Archived News

01/05/2010 (Straits Times, Singapore) - SINGAPORE'S palm oil giant Wilmar International said on Monday it is boosting its capital expenditure this year to at least $1 billion as it seeks attractive investment opportunities for the group's future growth.

10/05/2010 (Business Times, Malaysia) - A NEW European research report has claimed that the European Union's (EU) Renewable Energy Directive (RED) discriminates against non-EU producers of biofuels such as palm oil.

09/05/2010 (Jakarta Globe) - Palm oil futures declined last week, posting the first weekly loss in three weeks, as Europe’s debt crisis curbed investors’ risk appetite and concerns grew that the recent drop in crude oil prices may reduce demand for biodiesel.

08/05/2010 (Daily Times, Pakistan), Karachi - Country’s edible oil products import bill stood at $1.24 billion in 2009, which shows an increase of around 4.4 percent compared to imports in 2008, Pakistan Vegetable Oil Mills Association (PVOMA) said on Friday.

07/05/2010 (Mongabay.com) - Brazilian President Lula da Silva on Thursday laid out plans to expand palm oil production in the Amazon while minimizing risk to Earth's largest rainforest, reports Globo and Terra Brasil.

07/05/2010 (AlterNet) - Palm oil production has long been a contentious issue and a double-edged sword. On the one hand, the oil's renewable source and application as biofuel make it an appealing alternative, but on the other, some of the most devastating deforestation has occurred to cultivate it. But in a policy move designed to both protect its remaining forests and replenish parts already lost, Brazil announced today a plan to expand its palm oil cultivation into previously deforested regions, promising a sustainable alternative to the destructive methods practiced in other parts of the world.

07/05/2010 (Gerson Lehrman Group) - Following Vale's steps, Petrobras, the Brazilian oil company, will invest in the production of biodiesel based on palm oil. The goal: supply the European biofuel market in 2014 and onwards. This is good news - for everyone.

07/05/2010 (AP Food Technology) - Cargill has denied allegations made by the Rainforest Action Network (RAN) which claims that the company has destroyed rainforest for its palm oil plantations.

07/05/2010 (Reuters), Abidjan - Ivory Coast's top palm oil producer has joined forces with Swedish carbon offset firm Tricorona to replace its fossil fuel inputs with waste wood chips and palm kernels, the firm said.

07/05/2010 (ANTARA News), Yogyakarta - Indonesia and Malaysia, the world`s two largest palm oil producers, agreed at a meeting here on Thursday to deal with negative campaigns against the two countries` palm oil industry.

06/05/2010 (Tree Hunger) - Palm oil production has long been a contentious issue and a double-edged sword. On the one hand, the oil's renewable source and application as biofuel make it an appealing alternative, but on the other, some of the most devastating deforestation has occurred to cultivate it. But in a policy move designed to both protect its remaining forests and replenish parts already lost, Brazil announced today a plan to expand its palm oil cultivation into previously deforested regions, promising a sustainable alternative to the destructive methods practiced in other parts of the world.

06/05/2010 (The Jakarta Post) - Unilever, the world’s biggest purchaser of palm oil, says it will continue to buy at least 65 percent of the company’s crude palm oil (CPO) from Indonesia despite suspending orders from massive palm oil producer PT Sinar Mas Agro Resources and Technology (SMART).