Archived News

Signals are mixed for palm oil, as it failed to break a resistance at RM1,984 per tonne.

Palm oil cultivation is booming in Peru, boosting the income of small farmers who supply Swiss food giant Nestlé with the product. But the crop is one of the main drivers of deforestation in this part of the country. Can farmers really “go green” amid so much demand?

The palm oil imports into the country witnessed negative growth of 9.66 percent during the first eleven months of the fiscal year (2018-19) as against the imports of same period of last year.

Deforestation and illegal agriculture still account for roughly 20 percent of all greenhouse gasses, leaving major producers of soy, beef and other commodities exposed to regulatory and reputational risk as the Paris Agreement comes into force.

Environmental activists will march on Malaysia’s parliament on Thursday to demand lawmakers strengthen the country’s decades-old forestry laws and amend the constitution to give greater protections to its dwindling rainforests.

Palm oil futures have been trading on Singapore’s Asia Pacific Exchange for just three months, but they’re already making their mark in a world long dominated by the benchmark contract in neighboring Malaysia.

Council of Palm Oil Producing Countries (CPOPC) said Indonesia and Malaysia will jointly seek justice at the World Trade Organisation (WTO) as the EU presses on to ban palm oil.

Protected forest areas will grow by up to 10% under new rules to stop deforestation, the palm oil industry watchdog said on Tuesday, which is working to make the edible oil greener.

Acting Aceh governor Nova Iriansyah has lashed out at the notion that oil palm plantations in the province contributed to environmental degradation, saying it was impossible for Acehnese farmers to harm the environment.

OCBC Bank economist Howie Lee is bullish on world pricing on petroleum and palm oil, as supply is slowing while demand for the commodities remain firm.

Palm oil may break a resistance at RM1,984 per tonne, and rise to RM2,001, as suggested by a projection analysis and the hourly MACD.

Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together.