roundtable Meeting on Sustainable Palm Oil in Jakarta on November 8-11, 2010. President of RSPO, Jan Kees Vis, presented the certification to the smallholders' cooperative representative from South Sumatra, Indonesia, which is the world's first smallholder scheme to become certified under the RSPO's Smallholder Principles & Criteria.

05/11/2010 (Food Ingredients First) - By the end of 2015, all palm oil used in The Netherlands will be sustainable, as certified by the Roundtable on Sustainable Palm Oil (RSPO). Today, all palm oil suppliers and buyers in the Dutch market, united in the Dutch Taskforce Sustainable Palm Oil, pledged to work collectively towards this goal. They did so in a Manifesto that was presented to the government of The Netherlands.

05/11/2010 (Environmental Leader) - Although a host of food and consumer product manufacturers have committed to using only sustainable palm oil over the past few years, The Netherlands is the first country to make this commitment thanks to the pledge of all palm oil suppliers and buyers in the Dutch market.

04/11/2010 (LBO) - Sri Lanka's Watawala Plantations September 2010 quarter net profit rose 14 percent to 10.7 million rupees from a year ago with gains from palm oil and rubber, a stock exchange filing said.

02/11/2010 (The Malaysian Insider), Kuala Lumpur — Planter Kulim expects profits for FY 2010 to be “much higher” than last year’s RM146 million, driven by its expansion into Papua New Guinea (PNG) and a rally in palm oil prices.

01/11/2010 (The Business Times), Kuala Lumpur - An industry body promoting green palm oil has approved plans by a key Indonesian planter last week to resolve concerns of environmental destruction that may prompt some customers to resume supply ties.

30/10/2010 (Eco Heart.com) - In response to rapid population growth in Asia and increasing demand in the Western world for trans-fat-free oils, the market for palm and palm kernel oil has exploded over the past thirty years. Palm-oil plantations grew from about 400 square miles in 1973 to almost 12,000 square miles by 2003. As a result, a virtual who's who of charismatic wild animals, including Sumatran tigers, orangutans and rhinos, and Asian elephants, are paying the price as their habitat is cleared to make way for palm-oil plantations.

30/10/2010 (The Star Online), Putrajaya - Second-largest listed palm oil planter in Malaysia IOI Corp Bhd is looking to expand into China’s downstream business of palm oil when the timing is right.

29/10/2010 (Bloomberg) - Palm oil declined from a 27-month high after trading at the smallest discount to soybean oil in three weeks, dimming its allure as a substitute.