Showing posts with label palm oil. Show all posts
Showing posts with label palm oil. Show all posts
Monday, May 12, 2014
Indonesia palm oil news
Vast hidden profits: from Asia's palm oil giants to a tiny British tax haven; http://www.theguardian.com/world/2014/may/10/asian-logging-giant-tax-labyrinth-british-virgin-islands; Indonesian court helps to tear aside the veil of secrecy under which huge corporations operate in UK-linked tax haven, John Vidal in Road Town, Tortola, The Observer, Saturday 10 May 2014 23.11 BST
Indonesian Voters Head to Polls; Voice of America April 08, 2014 ; http://www.voanews.com/content/reu-indonesia-gears-up-for-legislative-election/1888504.html
JAKARTA - Some 187 million voters in Indonesia head to the polls Wednesday in parliamentary elections that will have a big influence on the country's presidential poll in July; Current electoral laws stipulate that a party or coalition of parties must win 25 percent of the popular vote or 20 percent of seats in the national parliament to nominate a presidential candidate.... But polls show that only one party, the Democratic Party of Struggle or PDI-P, will definitely pass the threshold.
Known locally as Jokowi, the Jakarta governor is wildly popular for his reputation for transparency and his hands-on approach to governance.... After his presidential bid was confirmed last month, the PDI-P’s popularity jumped from 27 to 37 percent in a widely watched opinion poll. The same poll showed the next closest party lagging 20 percent behind.... Professor Jemadu said it is too soon to call a Widodo presidential victory a certainty, but he said it is clear Indonesian voters want change....
A relative outsider with no connection to the country’s political elite, Joko Widodo is being touted as a new breed of Indonesian politician... Nonetheless, even as Widodo offers hope and change, the voting system is riddled with corruption... Since the collapse of Suharto’s 32-year authoritarian rule, this year marks the fourth time Indonesians will democratically elect their parliament... Results for the parliamentary election will be officially announced by May 9, but a quick count of the polls is expected within 24 hours.
Palm oil production in East Kalimantan on the rise; Jakarta Post, Mon, April 07 2014; http://www.thejakartapost.com/news/2014/04/07/palm-oil-production-east-kalimantan-rise.html
Last year's production of fresh fruit bunches [TBS] and crude palm oil [CPO] reached 6.5 million tons and 1.4 million tons, respectively, up from only 1.6 million tons of TBS and 366,149 tons of CPO in 2008," Etnawati Usman, head of East Kalimantan ...
Monday, April 7, 2014
Buyer policies on palm oil
Indian food giant to source deforestation-free palm oil; Mongabay.com; http://news.mongabay.com/2014/0319-orkla-zero-deforestation.html; Orkla, a Nordic conglomerate that owns MTR Foods, one of India's major food companies, has established a zero deforestation policy for the palm oil it sources, reports Greenpeace... Orkla's policy commits it to full traceability and bars palm oil produced via forest and peatlands conversion by 2017. There are also provisions for workers rights and local communities.
Read: http://www.orkla.com/content/download/81608/16345118/file/Orkla%20Policy%20for%20sustainable%20palm%20oil.pdf
General Mills ramps up palm oil pledge to consider deforestation; BakeryAndSnacks.com 25 March 2014; http://www.bakeryandsnacks.com/Manufacturers/General-Mills-ramps-up-palm-oil-pledge-to-consider-deforestation; The cereal and snack titan said that while it was a, “relatively minor user of palm oil”, it remained committed to sourcing 100% of its palm oil responsibly and sustainably by 2015 - a pledge it first made in 2010. General Mills said it would continue ...
Colgate-Palmolive Latest Company to Jump on Deforestation-Free Palm Oil ...; Union of Concerned Scientists - Mar 24, 2014; http://www.ucsusa.org/news/commentary/colgate-palmolive-deforestation-free-palm-oil-0405.html; BERKELEY, Calif. (March 24, 2014) - Just days after General Mills committed to sourcing deforestation-free palm oil, Colgate-Palmolive today released its palm oil sourcing policy. According to the Union of Concerned Scientists (UCS), major companies ...
Procter & Gamble think they can ignore deforestation - here's how we turn up the pressure; Greenpeace UK (blog); The companies you buy palm oil from are cutting down huge areas of rainforest - Greenpeace has photographic evidence from palm oil companies; http://www.greenpeace.org.uk/blog/forests/procter-gamble-think-they-can-ignore-deforestation-heres-how-we-turn-pressure-20140318
Procter & Gamble bows to pressure on palm oil deforestation; The Guardian, 9 April 2014; http://www.theguardian.com/environment/2014/apr/09/procter-gamble-bows-to-pressure-on-palm-oil-deforestation; Procter & Gamble has bowed to pressure from environmentalists and revealed a new, extensive no-deforestation policy in the production of its products, including demanding fully traceable palm oil from suppliers. In the wake of severe criticism by a ...
and http://www.huffingtonpost.com/2014/04/08/palm-oil-procter-gamble_n_5112715.html?utm_hp_ref=green
Read: http://www.orkla.com/content/download/81608/16345118/file/Orkla%20Policy%20for%20sustainable%20palm%20oil.pdf
General Mills ramps up palm oil pledge to consider deforestation; BakeryAndSnacks.com 25 March 2014; http://www.bakeryandsnacks.com/Manufacturers/General-Mills-ramps-up-palm-oil-pledge-to-consider-deforestation; The cereal and snack titan said that while it was a, “relatively minor user of palm oil”, it remained committed to sourcing 100% of its palm oil responsibly and sustainably by 2015 - a pledge it first made in 2010. General Mills said it would continue ...
Colgate-Palmolive Latest Company to Jump on Deforestation-Free Palm Oil ...; Union of Concerned Scientists - Mar 24, 2014; http://www.ucsusa.org/news/commentary/colgate-palmolive-deforestation-free-palm-oil-0405.html; BERKELEY, Calif. (March 24, 2014) - Just days after General Mills committed to sourcing deforestation-free palm oil, Colgate-Palmolive today released its palm oil sourcing policy. According to the Union of Concerned Scientists (UCS), major companies ...
Procter & Gamble think they can ignore deforestation - here's how we turn up the pressure; Greenpeace UK (blog); The companies you buy palm oil from are cutting down huge areas of rainforest - Greenpeace has photographic evidence from palm oil companies; http://www.greenpeace.org.uk/blog/forests/procter-gamble-think-they-can-ignore-deforestation-heres-how-we-turn-pressure-20140318
Procter & Gamble bows to pressure on palm oil deforestation; The Guardian, 9 April 2014; http://www.theguardian.com/environment/2014/apr/09/procter-gamble-bows-to-pressure-on-palm-oil-deforestation; Procter & Gamble has bowed to pressure from environmentalists and revealed a new, extensive no-deforestation policy in the production of its products, including demanding fully traceable palm oil from suppliers. In the wake of severe criticism by a ...
and http://www.huffingtonpost.com/2014/04/08/palm-oil-procter-gamble_n_5112715.html?utm_hp_ref=green
Friday, March 28, 2014
Market views and news (updated)
China Soybean, Rubber Importers Renege on Deals By Huileng Tan March 27, 2014, Wall Street Journal; http://online.wsj.com/news/articles/SB10001424052702304688104579464772427185240?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304688104579464772427185240.html;
Chinese importers of soybeans and rubber are backing out of deals, adding to a wide range of evidence showing rising financial stress in the world's second-biggest economy.
...............
Moody's sees crude palm oil prices to average US$700 to US$800 per tonne this ...; The Malaysian Insider - Mar 24, 2014; http://www.themalaysianinsider.com/business/article/moodys-sees-crude-palm-oil-prices-to-average-us700-to-us800-per-tonne-this; Crude palm oil prices are expected to hover around US$700 range thanks to food-based usage and demand for biodiesel. - The Malaysian Insider pic, March 24, 2014Moody's Investors Service expects crude palm oil (CPO) prices to average between ...
Mistry Bullish on Palm Oil as El Nino Threatens to Parch Trees; Businessweek By Ranjeetha Pakiam March 21, 2014 ; http://www.businessweek.com/news/2014-03-21/mistry-bullish-on-palm-oil-as-el-nino-threatens-to-parch-trees; Palm oil may extend its advance in April to the highest level since 2012 after dry weather in ... The southwest monsoon in India is likely to be impacted....
CPO Exports Seen to Rise 10% to $22 Billion in 2014;Jakarta Globe By Investor Daily on 01:25 pm Mar 19, 2014; http://www.thejakartaglobe.com/business/cpo-exports-seen-rise-10-22-billion-2014/ ;
Jakarta. The Indonesian Palm Oil Association (GAPKI) predicts that 2014 exports of crude palm oil are set to reach $22 billion, up 10 percent from last ...
Palm Production in Indonesia Rising for First Time in 6 Months; Jakarta Globe By Yoga Rusmana on 09:17 am Mar 21, 2014; http://www.thejakartaglobe.com/business/palm-production-indonesia-rising-first-time-6-months/; The percentage change for exports is derived from the February figure from the Indonesian Palm Oil Association, known as Gapki. Comparisons for ...
Consumers Pinched as Palm Oil, Soybean Prices Rise; Wall Street Journal By Isabella Steger, Debi Nayak and Huileng Tan March 14, 2014 5:26 a.m. ET; http://online.wsj.com/news/articles/SB10001424052702304914904579438610824940936?mg=reno64-wsj ; Palm oil in China is now more expensive than soy oil, the most commonly used cooking oil, which is an unusual development, said Jane Peng, ...
Agriculture Prices Hold Up Despite China Jitters; Wall Street Journal (blog); http://blogs.wsj.com/economics/2014/03/19/auto-draft-17/; Fears over China's slowing growth so far in 2014 have hurt prices for ... Dry weather in Brazil and Southeast Asia has hurt supply of palm oil, as has ...
Crude palm oil may rise to RM3,177, says Oil World; The Star Online - Mar 4, 2014; http://www.thestar.com.my/Business/Business-News/2014/03/05/Crude-palm-oil-may-rise-to-RM3177-says-Oil-World/; KUALA LUMPUR: Riding on the current rally in crude palm oil (CPO) prices, CPO could average at the RM3,177 level a tonne this year, 14% higher than 2013's average.
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Energy
US expands gas exports in bid to punish Putin for Crimea; theguardian.com, Tuesday 25 March 2014; http://www.theguardian.com/environment/2014/mar/25/us-expands-gas-exports-in-bid-to-punish-putin-for-crimea; One of the most advanced U.S. LNG export projects, Cameron LNG--a project in which GDF SUEZ holds an ownership share--has received conditional non-Free Trade Agreement approval from the U.S. Department of Energy. Senate energy committee told exporting natural gas would end Russia’s 'energy blackmail'
Chinese importers of soybeans and rubber are backing out of deals, adding to a wide range of evidence showing rising financial stress in the world's second-biggest economy.
...............
Moody's sees crude palm oil prices to average US$700 to US$800 per tonne this ...; The Malaysian Insider - Mar 24, 2014; http://www.themalaysianinsider.com/business/article/moodys-sees-crude-palm-oil-prices-to-average-us700-to-us800-per-tonne-this; Crude palm oil prices are expected to hover around US$700 range thanks to food-based usage and demand for biodiesel. - The Malaysian Insider pic, March 24, 2014Moody's Investors Service expects crude palm oil (CPO) prices to average between ...
Mistry Bullish on Palm Oil as El Nino Threatens to Parch Trees; Businessweek By Ranjeetha Pakiam March 21, 2014 ; http://www.businessweek.com/news/2014-03-21/mistry-bullish-on-palm-oil-as-el-nino-threatens-to-parch-trees; Palm oil may extend its advance in April to the highest level since 2012 after dry weather in ... The southwest monsoon in India is likely to be impacted....
CPO Exports Seen to Rise 10% to $22 Billion in 2014;Jakarta Globe By Investor Daily on 01:25 pm Mar 19, 2014; http://www.thejakartaglobe.com/business/cpo-exports-seen-rise-10-22-billion-2014/ ;
Jakarta. The Indonesian Palm Oil Association (GAPKI) predicts that 2014 exports of crude palm oil are set to reach $22 billion, up 10 percent from last ...
Palm Production in Indonesia Rising for First Time in 6 Months; Jakarta Globe By Yoga Rusmana on 09:17 am Mar 21, 2014; http://www.thejakartaglobe.com/business/palm-production-indonesia-rising-first-time-6-months/; The percentage change for exports is derived from the February figure from the Indonesian Palm Oil Association, known as Gapki. Comparisons for ...
Consumers Pinched as Palm Oil, Soybean Prices Rise; Wall Street Journal By Isabella Steger, Debi Nayak and Huileng Tan March 14, 2014 5:26 a.m. ET; http://online.wsj.com/news/articles/SB10001424052702304914904579438610824940936?mg=reno64-wsj ; Palm oil in China is now more expensive than soy oil, the most commonly used cooking oil, which is an unusual development, said Jane Peng, ...
Agriculture Prices Hold Up Despite China Jitters; Wall Street Journal (blog); http://blogs.wsj.com/economics/2014/03/19/auto-draft-17/; Fears over China's slowing growth so far in 2014 have hurt prices for ... Dry weather in Brazil and Southeast Asia has hurt supply of palm oil, as has ...
Crude palm oil may rise to RM3,177, says Oil World; The Star Online - Mar 4, 2014; http://www.thestar.com.my/Business/Business-News/2014/03/05/Crude-palm-oil-may-rise-to-RM3177-says-Oil-World/; KUALA LUMPUR: Riding on the current rally in crude palm oil (CPO) prices, CPO could average at the RM3,177 level a tonne this year, 14% higher than 2013's average.
............
Energy
US expands gas exports in bid to punish Putin for Crimea; theguardian.com, Tuesday 25 March 2014; http://www.theguardian.com/environment/2014/mar/25/us-expands-gas-exports-in-bid-to-punish-putin-for-crimea; One of the most advanced U.S. LNG export projects, Cameron LNG--a project in which GDF SUEZ holds an ownership share--has received conditional non-Free Trade Agreement approval from the U.S. Department of Energy. Senate energy committee told exporting natural gas would end Russia’s 'energy blackmail'
Tuesday, March 25, 2014
Key Asia voices for sustainability
Sustainability in the Malaysian palm oil industry – M.R. Chandran; The Malaysian Insider - Mar 4, 2014; http://www.themalaysianinsider.com/sideviews/article/sustainability-in-the-malaysian-palm-oil-industry-m.r.-chandran; Without question, the issue of sustainability in palm oil production is the greatest challenge of the coming decades. More than two billion people will be joining the human race by 2050, at which time 70% to 80% of the population will be living in ...
Plantation sector - company news updates
Bumitama issues RM500mil sukuk, The Star Online, 21 March 2014; http://www.thestar.com.my/Business/Business-News/2014/03/21/Bumitama-issues-sukuk/;
Bumitama Agri Ltd has successfully priced and issued its inaugural RM500mil five-year sukuk issuance under its maiden sukuk ...
CBIP secures RM46m oil mill project in PNG; The Star Online Updated: Monday March 17, 2014 MYT 6:34:54 PM ; http://www.thestar.com.my/Business/Business-News/2014/03/17/CBIP-secures-RM46m-oil-mill-project-in-PNG/; KUALA LUMPUR: CB Industrial Product Holding Bhd has secured a RM46.01mil contract to build a palm oil mill in Papua New Guinea. It said on ...It said on Monday its unit Modipalm Engineering Sdn. Bhd has received the cotract from from Gilford Ltd, a subsidiary of Rimbunan Hijau (PNG) Group.
CIMB Research sees potential earnings boost from FGV M&A plans; The Star Online Published: Wednesday March 19, 2014 MYT 8:45:00 AM; http://www.thestar.com.my/Business/Investing/2014/03/19/CIMB-Research-sees-potential-earnings-boost-from-FGV-plans/ ; KUALA LUMPUR: CIMB Equities Research continues to advise investors to hang on to their Felda Global Ventures (FGV) shares and ride on the ...
EPF takes contrarian route cutting stakes in plantations in bullish times; The Star Online 17 March 2014; http://www.thestar.com.my/Business/Business-News/2014/03/17/EPF-takes-different-route-It-cuts-stakes-in-plantation-players-in-bullish-times/ ; The fund was also a seller in another big planter, Kuala Lumpur-Kepong Bhd, as it reduced its shares in the Ipoh-based company from 15.8% to ...
Bumitama Agri Ltd has successfully priced and issued its inaugural RM500mil five-year sukuk issuance under its maiden sukuk ...
CBIP secures RM46m oil mill project in PNG; The Star Online Updated: Monday March 17, 2014 MYT 6:34:54 PM ; http://www.thestar.com.my/Business/Business-News/2014/03/17/CBIP-secures-RM46m-oil-mill-project-in-PNG/; KUALA LUMPUR: CB Industrial Product Holding Bhd has secured a RM46.01mil contract to build a palm oil mill in Papua New Guinea. It said on ...It said on Monday its unit Modipalm Engineering Sdn. Bhd has received the cotract from from Gilford Ltd, a subsidiary of Rimbunan Hijau (PNG) Group.
CIMB Research sees potential earnings boost from FGV M&A plans; The Star Online Published: Wednesday March 19, 2014 MYT 8:45:00 AM; http://www.thestar.com.my/Business/Investing/2014/03/19/CIMB-Research-sees-potential-earnings-boost-from-FGV-plans/ ; KUALA LUMPUR: CIMB Equities Research continues to advise investors to hang on to their Felda Global Ventures (FGV) shares and ride on the ...
EPF takes contrarian route cutting stakes in plantations in bullish times; The Star Online 17 March 2014; http://www.thestar.com.my/Business/Business-News/2014/03/17/EPF-takes-different-route-It-cuts-stakes-in-plantation-players-in-bullish-times/ ; The fund was also a seller in another big planter, Kuala Lumpur-Kepong Bhd, as it reduced its shares in the Ipoh-based company from 15.8% to ...
Sunday, March 16, 2014
Big plantations
EPO Retracts Arson Claims, Echo Cooperate Responsibilities; AllAfrica.com; Liberia: EPO Retracts Arson Claims, Echo Cooperate Responsibilities. By Alpha ... Following reports of fire outbreaks on the Equatorial Palm Oil (EPO) ...
Sarawak plans to sell CPO in Middle East; The Star Online; Our main buyers now are China, India, Pakistan and Bangladesh,” he told StarBiz. Masing said he had discussed with the Sarawak Oil Palm Planter ...
Felda Global explores asset injection to unlock value of logistics arm; The Star Online; KUALA LUMPUR: Malaysia's largest plantation company, Felda Global Ventures Holdings Bhd (FGV), is exploring options to unlock the value of its ...
The Malay Mail Online; FGV Plans To Expand Into Rubber Business In Cambodia Soon; Bernama; YANGON, March 9 (Bernama) -- After successfully venturing into Myanmar, Felda Global Ventures Holdings Bhd (FGV) plans to expand its footprint in ...
FGVB Delivers First 48 MT PME To Kuantan Fuel Terminal; Bernama; KUALA LUMPUR, March 13 (Bernama) -- Felda Global Ventures Biotechnologies Sdn Bhd (FGVB) has delivered its first 48 metric tonnes (MT) of palm ...
eco-business.com; Palm oil row erupts in Sumatra, leaving one dead; eco-business.com; This puts Singapore-listed Wilmar in a bad light, since the firm has only just implemented its 'no deforestation, no peat, no exploitation' policy last ...
The Hindu; How oil palm could kill orangutans; The Hindu; In December last year, agribusiness heavyweight, Wilmar, also agreed to an equivalent policy. Adani Wilmar, a joint venture of the Adani Group with ...
The Hindu; How oil palm could kill orangutans; The Hindu; In December last year, agribusiness heavyweight, Wilmar, also agreed to an equivalent policy. Adani Wilmar, a joint venture of the Adani Group with ...
Market views
Wall Street Journal (blog); Palm Oil, Rubber on Different Paths; The outlook for palm oil demand this year is positive. Indonesia, the world's largest producer, is poised to knock off India as the world's top consumer of ...
CPO prices jumps to 17-month high on prolonged dry spell; The Star Online
... Corp up one sen to RM4.79, Felda Global up one sen to RM4.63 but PPB Group was down 10 sen to RM16.56 and KL Kepong four sen to RM23.86.
On palm oil certification & ngo campaigns
Progressive palm oil group opens door to companies, NGO's adopting zero deforestation policies; Mongabay.com; The Palm Oil Innovation Group (POIG), an alliance formed last year, has ... Palm Oil — and four non-profits: WWF, Rainforest Action Network (RAN), ...
San Francisco Chronicle; Greenpeace Targets P&G Over Its Role in Ongoing Palm Oil Controversy; brandchannel.com; Palm oil, common in detergents, shampoos, cosmetics and a myriad of ... India and China, together consuming one-third of global palm oil imports, are ...
Free Malaysia Today; Oil palm refiner Wilmar caves in to political pressure
Free Malaysia Today; The biggest importers of Malaysian palm oil are China, India, Pakistan, the ... Last month Sarawak Oil Palm Plantation Owners Association (Soppoa) ...
FoodNavigator.com; Mars commits to palm oil deforestation policy; FoodNavigator.com; The company also announced that it had joined The Forest Trust (TFT) to help in its aim to prevent deforestation. Since 2010, the company has bought ...
GreenBiz.com (blog); How Golden Agri could help make half of all palm oil sustainable; GreenBiz.com (blog); Late in February Golden Agri Resources (GAR) which produces an estimated five per cent of the world's palm oil, made a significant announcement in ...
Standard for sustainability; The Star Online; According to MPOB Deputy Director-General (Research & Development) Dr Ahmad Kushairi Din, the MSPO will be transparent for the benefits of ...
Greenpeace - global force with deep pockets; Cincinnati.com; By using zip lines to hang banners protesting the use of palm oil on the sides of P&G's iconic twin towers Downtown, Greenpeace International ...
Photos: Greenpeace stages protest in rainforest destroyed for palm oil; Mongabay.com; On Monday, Greenpeace activists in Indonesia staged a dramatic protest in an area of rainforest freshly cleared for a new oil palm plantation in Central ...
Got Science? Momentum Building for Deforestation-Free Palm Oil; Huffington Post; Two of the world's largest palm oil suppliers -- Wilmar and Golden ... regions such as Malaysia, Indonesia, as well as parts of Africa and Latin America. http://m.huffpost.com/us/entry/4943164
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