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Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm oil consumption forecast to increase
Palm oil inventories to stay elevated next year
CPO Reference Price Falls 3.9 Percent in December 2025
Nestlé uses NGO to clean up palm oil supply chain
17/05/2010 (Guardian Sustainable Business) - Nestlé is to work with The Forest Trust to ensure its sourcing of palm oil is not contributing to illegal rainforest and peatland clearance. The move is being seen as unprecedented in the palm oil supply chain, although such partnerships have a proven track record for wood procurement.
After Facebook backlash, Nestle steps up sustainability
17/05/2010 (CNET News) - An aggressive, meant-to-shock Facebook and YouTube campaign on behalf of Greenpeace has led food conglomerate Nestle to modify its policies regarding the use of palm oil.
Nestlé becomes TFT\'s newest member.
17/05/2010 (TFT Forest.org) - The Forest Trust (TFT) announced today that Swiss consumer goods company Nestlé has agreed to a plan that will rid its products of palm oil purchased from suppliers whose activities are destroying vulnerable tropical forests in the developing world.
NARC identifies areas for palm, olive oil production
17/05/2010 (The Daily Mail), Islamabad - After conducting successful experiments, the National Agriculture Research Council (NARC) has identified several areas for the cultivation of olive and palm oil to help reduce import bill and enhance income of the farmers.
EU pledges to continue buying CPO from Indonesia
17/05/2010 (The Jakarta Post) - Ignoring environmental concerns that Indonesian producers are clearing protected rainforests, the European Union (EU) administration has pledged not to restrict exports of Indonesian crude palm oil (CPO) to Europe.
RI, Malaysia to buy palm seeds in Angola
16/05/2010 (The Jakarta Post) - Indonesia and Malaysia, the world’s largest crude palm oil producers, have planned to cooperate to explore the possibility of buying palm seeds in Angola, southern Africa.
Edible oils\' prices dip on sluggish demand, global cues
15/05/2010 (The Economic Times, India), New Delhi - Select edible oils extended losses for the second straight week at the wholesale oils and oilseeds market during the week under review on sluggish demand from vanaspati millers and retailers amid weakening trend in global markets.
Nestlé Joins with TFT for Sustainable Palm Oil
18/05/2010 (Food product Design) - On the heels of a Greenpeace report claiming Nestlé is using palm oil from destroyed Indonesian rainforests and peatlands, the company announced it has entered into a partnership with The Forest Trust (TFT). TFT, a global non-profit organization, will help Nestlé to build responsible supply chains by identifying and addressing embedded social and environmental issues. Nestlé is the first global consumer goods company to become a TFT member.
Social media backlash pushes Nestlé to evaluate palm oil policies
18/05/2010 (Marketing Conversation) - Well what do you know? Nestlé listened. Following a two month Greenpeace assault on palm oil purchasing practices of the food giant, Nestlé announced earlier this week that they will stop purchasing palm oil (used in many popular products like Kit Kats) from companies that own “high-risk†plantations and farms. These high-risk plantations are accused of driving the destruction of natural habitats for animals like the orangutan. The new “zero-deforestation†policy is in partnership with The Forest Trust that will work with Nestlé to amend its palm oil purchasing policies.
