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CPO Futures Snap Two-Day Gains To Close Lower
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm Oil Output Surge In Oct, CPO Price Could Hit RM4500 In Dec: MPOC
Palm oil consumption forecast to increase
World Bank freezes funding for Fonterra’s palm oil partner pending review
10/09/2009 (BusinessWire) – The World Bank has frozen new funding for Fonterra Cooperative Group’s Indonesian palm kernel supplier pending a review into environmental and social sustainability practices of the sector.
Malaysians fouling it on palm oil
10/09/2009 (The Malay Mail) - SEVERAL local oil palm plantation companies have come under fire in Indonesia for violating human rights and the environment, Indonesian online news portal VIVAnews reported on Sept 8.
\'Sustainable\' palm oil campaign banned by ASA
09/09/2009 (Guardian.co.uk) - A press campaign making environmental claims about the controversial product Malaysian Palm Oil, including that it is "sustainable", has been banned as misleading by the advertising regulator.
World Bank\'s IFC suspends palm oil investments
09/09/2009 (Reuters) - The International Finance Corp (IFC), the World Bank's private sector lender, said on Wednesday it had suspended investments in palm oil businesses until after a review of its practices in the sector.
World Bank\'s IFC suspends lending to palm oil companies
09/09/2009 (Sumatran Orangutan Society) - The World Bank has agreed to suspend International Finance Corporation (IFC) funding of the oil palm sector pending the development of safeguards to ensure that lending doesn't cause social or environmental harm, according to a letter by World Bank President Robert Zoellick to NGOs. A recent internal audit found that IFC funding of the Wilmar Group, a plantation developer, violated the IFC's own procedures, allowing commercial concerns to trump environmental and social standards. The audit's findings were championed by environmental and indigenous rights' groups who have criticized World Bank support for industrial oil palm development which they say has driven large-scale destruction of forests in Indonesia, boosting greenhouse gas emissions, endangering rare and charismatic species of wildlife, including the orangutan, and displacing forest communities.
Indonesia: IFC suspends investment in palm oil over Wilmar case
09/09/2009 (Jakarta Post) - The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world's top producer, Wilmar International, pending a review of internal procedures on environmental and social standards.
IFC suspends funding for palm oil sector after critical review
09/09/2009 (Environmental Finance) - The World Bank's International Finance Corporation (IFC) has stopped investing in palm oil projects pending the development of a new strategy to address environmental and social practices associated with the material.
Palm oil producers \'misled\' over green claims
09/09/2009 (The Independent) - The palm oil industry misled the public by claiming production of the vegetable fat was sustainable and socially useful, according to an official investigation.
Bhoruka to invest $54 mn to set up edible oil unit in Australia
09/09/2009 (The Economic Times), Melbourne - Indian conglomerate Bhoruka Group will invest AUD 63 million ($54 million) in an edible oils and biodiesel facility in Australia.
