Archived News

27/09/2010 (Zia View) - In a remarkable turn of events, the Round Table on Sustainable Palm Oil the RSPO, is policing its own ranks to be sure that those who are part of the group are working in the best interests of the environment in a big way.

28/09/2010 (Bloomberg) - India, the world’s second-biggest cooking oil consumer, may extend duty-free imports of crude palm and soybean oils by a further 12 months as it seeks to control domestic prices, two government officials said.

28/09/2010 (Bloomberg) - Palm oil dropped, slipping from yesterday’s 16-month high, on concern that a seasonal boost in output may expand stockpiles for a second month in September.

26/09/2010 (Bloomberg) - Palm oil output in Malaysia, the world's second-biggest producer, may exceed 18 million metric tons next year as adequate rains improve yields, according to the country's trade group

25/09/2010 (Hindustan Times) - The hearing of the 18-year-old palm oil import scam case has been postponed on Saturday to October 23, as the Supreme Court has not yet vacated its 2008 stay on the hearing of the case. As the case came up in the vigilance special court here, the state counsel said the apex court's stay on January 3, 2008 on a special leave petition by former Kerala chief minister K. Karunakaran, was still valid.

28/09/2010 (Channel News Asia), Singapore - After climbing steadily for most of the year, prices of crude palm oil are expected to hit a plateau.

28/09/2010 (Bernama), Kuala Lumpur - The Cabinet has agreed to include the rubber industry as part of the National Key Economic Areas (NKEA) along with the palm oil industry, to preserve the importance of the indutry to the country, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said.

27/09/2010 (Bernama), Kota Kinabalu - The Wakuba oil palm ramet (cloned seedling) brand was launched by Plantation Industries and Commodities Minister Tan Sri Bernard Dompok on Monday.

27/09/2010 (Agra-net.com) - UNILEVER, the Anglo-Dutch consumer goods giant, will have even more sway in the world palm oil markets after making its biggest deal in a decade, landing US personal care group, Alberto Culver, for $3.7bn.

25/09/2010 (The Hindu Business Line) - The Malaysian Government will continue promoting export of refined palm oil to support its refiners. While India allows duty-free imports of crude vegetable oil, a Customs duty of 7.5 per cent is levied on refined oils.

23/09/2010 (Fast Company) - Sinar Mas, the now notorious purveyor of palm oil, just lost another customer.

22/09/2010 (General Mills) - General Mills said today it will “strive to source 100 percent of our palm oil from responsible and sustainable sources by 2015.”