US agriculture giant Cargill aims to invest Rs50 crore (over US$91m) towards food processing across its Indian operation over the next two years. This figure also includes a US$73m corn milling unit, the head of its India operation has revealed.
The French Senate rejected its so-called ‘Nutella tax’ on Thursday, which aimed to quadruple the tax on palm oil, a key ingredient in the hazelnut-chocolate spread.
A French politician’s calls for a “Nutella tax” have been met with anger in Malaysia. Central to the terms of the proposal, which will be voted on in Paris this week, lies a 300% duty increase on palm oil imports to the country.
Greenpeace has published a scorecard rating palm oil producers’ sustainability efforts, in order to provide food and other consumer goods companies with better information about how their palm oil is produced.
Independent Thai smallholders have become the first in the world to be RSPO-certified in a move that will significantly add to the global quantity of sustainable palm oil available on the market.
A new report from Greenpeace has panned the Indian food processing industry, blaming its unending demand for palm oil as a key reason for the destruction of Indonesian rainforests.
A mature palm oil market and scarce land for expansion in Malaysia means Indonesia is set to underpin increased production due to its considerably younger profile, a Rabobank report suggests.
Indian food giant Hindustan Unilever (HUL) is driving wider industry take-up and certification of certified sustainable palm oil (CSPO) via Green Palm certification.
The Indian edible oil industry is banking on a slew of corrective measures in 2012 to revive its fortunes after the last year ended on a downhill thanks to changes in the Indonesian palm oil tax structure.
A Rabobank report released last week claims Indonesia will lead Southeast Asian growth over the next decade, based on global demand for key commodities and stable domestic needs.
India is engaging in rice diplomacy with Indonesia to whom it is willing to sell 500,000 tonnes of rice, but also wants the latter to cut its export tax on crude palm oil which is hurting Indian refineries.
Australia’s controversial palm oil labelling bill may not be passed into law following new recommendations by a committee of the Australian House of Representatives.
The palm oil labelling bill in Australia is entering its next phase, with the House of Representatives set to vote on whether it becomes law – and the current government saying it intends to oppose it.
The National Association of Smallholders, Malaysia (NASH), which represents 240,000 Malaysian small farmers, has in an open letter strongly protested the Australian palm oil bill.
An Australian bill requiring palm oil to be explicitly labelled has come in for harsh criticism from food industry representatives, after it was passed by the Senate last week.
Forest fragmentation driven by demand for palm oil is having a catastrophic effect the level of biodiversity, and may be endangering certain species, according to scientists from the Queen Mary University of London.
A new research project aims to optimise the production and quality of oil palm, helping to produce more sustainable crops, by using molecular genetics to boost crop breeding.
Greenpeace has welcomed a pledge towards forest conservation from palm oil supplier Golden Agri-Resources Limited (GAR) which is aimed at “creating long-term sustainable growth for GAR and the palm oil industry”.
China, India and the US must make firm commitments to sourcing sustainable palm oil if any meaningful progress is to be made on tackling deforestation, according to one UK government minister.
Political decisions encouraging biofuel production from palm oil is causing deforestation in Indonesia and not the low tonnage sourced by Kit Kat maker Nestlé, according to the chairman of the Swiss based food company.
The globe’s two biggest food firms, Nestlé and Kraft, have launched internal investigations after a Greenpeace report claimed both purchase palm oil from Indonesian company PT Smart whose parent group Sinar Mas allegedly engages in widespread illegal...
The world's biggest instant noodle maker, Indofood, said yesterday
that its 2005 net profit fell 68 per cent on the prior year to
IDR124 billion (€11.4m).
A UK lobby group is targeting the Malaysian and Indonesian palm oil
industries, claiming that intense farming of plantations is
threatening the orang-utan with extinction.
Loders Croklaan, part of the Malaysian IOI Group and a world leader
in the production of palm oil based products for food use, has
confirmed the intended purchase of Malaysian palm oil specialties
company Soctek in an attempt to extend...