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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
First sustainable palm oil shipment beset by controversy
17/11/2008 (New Europe) - The arrival in Rotterdam of the first shipload of palm oil certified as “sustainable†was celebrated on November 11, despite the release of a report by the environmentalist group Greenpeace that claimed the producer had violated sustainability standards. The palm oil from Malaysian producer United Plantions had been certified as sustainable by the Roundtable on Sustainable Palm Oil in September. But Greenpeace claimed in a report that the company does not meet all criteria set for an environmentally friendly product as laid down by the roundtable, Deutsche Presse-Agentur (dpa) reported.
Pressure mounts on palm oil producers
17/11/2008 (Business Times, Malaysia) - THE battle lines remain drawn for oil palm growers from Malaysia and Indonesia, as pressure groups continue to question the credibility of the Roundtable on Sustainable Palm Oil (RSPO) certification process that was put in place earlier this year.
Household brands like Kit Kat, Dove soaps wrecking Asian rainforests
16/11/2008 (Thaindian News), London - Household names such as Kit Kat, Flora and Dove soaps have been held responsible for the large scale destruction of Asian rainforests for palm oil plantations.
Peru To Lure Investments Worth US$6 Bln From Asia-Pacific Economies
16/11/2008 (Bernama), Kuala Lumpur - Peru expects to lure investments worth US$6 billion from Asia-Pacific economies despite tough global economic conditions after it hosts the region's biggest gathering of leaders, ministers and top-ranking businessmen this week at its capital in Lima.
KCCI asks Malaysian investors to set up palm oil refineries
16/11/2008 (The News, International), Karachi - Vice President of Karachi Chamber of Commerce and Industry (KCCI), Muhammad Ali advised that Malaysian investors may invest in Pakistan in food processing, agriculture, dairy farming, textile, health, construction & mining sectors.
Have a break, have a Kit Kat – and wreck rainforests
16/11/2008 (Times Online, UK) - Household brands including Kit Kat, Flora and Dove soaps have been linked to the mass destruction of Asian rainforests for palm oil plantations.
Univanich confirms Indonesian venture
15/11/2008 (Bangkok Post) - SET-listed Univanich Palm Oil Plc (UVAN), the country's largest producer of palm oil, will go ahead with a joint venture with an Indonesian partner to develop palm seeds in Indonesia.
Edible oil imports jump 19% on lower global price
15/11/2008 (Economic Times), Mumbai - With a 19% jump in India's edible oil imports in 2007-08, the industry feels that the government should impose import duty as the prices of edible oil are down by over 35% in the past two months in the domestic market. A further fall will affect the farmers and industry as well, they added.
First batch of certified palm oil en route to Europe
14/11/2008 (ICTSD) - The first shipment of ‘sustainable’ palm oil left Malaysia for the Netherlands this week, but some conservationists argue that the system used to certify the oil is not strong enough to prevent environmental damage.
