Archived News

20/09/2008 (The Financial Express) - In the wake of a decline in international crude edible oil prices, the government has distributed only about 1 lakh tonne of imported edible oil against a target of 1 million tonne to states to be sold at subsidised rates to poor families.

19/09/2008 (Awoko) - Two containers loaded with palm oil in jerry cans were yesterday opened by the Ross Road Police after it was caught at the entering point of the Ports Authority.

19/09/2008 (EuActiv.com) - A decision by a key European Parliament committee last week to beef up sustainability criteria for agrofuels and tilt the Union's biofuel policy towards non food-based biofuels due to concerns over rising commodity prices has irritated top biofuel-exporting nations Indonesia, Malaysia and Brazil.

19/09/2008 (Business Green) - A programme to allow large palm oil users to prove that they are supporting sustainable production methods has gone into operation this week.

19/09/2008 (The Jakarta Post) - Indonesia, the world's largest palm oil producer, has sent Agriculture Minister Anton Apriyantono to lobby the European Union (EU), over concerns the group were planning a policy that would limit imports of the commodity.

17/09/2008 (Awoko) - The Assistant Inspector General of Police (AIG) in charge of Crime Services Francis Munu has disclosed to Journalists during a press briefing at Police Headquarters that on Monday they intercepted two 20ft containers of Palm Oil at the Water quay.

17/09/2008 (Reuters) - Pakistan, the world's fourth largest importer of vegetable oils, has yet to cover its palm oil needs for the October-December period, due to recent global commodity market volatility, leading Pakistani traders said.

17/09/2008 (Mongabay) - Indonesia's Commission for Child Protection has accused Malaysia's oil palm planters of enslaving migrant workers and their children at plantations in the state of Sabah on the island of Borneo, reports The Jakarta Post.

17/09/2008 (Borneo Post Online), London - The World Sustainable Palm Oil Conference staged here on Sept 15, provided a window of opportunity for both Malaysia and Indonesia to clear misconceptions on the development of the palm oil industry, said the Minister of Plantation Industries and Commodities Datuk Peter Chin.

17/09/2008 (The Financial Express) - Indian traders are not likely to default again on palm oil imports, despite falling prices as buyers face strong demand ahead of festivals and have renegotiated deals, a senior trade official said on Tuesday. Palm oil has plummeted by a third so far in 2008, outstripping a 23%-slump in Dalian soyoil and a drop of 8% in US soybean oil, triggering defaults by palm oil byers in India and China, the world’s biggest vegetable oil importers. More or less, people have renegotiated the contracts. Had it not been the case, imports would have reduced in August, which is not the case, said BV Mehta, executive director of the Solvent Extractors’ Association of India.

17/09/2008 (The Star Online), London - Malaysia and Indonesia have jointly urged the European Union (EU) to review its decision on renewable energy and fuel quality, particularly on the use of palm oil for the production of biofuel.

16/09/2008 (Reuters), Bangkok - Crude palm oil stocks in Thailand have more than doubled since January as falling world prices have slowed exports, and palm fruit farmers have appealed to the government to support prices, traders said on Tuesday.