Archived News

30/09/2009 (The Green Girl) - During the approximately 8 hours we spent driving through Costa Rica we couldn’t help but notice the thousands of acres of perfectly aligned palm trees that seemed to spring up out of nowhere. I had read and heard about palm oil plantations devastating our endangered tropical ecosystems but these trees looked so natural in their full grown state that it was hard to imagine just how much pain they had caused their environment.

28/09/2009 (Bloomberg) — Palm oil, the world’s most consumed vegetable oil, must drop to 2,200 ringgit ($642) a metric ton for demand to rebound amid a near-record stockpile, said Dorab Mistry, director at Godrej International Ltd.

27/09/2009 (Bloomberg) - Vegetable oil demand growth in India, the biggest buyer after China, may slow from a record pace fueled by an import-tax waiver that pared costs and stoked consumption in Asia’s third-biggest economy.

26/09/2009 (MSN) - ASEAN agreement would spell death knell to Kerala’s economy which is centered around Marine products, Spices, Coconuts, coconut products including edible oils, cashew, vanilla, Rubber, Copra, and many other items which have mainstay in the economy of this small state which depends exclusively on the Retail economy with very negligible Gross State Domestic Product from Manufacture.

25/09/2009 (Bloomberg) - India, the biggest buyer of palm oil after China, may producer fewer monsoon-sown oilseeds as dry weather in the main growing areas reduced sowing of peanuts.

25/09/2009 (Reuters) - India's summer-sown oilseed output is likely to fall by more than 4 percent to 13.1 million tonnes in 2009/10 due to a drop in groundnut production, leading trader and respected analyst Govindbhai Patel said on Friday.

25/09/2009 (Bloomberg) - India, the biggest buyer of edible oils after China, may restore duties by March to protect local oilseed farmers from cheaper overseas purchases of cooking fat, said Dorab Mistry, director of Godrej International Ltd.

24/09/2009 (Reuters), Cairo - Egypt's Meditrade said on Thursday it was seeking 30,000 tonnes of soyoil and sunflower oil for arrival in November.

24/09/2009 (The Star Online), Singapore - Palm oil fell the most in five days as the prospect of a record US soybean crop reduced concern over a shortage in global edible oil supplies.

22/09/2009 (Bloomberg) - India, the biggest vegetable oils buyer after China, may import record volumes for a second year after a drought in almost half the country damaged oilseed crops, a processors’ group said.

24/09/2009 (Mongabay.com) - Of the world's two species of orangutan, a great ape that shares 96 percent of man's genetic makeup, the Sumatran orangutan is considerably more endangered than its cousin in Borneo. Today there are believed to be fewer than 7,000 Sumatran orangutans in the wild, a consequence of the wildlife trade, hunting, and accelerating destruction of their native forest habitat by loggers, small-scale farmers, and agribusiness.

23/09/2009 (All African.com) - THE palm oil processing mill on Bugala islands in Kalangala district will be ready mid November, the Bidco managing director, Kodey Rao has said.