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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
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 exports at risk from overseas buyers boycott
19/05/2009 (The Jakarta Post) - Indonesia's palm oil business, already hit by lower prices, risks an overseas buyers boycott, with NGOs saying government plans for huge plantations in Kalimantan may mean big environmental damage.
Crude palm oil may surge 20%
19/05/2009 (Business Standard) - “Prices of crude palm oil (CPO) are expected to surge 20 per cent to surpass 3,000 ringgit later this year, on falling output in the mainland production centres that are Malaysia, Indonesia, Argentina and Ukraine,†a paper presented by Dorab Mistry, director of Godrej International said in Jakarta on Monday.
CPO price jump spurs complaints about speculation
18/05/2009 (The Star Online) - TOGETHER with a recovery in global commodity prices, crude palm oil (CPO) futures for three-month delivery shot up to above RM2,600 a tonne at Friday’s market closing from RM2,000 on March 31.
Sri Lanka Carson unit says palm oil market stabilised
18/05/2009 (LBO) - Palm oil prices have stabilised after last year's collapse and demand should grow in future, according to Good Hope, a subsidiary of Sri Lanka's Carson Cumber batch group with plantations in Malaysia and Indonesia.
Activists protest at Neste\'s use of palm oil for biofuel
14/05/2009 (Biofuel Review) - The Neste refinery in Porvoo was the scene of a protest by environmental activists on Tuesday (12th May), calling for the company to stop using palm oil as a feedstock for its NExBTL-diesel. According to Greenpeace, Neste Oil is set to become the world's largest consumer of palm oil over the next three years, and this expansion will lead to massive deforestation.
BP warns against misunderstanding biofuels
12/05/2009 (Biofuel Review)There is a real danger that the emerging biofuels industry will be damaged by misunderstandings, according to BP. In a speech at Cambridge University last week (8th May), David Eyton, BP's Executive Sponsor for work with Cambridge said; "We believe that the global case for biofuels can and should be made."
UK firms struggle to sell \'green\' palm oil -AAK
14/05/2009 (Forbes), Kuala Lumpur - The British unit of Swedish oils and fats manufacturer AarhusKarlshamn (AAK) may have to offer discounts on a consignment of eco-friendly palm oil that is too expensive for consumers, an official said on Thursday.
Consumers show no interest in eco-certified palm oil; WWF threatens naming and shaming campaign
13/05/2009 (Mongabay) - Lack of interest in eco-certified palm oil among buyers threatens to undermine efforts to improve the environmental performance of the industry, reports the World Wildlife Fund (WWF).
Slow Sales Of Sustainable Palm Oil Threaten Tropical Forests; WWF To Grade Palm Oil Buyers
12/05/2009 (East News Park Forest) - New figures released by World Wildlife Fund (WWF) today show that only 1 percent of the sustainable palm oil available on the market has been bought, raising concerns that one of the major solutions to halting deforestation of tropical forests is not catching on fast enough. Rapid increases in the production of palm oil, which is found in everything from cosmetics to ice cream to chocolate bars, has caused extensive land clearing in places like Borneo and Sumatra, resulting in loss of habitat for endangered species like tigers and orangutans and contributing to climate change.
