palm oil

Retail Asia29/05/2018

Indonesia is preparing for a worst-case scenario should the European Parliament’s draft of a ban on the use of palm oil in biofuels get approved by the European Commission and European Council. In January, members of the European Parliament voted in favor to phase out the use of biofuels made from palm oil by 2021 to fulfill […]

Retail Asia24/05/2018

Boustead Plantations Bhd saw its net profit slump 82.2% to RM5.26 million for the first quarter ended March 31, 2018 compared with RM29.56 million in the previous corresponding period, dragged by lower prices of palm products. Revenue also fell 18.2% to RM154.6 million from RM189.02 million. Boustead Plantations has proposed to declare an interim dividend […]

Retail Asia09/03/2018

Malaysian palm oil futures declined today, as traders feared the prospect of cancelled shipments to India and after forecasts made at an industry conference in Kuala Lumpur. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.4% at RM2,443 per tonne by the close of trade. Trading volumes […]

Retail Asia20/02/2018

Consumer goods giant Unilever said on Friday (16/02) it had laid bare its entire palm oil supply chain, including all the suppliers and mills it sources from, to boost transparency in a rare industry move. Unilever said it was the first consumer goods company to publish such details, having disclosed the location of more than […]

Retail Asia19/02/2018

More engagements, consultations and follow-up actions are needed to remove the European Union’s (EU) threat to ban palm oil use in biofuels, said industry veteran Tan Sri Dr Yusof Basiron. The former Malaysian Palm Oil Council CEO said Malaysia’s stance was still not being heeded by the EU Parliament, despite various talks and engagements being […]

Retail Asia07/02/2018

Felcra Bhd is planning to forge collaborations with international companies for the purpose of exporting palm oil to countries in the Middle East and Africa, said its CEO, Datuk Zulkarnain Md Eusope. To increase the agency’s revenue, he said, it must not focus on specific countries only in exporting the commodity. “The Chinese government through […]

Retail Asia26/01/2018

Food and beverage giant PepsiCo has suspended procurement from a palm oil supplier over claims of labor abuses on its Indonesian plantations, a move hailed by campaigners on Wednesday (24/01). A 2016 probe by several campaign groups alleged there were child labor and worker exploitation, such as low wages and hazardous working conditions, on Indonesian […]

Retail Asia19/01/2017

Greenpeace International launched a new report on Tuesday, January 17, 2017, accusing British HSBC of supporting deforestation. The report stated that British HSBC provided financial services to palm oil companies that are causing rainforest destruction and human rights abuses in Indonesia. The report titled “Dirty Bankers: How HSBC is financing forest destruction for palm oil“, […]

Retail Asia15/12/2016

Indonesia saw the exports of its palm oil products, which include crude palm oil (CPO), biodiesel and oleochemical, increase by 34 percent month-on-month to 2.45 million tons in October, thanks to rising demand from major export destinations. In September, the world’s largest producer of palm oil shipped 1.89 million tons of products overseas. Indonesian Palm […]

Retail Asia22/11/2016

India’s palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi’s removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand. Traders in Malaysia, India’s largest palm oil supplier taking up half of its imports last […]

Tag: palm oil

Indonesia Considers Stopping Palm Oil Exports to the EU

Lower palm prices pull Malaysia Boustead Plantations’ Q1 profit down 82.2%

Palm oil prices in Kuala Lumpur drop to six-week low

Unilever Lays Bare Palm Oil Supply Chain in Rare Industry Move

Further steps needed to thwart EU’s move to ban palm oil in biofuels

Felcra Malaysia wants to export palm oil to Middle East, Africa

PepsiCo Cuts Ties With Indofood’s Palm Oil Unit Over Labor Abuse Claims

Greenpeace Claims HSBC Helped Financing Deforestation

Indonesia sees jump in October palm oil exports

Cash Crunch Chokes off India Palm Oil Imports From Indonesia & Malaysia