Tag: oil palm

Indonesia’s president tells oil palm farmers to diversify towards higher value crops

Indonesia’s president tells oil palm farmers to diversify towards higher value crops

April 9, 2019 |

In Indonesia, the Jakarta Post newspaper reports that the president has told oil palm farmers to look at alternative crops such as durian due to the fruit’s better prospects in the market compared to palm oil. Currently the country produces around 46 million metric tons of palm oil annually, making Indonesia the largest producer in […]

Read More

Green Earth Institute aims to produce green chemicals from oil palm waste in Malaysia

Green Earth Institute aims to produce green chemicals from oil palm waste in Malaysia

February 19, 2019 |

In Japan, Green Earth Institute plans to start producing high value chemicals— alanine and valine—from oil palm waste using its technology in a Malaysian trial by 2022 with hopes of partnering with companies such as Sime Darby. Empty fruit bunches will be used but also palm trunks. GEI, started in 2011 with funds from the […]

Read More

Indonesian president vastly expands smallholder replanting scheme

Indonesian president vastly expands smallholder replanting scheme

May 14, 2018 |

In Indonesia, Reuters reports that the president is rolling out an extension of a new program started this year to help regenerate small oil palm plantations. The first phase of the project was for 20,000 ha but he is not calling for 185,000 ha of smallholder plantations to be rejuvenated. More than 5.6 million ha […]

Read More

Small Indonesian oil palm farmers union sues government for misuse of subsidies

Small Indonesian oil palm farmers union sues government for misuse of subsidies

April 25, 2018 |

In Indonesia, small oil palm farmers have had enough of the subsidy for oil majors to blend biodiesel with no knock on effects for them, so as a result the main oil palm farmers union SPKS said it is going to sue the government for failing to invest part of the more than $1 billion […]

Read More

Indonesian starting oil palm replanting program in Sumatra

Indonesian starting oil palm replanting program in Sumatra

November 28, 2017 |

In Indonesia, the government has begun the first phase of a replanting program the remove old, unproductive oil palm trees that are more than 25 years old in order to boost production. A total of 350,000 hectares in Sumatra need to be renewed, so the program will tackle the first 9,109.29 hectares in 12 districts. […]

Read More

Malaysian oil palm producer offers $175.1 million for 11,600ha in Sabah

Malaysian oil palm producer offers $175.1 million for 11,600ha in Sabah

August 22, 2017 |

In Malaysia, oil palm producer Boustead Plantations has made an offer to buy 11,600 ha in Sabah for $175.1 million from Pertama Land & Development that has been accepted. The company’s Q2 results improved thanks to higher fresh fruit bunch production as well as improved palm oil prices but it expects prices to fall back […]

Read More

Indonesia to begin paying subsidies from levy to support B15

Indonesia to begin paying subsidies from levy to support B15

September 8, 2015 |

In Indonesia, with more than $70 million collected to date, the Indonesian Oil Palm Estate Fund is preparing for its first disbursement of funds. Pertamina bought 10 million liters of biodiesel as of Aug. 31 to supply the B15 mandate, so the fund will pay it 18 cents per liter from the fund. The company […]

Read More

India to invest $1.53 billion to support farmers growing oil palm

India to invest $1.53 billion to support farmers growing oil palm

August 19, 2015 |

In India, the government has decided to invest $1.53 billion to help support farmers transition into oil palm production. Understanding that a long waiting period until the tree matures enough to produce oil seeds is a turn off for many small farmers, the funding will go towards paying those farmers to wait for the returns […]

Read More

Wilmar under fire for landgrabbing in Nigeria for oil palm

Wilmar under fire for landgrabbing in Nigeria for oil palm

May 28, 2015 |

In Nigeria, Wilmar is being accused of land grabbing as it embarks upon a 30,000 ha backward integration project to bring former oil palm plantations back into production. Local and international environment groups say the project has polluted local streams and water resources. The company says boosting production will help the country reduce its reliance […]

Read More

Thailand promoting massive growth in oil palm production at expense of rubber

Thailand promoting massive growth in oil palm production at expense of rubber

August 5, 2014 |

In Thailand, the government has boosted the price paid to farmers to cut down rubber trees following a 20% cut in global rubber prices and is encouraging them to instead plant oil palm trees to increase biodiesel production. The plan is to cut down 350,000 rubber trees per year, up from 250,000 trees originally, while […]

Read More