Crop products and commodities
Palm oil
Indonesia’s plantation lobby challenges environmental law
Palm oil and paper lobby groups have asked Indonesia’s highest court to strike down rules holding plantation firms strictly liable for fires that occur on their land. The groups have also asked the Constitutional Court to eliminate a regulation letting small farmers practice slash-and-burn techniques, the ...
Pressure builds on palm oil firm Goodhope after RSPO sanction
A month after the world’s largest sustainable palm oil association took action against one of its most prominent members, Goodhope Asia Holdings, over failures to comply with its standards on new planting, doubts remain over the future of their relationship. On Apr. 28, the Complaints ...
RSPO freezes palm oil company’s operations in Papua
The world’s biggest sustainable palm oil association has frozen the operations of one of its most prominent members on concessions in Indonesia because of failures to meet its standards on new planting. The Complaints Panel of the Roundtable on Sustainable Palm Oil issued a stop-work order ...
M’sia imports aid I'nesia palm oil sector
Malaysian buyers are ramping up imports of Indonesian palm oil as local supply battles to recover from the lingering impact of last year’s crop-damaging El Nino weather pattern. Traders said world No.2 producer Malaysia was set to boost imports of palm oil and related products ...
Palm oil prices set to drop
A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China. Tight supplies following a drought in ...
Palm oil recovers from four-month low
Malaysian palm oil futures recovered late on February 28, tracking stronger prices after hitting their lowest level in nearly four months earlier in the day. Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange ended the session 0.6 percent higher at 2,770 ...
What happens when the soy and palm oil boom ends?
Over the past thirty years demand and production of oils crops like oil palm and soybeans has boomed across the tropics thanks to rising incomes, macroeconomic changes and government policies, and substitution effects. This rapid expansion has in some places taken a heavy toll on ...
Deforestation-free commodities represent a major investment opportunity: report
It’s estimated that about 10 percent of global emissions comes from deforestation — meaning we could make considerable progress toward halting climate change simply by keeping what remains of the world’s forests standing. Agricultural commodities — especially beef, palm oil, soy, and pulp and paper ...
Indonesian government challenges another green group over freedom of information request
The Indonesian government is going to the Supreme Court over an NGO’s freedom of information request for detailed maps of land on which oil palm companies have been licensed to operate in Kalimantan, the country’s portion of Borneo island. Civil society groups have tried for ...
Indonesia’s rich list stacked with palm oil billionaires
Forbes’ annual catalog of the country’s wealthiest people reads like a who’s who of the palm oil industry tycoons and represents an example of wealth being unusually concentrated to a few oligarchs. Fourteen of the 32 Indonesian billionaires identified by Forbes magazine are palm oil tycoons, having accumulated ...
