Archived News

10/08/2009 (Forest Peoples Programme) - The World Bank’s private sector arm – the International Finance Corporation (IFC) – has allowed commercial interests to override its social and environmental standards in making major loans to the oil palm sector in Indonesia, an internal audit reveals.

10/08/2009 (Deforestration Watch) - In a clear sign that anti-palm oil lobbies are switching tack and are now using zoos to attack palm oil, within the past month 2 zoos have suddenly developed an interest in palm oil, launching spurious anti-palm oil campaigns.

08/08/2009 (New Sabah Times) - The Malaysian Palm Oil Board (MPOB) will take steps to reduce the price gap of palm oil between Peninsular Malaysia, and Sabah and Sarawak.

07/08/2009 (Bloomberg) - Palm oil could average 2,300 ringgit ($657) a metric ton this year, 10 percent higher than a previous forecast, amid concerns that an El Nino may curb output as the weather pattern parches parts of Asia, Deutsche Bank AG said.

07/08/2009 (ABC News) - Measuring the value of climate-safe livelihoods against the mighty chocolate bar can be a hard line to swallow, writes Friends of the Earth's Derec Davies.

07/08/2009 (My Palm Oil) - I'm now on vacation in Los Angeles, California. This morning, I sauntered into a local chain grocer called Trader Joe's, famed for catering to shoppers who care deeply for certified organic food. California is the first state in the US to ban trans fat from its food and palm oil would deem ideal to fulfill this health requirement.

07/08/2009 (The Jakarta Herald) - Indonesian stocks gained for a third day on Friday as energy companies and palm oil producers surged.

07/08/2009 (Friends of the Earth Brisbane) - Friends of the Earth on the front foot against claims of condemning many South-East Asian populations to a life of poverty.

06/08/2009 (FnB News.com) - Reliance Industries Ltd - PET division, leading manufacturers of PET resin in India, has announced 2nd national seminar on edible oil packaging - "Packaging trends and technologies for edible oil business solutions." The seminar will take place on August 21, 2009, at 4pm - ITC Mughal in Agra.

06/08/2009 (Financial Times) - Indonesia is launching a commodities exchange to trade crude palm oil and other raw materials, in a fresh sign of Asian emerging countries following the path of independent projects in Singapore and Hong Kong.

06/08/2009 (Reuters) - Australasian palm oil producer New Britain Palm Oil Ltd (NBPO.L) expects higher raw material prices and new refining capacity to help to drive growth, it said on Thursday after reporting a sharp drop in first-half profit.

05/08/2009 (Bloomberg) - Edible oil imports by India, the world’s biggest buyer after China, probably declined in July after record purchases this year boosted domestic stockpiles.