Archived News

MEDAN, N. Sumatra, April 21 Asia Pulse - Indonesia's crude palm oil [CPO]production is expected to increase from 9.9 million tons in 2003 to 10.4million tons in 2004, chief of the Indonesian Palm Oil ProducersAssociation (GAPKI), Derom Bangun, said.

KUALA LUMPUR, April 21 (Bernama) -- Lumut Port handled close to onemillion freight weight tonnes of cargo in the first two months of thisyear, it announced Wednesday.

KOTA KINABALU, April 21 (Bernama) -- Sabah should speedily attractinvestment to its oil palm sector so as not to lose out to neighbouringstates and provinces which are similarly engaged in drawing investment tothis area, the State Assembly was told Wednesday.

JAKARTA, April 15 Asia Pulse - The CPO (crude palm oil) production of PTAstra Agro Lestari Tbk (AALI) in the first quarter of 2004 increased by30.5 per cent from 140,910 tons in last year's corresponding period to183,956 tons, which includes 71,787 tons (39 per cent) of super CPO.

JAKARTA, April 16 Asia Pulse - Low investment in research into theoleochemical industry has caused sluggish development of the crude palmoil-based industry in Indonesia, a researcher of the Indonesian Instituteof Sciences (LIPI) said.

Thursday April 15, 2004 - MOST research houses have placed a buy call onplantation stocks, especially select pure plantation players, inanticipation of continued bullishness in crude palm oil (CPO) prices andtightness in global edible oils supply.

Kampala, Apr 15, 2004 --LL investors who engage in producing andprocessing of palm oil will be awarded concessions in order to ensurespeedy development of the sector, Sam Kuteesa, the finance minister incharge of investment has said.

Friday April 16, 05:09 AM - CHICAGO (Reuters) - Phil Sokolof, amillionaire industrialist whose own near-fatal heart attack at age 43spurred a crusade against the evils of fatty foods, died on Thursday, hisorganization said.Sokolof, 82, died in an Omaha, Nebraska, hospital after a short illnessthat was not heart-related, said a spokeswoman for the National HeartSavers Association, the organization he founded in the mid-1980s.

15 April, 2003 - PRICES of crude palm oil futures (CPO) are expected toaverage RM1,500 a tonne next year as a result of the continuous squeeze inglobal supplies of edible oils and fats.

Thursday April 15, 07:39 PM - SAMPIT, C Kalimantan, April 15 Asia Pulse- As many as 10 new investors have expressed readiness to deal withbusinesses in the plantation sector in East Kotawaringin district inIndonesia's Central Kalimantan province to replace the 13 privateplantation companies whose licenses have expired since 2003.

14 April, 2004 - MALAYSIA’S palm kernel cake industry received anotherboost with the invention of a machine that improves the quality of thepalm oil by-products and hence, improved demands.

........This report exposes the continuing failure of successive UKGovernments and companies to address the issue. Today areas of forestsgreater than the size of Wales are being lost every year in many countriesnot just in Latin America but also in South East Asia and Africa. The rateof loss in Indonesia, for example, is actually accelerating. Theinternational trade in palm oil is driving forest clearance as well asbeing a cause of human rights abuses on a massive scale.UK consumers will be shocked to learn that they are playing an unwittingpart in the continuing destruction of the tropical rainforest not justthrough purchasing timber and paper products but through a wide variety ofeveryday items in their shopping bag. Chocolate, crisps, detergents,toothpastes and shampoo all are tainted with the damaging environmentaland social impacts of palm oil. This hidden ingredient imported frommonoculture plantations of South East Asia is found in more than 10 percent of all products on the supermarket shelves.