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MARKET DEVELOPMENT
18-09-2008

Police intercept two 20ft container of palm oil at water quay

17/09/2008 (Awoko) - The Assistant Inspector General of Police (AIG) in charge of Crime Services Francis Munu has disclosed to Journalists during a press briefing at Police Headquarters that on Monday they intercepted two 20ft containers of Palm Oil at the Water quay.

MARKET DEVELOPMENT
18-09-2008

Pakistan yet to cover palm needs for Oct-Dec -trade

17/09/2008 (Reuters) - Pakistan, the world's fourth largest importer of vegetable oils, has yet to cover its palm oil needs for the October-December period, due to recent global commodity market volatility, leading Pakistani traders said.

MARKET DEVELOPMENT
18-09-2008

Malaysian palm oil industry accused of child slavery by Indonesia

17/09/2008 (Mongabay) - Indonesia's Commission for Child Protection has accused Malaysia's oil palm planters of enslaving migrant workers and their children at plantations in the state of Sabah on the island of Borneo, reports The Jakarta Post.

MARKET DEVELOPMENT
18-09-2008

Malaysia clears misconceptions on palm oil

17/09/2008 (Borneo Post Online), London - The World Sustainable Palm Oil Conference staged here on Sept 15, provided a window of opportunity for both Malaysia and Indonesia to clear misconceptions on the development of the palm oil industry, said the Minister of Plantation Industries and Commodities Datuk Peter Chin.

MARKET DEVELOPMENT
18-09-2008

Traders not likely to default, re-work palm oil imports

17/09/2008 (The Financial Express) - Indian traders are not likely to default again on palm oil imports, despite falling prices as buyers face strong demand ahead of festivals and have renegotiated deals, a senior trade official said on Tuesday. Palm oil has plummeted by a third so far in 2008, outstripping a 23%-slump in Dalian soyoil and a drop of 8% in US soybean oil, triggering defaults by palm oil byers in India and China, the worldâ€™s biggest vegetable oil importers. More or less, people have renegotiated the contracts. Had it not been the case, imports would have reduced in August, which is not the case, said BV Mehta, executive director of the Solvent Extractorsâ€™ Association of India.

MARKET DEVELOPMENT
18-09-2008

Malaysia, Indonesia ministers get together for the first time to voice concern

17/09/2008 (The Star Online), London - Malaysia and Indonesia have jointly urged the European Union (EU) to review its decision on renewable energy and fuel quality, particularly on the use of palm oil for the production of biofuel.

MARKET DEVELOPMENT
18-09-2008

Thai crude palm oil stocks jump as exports drop

16/09/2008 (Reuters), Bangkok - Crude palm oil stocks in Thailand have more than doubled since January as falling world prices have slowed exports, and palm fruit farmers have appealed to the government to support prices, traders said on Tuesday.

MARKET DEVELOPMENT
18-09-2008

Palm Oil For Food And Energy Threatens More Rainforests

15/09/2008 (FuturePundit) - Biomass energy with conventional tropical crops is a bad idea because rainforests get destroyed to make room for more palm plantations resulting in habitat loss.

MARKET DEVELOPMENT
18-09-2008

World Sustainable Palm Oil Conference An Opportunity For Malaysia To Clear Misconception On Palm Oil

16/09/2008 (Bernama), London - The World Sustainable Palm Oil Conference staged here on Sept 15, provided a window of opportunity for both Malaysia and Indonesia to clear misconceptions on the development of the palm oil industry, said the Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui.

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