Archived News
13-05-2010
Malaysia Palm Oil April Inventory Drops With Output
10/05/2010 (Bloomberg) - Palm oil stockpiles in Malaysia, the world’s second-largest producer, fell for a second month as output declined.
13-05-2010
Cooking oil firms challenge KPPU verdict
10/05/2010 (The Jakarta Post) - PT Sinar Mas Agro Resources and Technology (SMART), PT Salim Ivomas Pratama (SIMP) and several other cooking oil producers have vowed to challenge the antimonopoly agency's verdict that they were involved in cartel practices.
13-05-2010
Edible oil import to fall on low prices
08/05/2010 (Financial Express), New Delhi - India’s edible oil imports in April probably fell 12% from a year ago, pressured by low domestic prices and a fall in demand after summer arrived early, a Reuters survey showed.
13-05-2010
Wilmar to Invest $1 Billion in 2010
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
EU biofuel directive discriminatory
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.
10-05-2010
Palm Oil Futures Down on Crude, Debt Crisis Fears
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.
10-05-2010
Country spent $1.24bn on import of edible oil products in 2009
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.
10-05-2010
Brazil launches major push for sustainable palm oil in the Amazon
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.
10-05-2010
Brazil Announces Plan For Sustainable Palm Oil
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.
10-05-2010
Another Giant Bets on Palm Biodiesel in Brazil
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.
10-05-2010
Cargill denies allegations of illegal deforestation for palm oil production
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.
10-05-2010
Ivory Coast palm oil firm to cut emissions
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.