Archived News

16/02/2009 (Carbon Positive) - Using carbon markets to prevent deforestation in developing countries is unlikely to provide a high enough economic incentive to save tropical forests, a study has found. The European Commission’s Science for Environment Policy unit quotes a study published in the journal Environmental Science and Technology, which compares the returns from clearing tropical forest for palm oil plantations with the likely carbon costs if such emissions were priced.

15/02/2010 (Jakarta Globe) - As Indonesia looks for ways to meet its ambitious emissions-reduction targets, the Ministry of Forestry on Monday said it plans to issue a new regulation that would allow commercial forestry companies to plant crops such as palm oil in new concession areas.

15/02/2010 (Bloomberg) - Vegetable oil imports by India, the biggest user after China, climbed 10 percent in the three months ended January after a drought reduced cooking oil production and lower prices fueled demand.

16/02/2010 (PRWEB), San Jose, California - Palm oil, a kind of edible vegetable oil, is derived from the pulp of the fruit of the oil palm tree. Over the past 20 years, the share of palm oil in the worldwide vegetable oil market has grown two-folds along with a strong increase in global palm oil trade. This indicates that even the palm oil consumption has increased significantly worldwide. A few factors for the rapid growth of oil palm include: palm oil production costs that are low in comparison to other crops of similar nature, and annual yields or oil produced from a hectare of palm oil plantation is more than that produced by other types of vegetable oils.

16/02/2010 (Point Carbon.com) - Indonesia is set to redene oil palm plantations to prepare for a UN-led forestry carbon market.

14/02/2010 (Climatico) - The connections between climate change, deforestation and the growth of palm oil plantations are pretty clear. What to do is another thing. While it is easy enough to demand that the Indonesian government stop creating palm oil plantations this is an unrealistic objective. Caught between a rapidly increasing fiscal account deficit and its stated development goals, palm oil production is, like it or not, here to stay.

10/02/2010 (Dominican Today), Jakarta - Responding to news today that the palm oil arm of Sinar Mas, Golden Agri-Resources, has announced a plan to halt the destruction of Indonesia’s forests previously caused by their operations, Bustar Maitar, head of Greenpeace’s campaign to protect Indonesian forests, said:

10/02/2010 (Malay Mail Online), Petaling Jaya - British retail chain Marks & Spencer has been in Malaysia for decades, and yet it seems to have started a campaign against palm oil back in its home country.

10/02/2010 (Agrimoney.com) - An unexpectedly large fall in Malaysian palm oil production last month helped palm oil prices extend their winning streak to seven trading days, despite data showing a smaller cut in inventories than traders had expected.

09/02/2010 (Bloomberg) - PALM oil advanced to the highest level in almost three years on concern that output in Malaysia, the world’s second-largest producer, may decline after adverse weather affected crops.

09/02/2010 (Palm Oil HQ), Jakarta - Fitch Ratings has today said in a just published Special Report that it expects the Asian palm oil producers it rates to maintain sound credit profiles in 2010.

08/02/2010 (Agrimoney.com) - Palm oil prices are "likely to remain firm" this year, driving a pick up in plantings by Indonesian plantation owns, Fitch has said in a report flagging the sector's robust balance sheets".