Archived News

30/11/2007 (Reuters), Kuala Lumpur - Shares of plantation-to-energy group Sime Darby surged nearly 25 percent on Friday after relisting in Malaysia, making it the world's largest listed palm-oil firm as investors ride a sustained commodities boom.

03/12/2007 (Telegraph.co.uk) - The destruction of peat bogs in Indonesia is releasing more carbon dioxide every year than all of India or Russia, and three times as much as Germany.

02/12/2007 (New Straits Times) - A SURGE in palm oil prices has induced local plantation companies to scramble to buy up agriculture land, fearing that it might cost them too much in the future.

28/11/2007 (The Economic News), Singapore - Palm oil in Malaysia, the global benchmark, fell for a third day on concern crude oil producers will increase supply, leading prices lower and reducing demand for alternative fuels.

28/11/2007 (Asia Times Online), Bangkok - European Union (EU) demand for Asian-produced biofuels, particularly palm oil, is coming at a high social and environmental cost, a report released on Tuesday by the United Nations Development Program (UNDP) warns.

28/11/2007 (My Iris) - Palm oil imports increased by 13% to 2.766 million tons in 2006-07 from 2.449 million tons during previous year, in the wake of rising demand.

27/11/2007 (Morden Ghana) - The price of palm oil hit a record high of 70,000 cedis per a gallon at the Apasare Palm Oil Cottage factory, near Adawso in the Akuapem North District at the weekend.

27/11/2007 (The Hindu), Kochi - Thirtyfive rail wagons carrying 1,820 tonnes of palm oil from Chennai were seized here on suspicions that the edible oil was of inferior quality and brought in wagons used to transport petroleum products.

27/11/2007 (IPS), Bangkok - European Union (EU) demand for supposedly green-friendly fuels, such as palm oil, is coming at a high social and environmental cost in Asia, warns a new report released Tuesday by the United Nations Development Programme (UNDP).

27/11/2007 (Independent Online), Helsinki - Thirty-three members of the environmental group Greenpeace were arrested before being released in Finland after trying to block the unloading of a palm oil shipment, the group said on Monday.

21/11/2007 (Reuters), New Delhi - Indian edible oil refiner Jhunjhunwala Vanaspati Ltd said on Wednesday that it will spend up to 1.5 billion rupees ($38 million) to buy 20,000 hectares of oil palm plantations in Indonesia.

KUALA LUMPUR (Reuters) - An environmental group has threatened to withdraw its support for a plan to certify "eco-friendly" palm oil, accusing the world's two biggest producers of cynically exploiting the initiative.