Berita Arkib

26/02/2013 (Triple Pundit) - Green Century Management announced last week that Starbucks will only buy palm oil from suppliers with sustainable certification by 2015. The reason for the commitment is a shareholder resolution filed by Green Century Balanced Fund, an environmentally responsible mutual fund. Green Century filed the shareholder resolution due to concerns that some of Starbucks’ palm oil suppliers use practices that are bad for the rainforests from which palm oil is derived. Starbucks also agreed to become a member of Roundtable for Sustainable Palm Oil, plus continue to work with Green Century concerning its palm oil commitments.

26/02/2013 (Bloomberg) - Palm oil probably will drop this year after Asian producers boosted acreage and global oilseed supplies rose, said Dorab Mistry, a Godrej International Ltd. director who’s traded the commodity for more than 30 years. Prices fell, erasing this year’s gain.

25/02/2013 (Reuters) - Malaysian palm oil futures slid to their lowest in nearly a month on Monday, tracking steep falls in other vegetable oil markets, although better-than-expected export numbers helped rein in losses.

25/02/2013 (Daily Star) - A large number of palm growers in eight districts under Rangpur division are now at a loss as they can neither sell the fruits nor extract oil from them when many of the trees have started yielding after nurture for over three years.

25/02/2013 (The Sun Daily) - Regardless of the merits or otherwise of encouraging greater use of biofuel in this country, the proposal to blend a higher proportion of palm methyl ester (from the current 5% to 10%) with diesel to create a biodiesel known as B10 is a well-intentioned but questionable move.

25/2/2013 (Business Times) - Felda Global Ventures Holdings Bhd (FGV) Has Guaranteed That It Will Pay Cash Dividends To The Shareholders Every Year, Regardless of The Prevailing Eeconomic Conditions.

25/02/2013 (Jakarta Globe) - Major palm oil producers accused of destroying Indonesia’s forests and driving its iconic wildlife to the verge of extinction are now taking their practices to the relatively pristine forests of the Congo Basin, an environmental group has warned.

25/02/2013 (The Star) - While the first half of IOI Corp Bhd\'s financial year ending June 30, 2013 missed estimates by a tad, the company\'s second half is expected to be anchored by firmer crude palm oil (CPO) prices, its downstream operations and robust property sales, analysts said.

25/02/2013 (Borneo Post) - The US Dollar Index value strengthened last week after the Federal Open Mar­ket Committee minutes stated the old news of favouring stimulus termination sometime in 2013.

25/02/2013 (Borneo Post) - Crude palm oil futures (FCPO) on Bursa Ma­laysia Derivatives ended the week higher due to lesser than expected rains coverage in Argentina over the last weekend and the anticipation of better palm oil demand in the coming weeks.

25/02/2013 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives exchange ended lower on Friday as sluggish demand continued to be a concern to a market which is already bogged down by huge inventories. Inventory levels, which have hovered above the 2.5-million-tonne mark since October last year, finally edged down in January, but only marginally to 2.58 million tonnes. Seasonally, slowing output in Malaysia, the No. 2 producer of palm oil, is expected to help ease stockpiles in February but exports have been sluggish so far. Global markets too have been in a sluggish mode with doubts over the continuance of the quantitative easing in the US resulting in risk-aversion. Energy prices have also come down sharply on the back of it further pressuring the edible oil complex.

25/02/2013 (Care2.com) - A baby orangutan became the first resident of a new sanctuary in Western Borneo, just days after it was opened by International Animal Rescue. The orphan was found on the estate of a palm-oil plantation by a local villager.