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MARKET DEVELOPMENT  
  23-08-2019

Indonesia tells some Jakarta supermarkets to remove 'palm oil-free' products

Indonesia, the world’s top palm oil producer, has told some retailers in Jakarta to remove food products with “palm oil-free” labels from their shops, a government official said, as it seeks to protect its key export.

MARKET DEVELOPMENT  
  23-08-2019

Indonesia joins Malaysia in banning ‘palm oil free’ products from stores to protect industry

• Indonesia and Malaysia together account for about 85 per cent of global palm oil supply, but are under pressure after the EU moved to phase out palm oil use • The country says it has a duty to protect the palm oil industry, and will educate people through an awareness campaign

MARKET DEVELOPMENT  
  23-08-2019

Research finds that sustainable palm oil is best for biodiversity

Connected areas of high-quality forest running through sustainable palm oil plantations could help support increased levels of biodiversity, new research suggests

MARKET DEVELOPMENT  
  23-08-2019

Indonesia Threatens to Halt Airbus Jet Orders Over Palm Oil Feud

Indonesia is pushing its domestic airlines to halt purchase of Airbus SE planes in retaliation for curbs imposed by the European Union on use of palm biodiesel.

MARKET DEVELOPMENT  
  23-08-2019

TREND WATCH: Palm oil

Despite well-intentioned work by the Round Table for Sustainable Palm Oil production (RSPO) – set up in 2003 – less than 20% of the world’s supply is ‘certified sustainable’.

MARKET DEVELOPMENT  
  23-08-2019

Cooking oil prices may increase as rupee fall

Consumers will have to pay 3 per cent more for palm oil, 4 per cent more for soyabean oil and 6 per cent more for sunflower oil with the rupee getting devalued by 4 per cent in the past one month, said edible oil companies.

MARKET DEVELOPMENT  
  23-08-2019

Satellite firm does deal with Indonesia to map palm oil farm deforestation

Satellite mapping company Ecometrica is to collaborate with the Indonesian space agency to monitor the effects of palm oil plantations in the rain forests under a signed agreement.

MARKET DEVELOPMENT  
  23-08-2019

Indonesian walking 700 kilometers backward to save forests

An Indonesian man is walking more than 700 kilometers (430 miles) backward from his village in eastern Java to the country's capital to raise awareness about deforestation.

MARKET DEVELOPMENT  
  23-08-2019

The pitfalls of Malaysia’s palm oil defence

As palm oil trade tensions drag on, Malaysia has slated another round of EU lobbying and a joint World Trade Organization (WTO) dispute filing with Indonesia for November 2019.

MARKET DEVELOPMENT  
  23-08-2019

Ghana Spends US$40m To Import Palm Oil Yearly: What RSPO Is Doing

Ghana spends US$40million to import about 50,000 metric tonnes of palm oil annually, the Africa Regional Director of ProForest, Mr Abraham Baffoe has said.

MARKET DEVELOPMENT  
  22-08-2019

Fearing tobacco's fate, Malaysian palm oil industry fights back

On the morning of February 26, executives from a Washington consultancy presented a strategy paper to some of the most powerful officials in the Malaysian palm oil industry.

MARKET DEVELOPMENT  
  22-08-2019

Ghana: African Governments Urged to Invest in Oil Palm Production

African governments should invest massively in oil palm production to meet the increasing demand of palm oil on both the local and the international markets, Godwin Obaseki, Governor of Edo State, Nigeria has said.