Archived News

17/05/2010 (Reuters), Kuala Lumpur - Swiss-based Nestle, the world\'s biggest food group, will work with a non-profit organisation to probe the firm\'s palm oil suppliers for evidence of rainforest and wildlife destruction.

17/05/2010 (Lankan Business Online (LBO)) - High rubber and palm oil prices helped Sri Lanka's Agalawatte Plantations make a net profit of 36 million rupees in the March 2010 quarter compared with a loss of 68 million rupees the year before, latest accounts showed.

17/05/2010 (Bernama), Kuala Terengganu - TDM Bhd, a Terengganu state government owned company is planning on raising the production capacity of each hectare of palm oil estate owned by it to raise the company's profit level.

17/05/2010 (The Sydney Morning Herald (SMH)) - Environment group Greenpeace has claimed social media led to its success in a campaign that linked global food giant Nestle's chocolate bar KitKat to deforestation in Indonesian rainforests and the destruction of orang-utan habitats.

17/05/2010 (Bloomberg) - Palm oil dropped to the lowest level in more than three months on concern that the global economic recovery may be derailed by European austerity measures, spurring a slump in crude oil and soybean oil.

17/05/2010 (Grist) - Finally ... some good news! Today, Nestle, the world's biggest food and drinks company, announced that it will cease using products that drive the tropical rainforest destruction.

14/05/2010 (The Star Online), Kota Kinabalu - Oil palm industry players here are being asked to create forest corridors to enable wildlife such as orang utan and Borneo pygmy elephants to move within their habitats.

14/05/2010 (Business Stardard) - Owing to already piled-up stocks at ports, India’s vegetable oil imports dipped by 22 per cent to 5,43,000 tonnes in April as against 6,99,000 tonnes in the year-ago period, the Solvent Extractors Association of India (SEA) has said.

13/05/2010 (AFP), Kuala Lumpur - Malaysian conglomerate Sime Darby said Thursday it had asked its chief executive to take leave of absence after huge cost overruns in its energy and utilities division.

13/04/2010 (Agrimoney) - Palm oil is to reopen a "large" discount to soyoil, as a rapid growth in output from top-ranked producer Indonesia floods the market with supplies, the US Department of Agriculture has said.

13/05/2010 (South Sentinel) - If oil from the Gulf spill comes to South Florida, a different scene is likely to unfold from the desperate struggle taking place off the Louisiana coast.

13/05/2010 (Bloomberg) - India, the world’s second-biggest vegetable oil consumer after China, may boost imports of soybean oil by 80 percent this year as its premium over rival palm oil drops amid record global output.