Archived News

09/09/2009 (Environmental Finance) - The World Bank's International Finance Corporation (IFC) has stopped investing in palm oil projects pending the development of a new strategy to address environmental and social practices associated with the material.

09/09/2009 (The Independent) - The palm oil industry misled the public by claiming production of the vegetable fat was sustainable and socially useful, according to an official investigation.

09/09/2009 (The Economic Times), Melbourne - Indian conglomerate Bhoruka Group will invest AUD 63 million ($54 million) in an edible oils and biodiesel facility in Australia.

08/09/2009 (Images Food.com) - Bunge India Pvt. Ltd. re-launched its Dalda brand of refined edible oil recently and announced plans to aggressively market the new range of products with its national rollout, starting from Delhi and Kolkata. Bunge India, a 100 per cent subsidiary of the U.S.-based agribusiness and food company Bunge, acquired the Dalda brand from Hindustan Lever in 2003.

05/09/2009 (Green Fudge.org) - Is palm oil ‘biofuel’ a complete waste and are big oil companies just incapable of getting it right? It’s like they just can’t resist doing the wrong thing. As is the case with tobacco companies and arms dealers, a conscience must be a liability in the energy industry if there is a lot of money to be made, especially if the money is quick. So paint this poison Green, sell it to the world and call it biofuel.

03/09/2009 (Feronia) - Feronia Inc. ("Feronia") is pleased to announce it has concluded the purchase of Unilever's palm oil plantation located in the Democratic Republic of Congo ("DRC"). The total concession is approximately 100,000 hectares. With the acquisition, Feronia has a 76.2% ownership stake in the palm oil plantation, Plantations et Huileries du Congo S.C.A.R.L. ("PHC").

03/09/2009 (Shiga News) - Those cute little buses you see outside Yokaichi Station and elsewhere in the city, called Chokotto bus, have started collecting used cooking oil from September 1, 2009. Bring an old PET bottle (label detached) of your used cooking oil and give it to the bus driver. In return, you will receive a 100-yen ticket which can be used for your next ride on the bus. One ride costs 200 yen for adults, so it’s a 50% discount.

03/09/2009 (Guardian.co.uk) - Chocolate, crisps and sugary drinks will be banned from secondary school canteens this month, under new rules to tackle childhood obesity.

02/09/2009 (Australian Food News.com.au) - Australia’s food regulatory body has rejected a call for food manufacturers to name the source of vegetable oil in their products.

02/09/2009 (Food Business Review.com) - The company to have 76.2% stake in the palm oil plantation

31/08/2009 (Bloomberg) - Argentina may produce a record 50 million tons of soybeans in the next harvest as rains forecast for the next three months break the worst drought in a century.

30/08/2009 (Indigenous Portal.com),Frankfurt - In advance of a major international meeting about World Bank investments in palm oil, a consortium of indigenous peoples’, oil palm smallholders’, and non-governmental organisations is demanding the World Bank maintains its current freeze on funding the sector until it has a credible strategy to address the sector’s manifold problems.