Tag: palm oil

Displacing communities key factor in African land disputes

Displacing communities key factor in African land disputes

February 16, 2017 |

In Senegal, 63% of disputes related to private sector land and natural resource investments in Africa began when communities were forced to leave their lands, according to new research released by TMP Systems and the Rights and Resources Initiative. In West Africa, plantation agriculture—especially palm oil projects—drive a majority of disputes. Community displacement was the […]

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Indonesian palm oil biodiesel exports fall to 25.7 million tons in 2016

Indonesian palm oil biodiesel exports fall to 25.7 million tons in 2016

January 10, 2017 |

In Indonesia, palm oil biodiesel exports fell by half a million metric tons in 2016 from the previous year to 25.7 million tons, down from 26.2 million tons in 2015. Ongoing drought conditions impacted production, lowering the available supply for exports. Duties levied on palm oil exports finance subsidies to oil marketing companies to ensure […]

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ISCC-certified PME premium doubled in 2016 due to fewer certified supply chains

ISCC-certified PME premium doubled in 2016 due to fewer certified supply chains

December 29, 2016 |

In Southeast Asia, premiums for ISCC-certified palm oil-based biodiesel increased to between $15 and $30 per metric ton in 2016, up from the typical $5-$15/ton premium due to several major plantation discontinuing their ISCC-certified supply chains along with lower production resulting from negative El Niño impacts. Exports to Europe fell significantly as lower diesel demand […]

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Drought cuts Malaysian palm oil production 6% in November

Drought cuts Malaysian palm oil production 6% in November

December 15, 2016 |

In Malaysia, drought continues to impact oil palm trees, negatively impacting production and helping to boost prices this year in the biggest intra-year jump seen in six years. Palm oil production fell more than 6% in November to 1.57 million metric tons, more than the 3% estimate a Bloomberg survey of expects came up with. […]

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Rise in vegetable oil prices continues: Report

Rise in vegetable oil prices continues: Report

November 27, 2016 |

In Germany, UFOP reports that a decline in palm oil production and sharp increase in soybean processing have sent vegetable oil prices climbing. Buoyant demand and surging crude oil prices are additional factors driving the development. The German trade group advised: “Vegetable oil prices went up substantially over the past six months. The price spread […]

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RFS 2017 announcement boosts soy and palm oil prices around the world

RFS 2017 announcement boosts soy and palm oil prices around the world

November 24, 2016 |

In Washington, the larger-than-expected biodiesel blending made under the Renewable Fuel Standard in 2017 announced on Wednesday provided additional support to vegetable oil futures that were already higher due to a minor uptick in petroleum prices. Soyoil futures jumped nearly 7% in Chicago on the news, helping to boost Malaysian palm oil prices to a […]

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Indonesia expects to collect 14% more levy funds in 2017 as exports increase

Indonesia expects to collect 14% more levy funds in 2017 as exports increase

October 19, 2016 |

In Indonesia, the Indonesia Estate Crop Fund that collects export levies on palm oil to then offset the cost of higher blends of more expensive biodiesel expects fund collection to rise 14% in 2017 as up to 10% more exports are anticipated. Production has begun to recover following negative El Niño impacts on oil palm, […]

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Weather boosts Indonesian palm oil production but soaring exports cut into stocks

Weather boosts Indonesian palm oil production but soaring exports cut into stocks

October 10, 2016 |

In Indonesia, improved weather has positively impacted palm oil production, boosting figures by 7% from to 2.98 million tons in August. Exports soared, however, thanks to increased demand from the European Union, China and the US with 2.23 million tons heading to foreign markets, 29% higher than the previous month. Prices have increased to near […]

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Malaysian palm oil stocks fall in line with higher CPO exports

Malaysian palm oil stocks fall in line with higher CPO exports

September 13, 2016 |

In Malaysia, palm oil stocks fell 17.29% to 1.46 million metric tons in August while crude oil palm stocks specifically fell more than 25% to 757,405 tons. While stocks fell, overall production of crude palm oil rose more than 7% to 1.70 million tons while palm kernel production rose nearly 10% on the month to […]

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New report damns South Korean company for deforesting Indonesia to make way for palm oil

New report damns South Korean company for deforesting Indonesia to make way for palm oil

September 1, 2016 |

In Indonesia, a report commissioned by Mighty, the Korea Federation for Environmental Movements, SKP-KAMe Merauke and PUSAKA, Rainforest Foundation Norway and Transport & Environment, undertaken by Aidenvironment, reveals new satellite, photographic, and video evidence of massive deforestation and illegal burning of pristine rainforest by the Korean-Indonesian corporation Korindo, to support establishment of its palm oil plantations on […]

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