Archived News

22/09/2010 (Bloomberg) - Palm oil climbed on speculation that China and India, the biggest users, may boost imports as adverse weather threatens to damage local oilseed crops, and as a weaker dollar improved the investment appeal of commodities.

19/09/2010 (Neste Oil) - The last couple of weeks have again witnessed a major anti-palm oil campaign by Greenpeace in Finland’s largest cities, based on claims that the use of palm oil as a raw material for producing fuel is destroying the world’s rain forests.While it is true that palm oil is not always produced in a way that respects nature and that bad practices in the field continue to exist, there are a number of responsible players in the business that have systematically developed production methods that meet responsible criteria and have helped set higher standards in the industry.

19/09/2010 (Mongabay.com) - Plantations on peatlands will no longer be supported by the Clean Development Mechanism (CDM), a framework for industrialized countries to reduce their emissions via projects in developing countries, reports Wetlands International.

18/09/2010 (Deforestation Watch) - Indonesia's palm oil industry that has been supporting the livelihoods of 2.8 million families or close to 10 million Indonesians. However, of late, it has to cope with resisting attacks from green groups that has forced its own government's to adopt a forest moratorium plan and from foreign companies that have capitulated to these green groups to stop buying crude palm oil (CPO). The moratorium obligation against the clearing of primary forests and peat lands set in a Letter of Intent (LoI)signed between Indonesia and Norway is expected to pose problems for the country's palm oil industry as the policy is regarded as counter-productive and an impediment to the country's status as the world's largest CPO producer.

16/09/2010 (Press Trust of India) - Crude palm oil prices recovered by Rs 2.70, or 0.65 per cent, to Rs 416.90 per 10 kg in futures market today, as speculators created fresh positions after an improvement in demand in the spot market.

15/09/2010 (PTI), New Delhi - Crude palm oil prices dropped by Rs 5.70, or 1.39 per cent, to Rs 405 per 10 kg in futures trade today, as traders and speculators reduced their positions, driven by a weakening trend in global markets.

14/09/2010 (Agri Money.com) - A slowdown on palm oil plantings forced by environmental lobbyists is likely to foster a long-term rise in prices of the vegetable oil, MP Evans said, forecasting that the trend would boost its own prospects.

13/09/2010 (Bloomberg) - Palm oil climbed to the highest level in almost a month after a rally in crude oil lifted the appeal of the vegetable oil as a feedstock for biodiesel and higher than estimated industrial production in China boosted optimism in a global economic recovery.

09/09/2010 (Green Spot Blog.com) - According to an artcile in GreenBiz.com, Burger King has become the latest company to stop buying palm oil from an embattled Indonesian company its critics accuse of deforestation.

09/09/2010 (Guardian.co.uk) - This is a story about the maddest energy scheme the world has seen since Ferdinand Marcos built a nuclear power station on a geological faultline. As I write, councillors in Newport, south Wales, are sitting down to decide whether or not to approve a new power station that burns vegetable oil. It's one of several being considered in the UK. These plans owe their existence solely to government policy.

08/09/2010 (Bloomberg) - A rally in palm oil may cool demand for the world’s most used cooking oil and prompt some buyers to switch to soybean oil, according to Adani Wilmar Ltd., India’s second-biggest importer of vegetable oils.

08/09/2010 (Bloomberg) - A rally in palm oil may cool demand for the world’s most used cooking oil and prompt some buyers to switch to soybean oil, according to Adani Wilmar Ltd., India’s second-biggest importer of vegetable oils.