Archived News

28/10/2010 (Business Times) - MALAYSIAN palm oil extended losses yesterday and China’s soyoil market tumbled from two-year highs as a stronger dollar made commodities priced in the currency expensive and unattractive as an inflation hedge.

27/10/2010 (Mongabay) - A group of prominent scientists has published an open letter challenging the objectivity of World Growth International, an NGO that claims to operate on behalf of the world's poor, and its leader Alan Oxley, a former trade diplomat who also chairs ITS Global, a marketing firm.

27/10/2010 (Guardian) - Palm oil has been a big issue on the sustainability agenda for many years now. Despite the best efforts of the Roundtable on Sustainable Palm Oil (RSPO), and genuine improvements in responsible sourcing by several major brands, there are still serious issues around lack of transparency, deforestation, and threats to biodiversity.

27/10/2010 (Flex News Food) - Today, a seminar on sustainable palm oil under auspice of the Roundtable on Sustainable Palm Oil (RSPO) was held in Düsseldorf/Neuss, Germany. The seminar was organized by IOI-Loders Croklaan Europe, an executive board member of the RSPO.

27/10/2010 (Reuters) - Agribusiness giant Cargill Inc may well become the first major palm oil buyer to invest in a carbon credit scheme that rewards nations like Indonesia for preserving forests, a key official said on Wednesday.

27/10/2010 (The Star Online), Petaling Jaya - With the price of crude palm oil (CPO) trading above RM3,000 per tonne, plantation companies in Peninsular Malaysia have started paying the palm oil windfall profit tax (WPT) while their peers in Sabah and Sarawak are expected to follow suit.

26/10/2010 (Reuters), London - African palm oil producer Siat Group is set to get its Ghanaian output certified as sustainable by early next year, the Brussels based firm said on Tuesday.

26/10/2010 (Platts), Singapore - Indonesia, a burgeoning exporter of biodiesel in Southeast Asia, announced Tuesday that it will raise export tax on crude palm oil to 10% in November, up 2.5 percentage points from October, but will maintain the export tax on biodiesel at 2%.

26/10/2010 (Commodity Online) - Crude palm oil futures staged a rally on Monday on follow through buying supported by the rally seen in international market.

26/10/2010 (Solomon Star) - All palm products recorded increases in the second quarter, re?ecting high commodity prices as well as high cropping season during the period.

26/10/2010 (The Star Online) - THE recurring forest fire in the oil palm concession area of Sumatra causing massive haze and air pollution has certainly added another issue to Western environmental NGOs.

25/10/2010 (Bernama) - The Economic Transformation Programme (ETP) roadmap will see the natural growth of Malaysia's palm oil industry to capture three business opportunities worth RM57.6 billion by 2020.