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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports
Malaysian end of July palm oil stocks hit near two-year high
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
Minola earnings up 38% in 2009
19/01/2010 (Business Mirror) - MINOLA, the cooking oil brand of government-sequestered CIIF-Oil Mills Group, recorded a 38-percent increase in revenues last year to P1.8 billion and is targeting higher growth this year as it lines up an aggressive marketing and promotional campaign.
Felda Ordered To Pay RM11 Million To Settlers
19/01/2010 (Bernama), Putrajaya - The Federal Land Development Authority (Felda) will have to pay RM11 million in damages to 354 settlers over payments for palm oil fruits after the agency's bid to bring up the matter for appeal was refused by the Federal Court here Tuesday.
Edible oil companies not to pare prices this fiscal
19/01/2010 (The Financial Express), New Delhi - Even though the price of crude palm oil is likely to go down in February, edible oil companies like Adani Wilmar, KS Oils and Ruchi Soya are not ready to reduce prices right now. Nor are these companies planning any hike in price during the current financial year. However, a price rise post-March is on the anvil.
Sainsbury Reports on CR as part of Quarterly Financial Updates
18/01/2010 (Environmental Leader) - With new figures showing that only 1 percent, or about 15,000 tons, of sustainable palm oil available on the market is being purchased, the World Wildlife Fund (WWF) says it will implement a buyer’s scorecard over the next six months that will indicate whether or not the companies have fulfilled their commitments to purchase it.
Committee negotiating with Chinese investors to purchase oil palm
18/01/2010 (Ghana News Agency) - The Ajumako-Enyan-Essiam District is currently negotiating with some Chinese investors to establish a permanent oil market to purchase palm oil produced in the District.
Biodiversity nears \'point of no return\'
17/01/2010 (BBC News) - The decline in the world's biodiversity is approaching a point of no return, warns Hilary Benn. In this week's Green Room, the UK's environment secretary urges the international community to seize the chance to act before it is too late.
Orang utan lovers cry foul
17/01/2010 (The Star Online), Kota Kinabalu - Orang utan conservationists are upset with World Growth, a US non-governmental organisation, for “dismissing†the threat posed to the ape population by oil palm plantations.
Orangutans vs palm oil in Malaysia: setting the record straight
16/01/2010 (Mongabay.com) - The Malaysian palm oil industry has been broadly accused of contributing to the dramatic decline in orangutan populations in Sabah, a state in northern Borneo, over the past 30 years. The industry has staunchly denied these charges and responded with marketing campaigns claiming the opposite: that oil palm plantations can support and nourish the great red apes. The issue came to a head last October at the Orangutan Colloquium held in Kota Kinabalu. There, confronted by orangutan biologists, the palm oil industry pledged to support restoring forest corridors along rivers in order to help facilitate movement of orangutans between remaining forest reserves across seas of oil palm plantations. Attending NGOs agreed that they would need to work with industry to find a balance that would allow the ongoing survival of orangutans in the wild. Nevertheless, the conference was marked by much of the same rhetoric that has characterized most of these meetings — chief palm oil industry officias again made dubious claims about the environmental stewardship of the industry. However, this time, there was at least acknowledgment that palm oil needs to play an active role in conservation.
Edible oil drift on higher import, output concerns
16/01/2010 (PTI), New Delhi - Continuing their slide for the second straight week, edible oil prices fell up to Rs 200 per quintal at the wholesale oils and oilseeds market on selling by stockists, triggered by higher imports and weak global trend.
