Archived News

18/05/2009 (LBO) - Palm oil prices have stabilised after last year's collapse and demand should grow in future, according to Good Hope, a subsidiary of Sri Lanka's Carson Cumber batch group with plantations in Malaysia and Indonesia.

14/05/2009 (Biofuel Review) - The Neste refinery in Porvoo was the scene of a protest by environmental activists on Tuesday (12th May), calling for the company to stop using palm oil as a feedstock for its NExBTL-diesel. According to Greenpeace, Neste Oil is set to become the world's largest consumer of palm oil over the next three years, and this expansion will lead to massive deforestation.

12/05/2009 (Biofuel Review)There is a real danger that the emerging biofuels industry will be damaged by misunderstandings, according to BP. In a speech at Cambridge University last week (8th May), David Eyton, BP's Executive Sponsor for work with Cambridge said; "We believe that the global case for biofuels can and should be made."

14/05/2009 (Forbes), Kuala Lumpur - The British unit of Swedish oils and fats manufacturer AarhusKarlshamn (AAK) may have to offer discounts on a consignment of eco-friendly palm oil that is too expensive for consumers, an official said on Thursday.

13/05/2009 (Mongabay) - Lack of interest in eco-certified palm oil among buyers threatens to undermine efforts to improve the environmental performance of the industry, reports the World Wildlife Fund (WWF).

12/05/2009 (East News Park Forest) - New figures released by World Wildlife Fund (WWF) today show that only 1 percent of the sustainable palm oil available on the market has been bought, raising concerns that one of the major solutions to halting deforestation of tropical forests is not catching on fast enough. Rapid increases in the production of palm oil, which is found in everything from cosmetics to ice cream to chocolate bars, has caused extensive land clearing in places like Borneo and Sumatra, resulting in loss of habitat for endangered species like tigers and orangutans and contributing to climate change.

14/05/2009 (Business Standard) - Imports of edible oils are flooding the country even as the government has revised crop estimates for oilseeds for the current season. Solvent Extractors’ Association (SEA) of India has revised upward its estimate of the country’s vegetable oil import in 2008-09 (November-October) to 8 million tonnes against 7.5 million tonnes earlier.

12/05/2009 (Alibaba), Jakarta - Indonesian plantation firm, PT Perusahaan Perkebunan London Sumatra Tbk , said on Tuesday it expects palm oil production to increase by around a fifth this year as some of its palm oil trees mature.

12/05/2009 (BUSINESS WIRE), Dublin - Research and Markets (http://www.researchandmarkets.com/research/3b3e67/global_palm_oil_in) has announced the addition of the "Global Palm Oil Industry: Opportunities and Challenges" report to their offering.

13/05/2009 (Bloomberg) - India, the world’s biggest buyer of vegetable oils after China, may import a record quantity in the year to Oct. 31 because of higher demand and duty-free purchases amid a decline in local oilseed output.

13/05/2009 (Forbes) - The palm oil industry loves to tout its green credentials, mostly on the back of its biofuels burning cleaner than gasoline.

13/05/2010(Reuters), New Delhi - India\'s edible oil imports in April doubled to 659,477 tonnes from a year ago, slightly higher than forecasts, as domestic demand rose and local oilseed output was lower than expectations, a leading trade body said.