Archived News

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).

06/05/2010 (Economic Times) - Baby vegetables may have glamour. But oil palms – nerdy tropical trees with oily fruit – have won the corporate farming sweepstakes. Oil palm plantations have become to cooking oil companies what coal blocks are to power plants: a sure-shot bet on India’s exploding energy demand.

05/05/2010 (AFP), Kuala Lumpur - Palm oil producers from Malaysia said Wednesday they had formed a coalition with their counterparts in Indonesia to counter intensified campaigns that blame the industry for rapid deforestation.

05/05/2010 (Bernama), Kuala Lumpur - Malaysia's palm oil industry is worth about RM50 billion annually and chances are that revenue may even touch RM60 billion this year, if current prices remain steady until the end of the year.

04/05/2010 (Star Tribune) - Cargill Inc.'s Indonesian palm oil business is under fire from an environmental advocacy group for allegedly using practices linked to rain forest destruction.

04/05/2010 (The Star Online), Kuching - Palm oil producers in Indonesia and Malaysia have established the Indonesia-Malaysia Palm Oil Group (IMPOG) to formalise their collaboration on sustainable palm oil development.

04/05/2010 (Daily Mirror) - The Planters' Association of Ceylon says diversification by Regional Plantation Companies (RPCs) into non-traditional areas such as palm oil cultivation and processing, is showing good results.

04/05/2010 (Financial Express), Kochi - Higher demand for palm oil and low coconut production in Philippines and some parts of Indonesia because of the drought are likely to support coconut oil prices in India in the long-term, a report by the Agricultural Market Intelligence Centre (AMIC) of the Kerala Agricultural University said.

03/05/2010 (Bloomberg) - Brazil’s Petroleo Brasileiro SA and Portugal’s Galp Energia SGPS plan to invest $530 million to produce biodiesel for the European market.

03/05/2010 (Bloomberg) - Palm oil, little changed, may drop amid concerns that demand for the edible oil may weaken as supply expands.