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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
CPO futures end mostly higher on soybean oil gains
Malaysian government says forest reserve \'plundered\' for oil palm development
03/02/2009 (Mongabay) - Responding to allegations by the Human Rights Commission of Malaysia (Suhakam) that indigenous people have been forced from their lands (a charge it denied), the Sabah Forestry Department said that more than 30 percent of Mt. Pock And Tanjong Nagos Forest Reserves were "plundered" by "people with means to plant illegal oil palm including companies" up until 2001. The statement is noteworthy in that leaders of the Malaysian Palm Oil Council, the marketing and lobbying arm of the Malaysian palm oil industry, have maintained that oil expansion has not taken place at the expense of natural forest in Malaysia.
RP lags in global efforts to develop alternative fuels
04/02/2009 (Philippines Star), Bangkok - The Philippines must work double time to be able to catch up with worldwide efforts to develop alternative fuels, a ranking energy executive said.
India to produce 7.04 mt of vegetable oils
28/01/2009 (The Hindu), New Delhi - India is estimated to produce 7.04 million tonnes of vegetable oils in 2008-09, sufficient to meet only 46 per cent of the country's demand.
PTT plans to become regional ethanol hub
03/02/2009 (The Manila Times), Bangkok - PTT Public Co. Ltd. of Thailand said it plans to become Southeast Asia’s hub for ethanol production as it plans to export its products with the expected higher output this year.
Sampoerna Agro`s sales in 2008 reach Rp2.288 trillion
02/02/2009 (ANTARA News), Jakarta - PT Sampoerno Agro booked an income of Rp2.288 trillion from its sales in 2008, most of which consisted of crude palm oil, Sampoerna Agro`s corporate secretary, Budianto Tjuatja, said.
Regions seek forest conversions
02/02/2009 (The Jakarta Post) - The Forestry Ministry has said it has received a mounting number of requests from local administrations for permits to convert Indonesia’s dwindling forests into plantations, mostly due to uncertainty surrounding the spatial planning law.
FAILED VANGUNU OIL PALM PROJECT: MDL – A GOVERNMENT SCAM
02/02/2009 (Solomon Star News) - MDL stands for Marovo Development Limited, a company formed to do or run the Outgrower Palm Oil Scheme of the famous failed Vangunu Oil Palm Project. It is a private entity created purposely to do the Outgrower Scheme under the supervisor of Silvania Plantation Product (SI) Limited (SPPL).
Palm oil to cushion slower economic growth
02/02/2009 (Business Times) - ROBUST palm oil exports are expected to help cushion slower economic growth ahead, just like 10 years ago.
Unilever blocking deforestation for palm oil
01/02/2009 (San Francisco Chronicle) - Unilever, the world's largest buyer of palm oil, would publicly call for a moratorium on deforestation by Indonesian growers of the coveted oil used in food, soaps, detergents, cosmetics and biofuel. The expansion of oil palm plantations is slowly destroying Kalimantan, the Indonesian side of Borneo and the habitat of the endangered Bornean orangutan, environmental activists say.
