Tag: palm oil

Palm oil beat down vegetable oil prices

Palm oil beat down vegetable oil prices

December 8, 2017 |

In Germany, UFOP reports that palm oil prices weakened considerably over the past few weeks, pulling down vegetable oil prices as well. Pressure came from prices in Kuala Lumpur, where palm oil was recently traded at the lowest level since August 2016. Falling exports, sluggish demand, rising production and storage quantities, and also recent import […]

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Malaysia says European vote to ban palm oil biodiesel will set back trade relations

Malaysia says European vote to ban palm oil biodiesel will set back trade relations

November 30, 2017 |

In Malaysia, the plantation and commodities minister criticized the European Parliament’s industry and energy committee’s support for a ban on palm oil-based biofuels as proposed by the environment committee as a step backwards for EU-Malaysian trade relations. The country sees the votes as a protectionist barrier because European oilseed-based biodiesel would still be allowed, though […]

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Indonesian researchers develop Borneo Atlas to map palm oil production

Indonesian researchers develop Borneo Atlas to map palm oil production

November 27, 2017 |

In Indonesia, researchers from the Center for International Forestry Research have developed the Borneo Atlas, mapping the location and ownership of 467 palm-oil mills on Borneo, in an effort to help buyers ensure palm oil purchased doesn’t negatively impact forests. So far, 90% of the island’s palm oil production has been mapped. The map is […]

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EU’s single palm oil certification seen stricter than RSPO Next

EU’s single palm oil certification seen stricter than RSPO Next

November 13, 2017 |

In Malaysia, an advisor to the Roundtable on Sustainable Palm Oil says he expects the European Union’s single certification scheme for palm oil to be much stricter than the RSPO Next put out last year that tightens the requirements beyond the standard certification. He disagrees that governments should drive such certifications and should instead be […]

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Japan’s renewable energy push backfires as palm oil takes over

Japan’s renewable energy push backfires as palm oil takes over

November 13, 2017 |

In Japan, policy established in 2011 to help improve the environmental performance of energy in the aftermath of Fukushima has ended up promoting the use of palm oil rather than forestry residue and palm kernel shells as originally expected. The most recent government data shows palm oil currently accounts for 40% of feedstocks for bioenergy […]

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Malaysia’s Sabah state commits to follow EU lead on palm oil sustainability

Malaysia’s Sabah state commits to follow EU lead on palm oil sustainability

November 6, 2017 |

In Malaysia, on the back of pressure from the European Parliament regarding sustainability of palm oil for biofuels, the state of Sabah has made a commitment to have 100% of its palm oil certified by the Parliament’s proposed single palm oil certification scheme by 2025, rather than the Malaysia Sustainable Palm Oil  (MSPO) certification scheme, […]

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Indonesia and EU trade war over palm oil expands to milk powder

Indonesia and EU trade war over palm oil expands to milk powder

November 3, 2017 |

In Indonesia, the government is threatening to block milk powder imports from the European Union if the EU moves forward with its recent resolution to restrict imports of palm oil from Indonesia. Indonesia imports milk powder from EU countries, as well as Australia and the United States. “If they continue then I will do the […]

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Swiss researcher says palm oil bans could hit sustainable producers unfairly

Swiss researcher says palm oil bans could hit sustainable producers unfairly

October 17, 2017 |

In Switzerland, a researcher from ETH Zurich says the European Parliament’s proposed ban on palm oil for biofuel by 2020 and Norway’s plan to end its consumption by public bodies by the end of this year will have little impact on reducing deforestation because the policies ignore the complicated realities of palm oil production. He […]

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Indonesian palm oil proponents meet in Germany to get Europe on board

Indonesian palm oil proponents meet in Germany to get Europe on board

September 30, 2017 |

In Indonesia, delegates from Indonesian government and palm oil organizations pushed for more acceptance of palm oil from Switzerland and the EU in general at a recent event in Germany. Mahendra Siregar, Executive Director of the Council of Palm Oil Producing Countries, said in a written statement from the Embassy of the Republic of Indonesia, […]

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Malaysia and Indonesia desperately looking for new palm oil markets

Malaysia and Indonesia desperately looking for new palm oil markets

September 14, 2017 |

In Malaysia, palm oil producers are looking for new export markets as the European market continues to sour towards its oil and biodiesel, with eyes on Africa and closer to home in South Asia. Despite concerns of shifting sentiment, Europe’s Indonesian palm oil imports have risen 40% during the first half of 2017. Indonesia has […]

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