Archived News

17/11/2008 (Berita Sore), Padang - The West Sumatra provincial administration hoped the central government would intensify the implementation of the palmoil-based biodiesel oil production as a medium-solution to the current economic crisis regarding the national CPO commodity.

17/11/2008 (The Star Online), Kota Kinabalu - Help is on the way for thousands of oil palm smallholders in the state who are facing financial dire straits because they have difficulty selling their produce amidst plunging crude palm oil prices.

17/11/2008 (New Europe) - The arrival in Rotterdam of the first shipload of palm oil certified as “sustainable” was celebrated on November 11, despite the release of a report by the environmentalist group Greenpeace that claimed the producer had violated sustainability standards. The palm oil from Malaysian producer United Plantions had been certified as sustainable by the Roundtable on Sustainable Palm Oil in September. But Greenpeace claimed in a report that the company does not meet all criteria set for an environmentally friendly product as laid down by the roundtable, Deutsche Presse-Agentur (dpa) reported.

17/11/2008 (Business Times, Malaysia) - THE battle lines remain drawn for oil palm growers from Malaysia and Indonesia, as pressure groups continue to question the credibility of the Roundtable on Sustainable Palm Oil (RSPO) certification process that was put in place earlier this year.

16/11/2008 (Thaindian News), London - Household names such as Kit Kat, Flora and Dove soaps have been held responsible for the large scale destruction of Asian rainforests for palm oil plantations.

16/11/2008 (Bernama), Kuala Lumpur - Peru expects to lure investments worth US$6 billion from Asia-Pacific economies despite tough global economic conditions after it hosts the region's biggest gathering of leaders, ministers and top-ranking businessmen this week at its capital in Lima.

16/11/2008 (The News, International), Karachi - Vice President of Karachi Chamber of Commerce and Industry (KCCI), Muhammad Ali advised that Malaysian investors may invest in Pakistan in food processing, agriculture, dairy farming, textile, health, construction & mining sectors.

16/11/2008 (Times Online, UK) - Household brands including Kit Kat, Flora and Dove soaps have been linked to the mass destruction of Asian rainforests for palm oil plantations.

15/11/2008 (Bangkok Post) - SET-listed Univanich Palm Oil Plc (UVAN), the country's largest producer of palm oil, will go ahead with a joint venture with an Indonesian partner to develop palm seeds in Indonesia.

15/11/2008 (Economic Times), Mumbai - With a 19% jump in India's edible oil imports in 2007-08, the industry feels that the government should impose import duty as the prices of edible oil are down by over 35% in the past two months in the domestic market. A further fall will affect the farmers and industry as well, they added.

14/11/2008 (ICTSD) - The first shipment of ‘sustainable’ palm oil left Malaysia for the Netherlands this week, but some conservationists argue that the system used to certify the oil is not strong enough to prevent environmental damage.

14/11/2007 (TEMPO Interactive), Palembang - The South Sumatra administration has prepared three scenarios to rescue palm oil and rubber farmers devastated by the impact of the global economic crisis.