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Tag Archives palm oil

News, Oilseeds

French Firms Pull The Plug On Palm Oil

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French firms have stepped up restrictions on the use of palm oil, decried for being linked to deforestation in Asia, in a move that may boost demand for local oils. But some warned it could raise new food and land problems. The debate about palm oil’s impact on the environment has intensified after green groups
Dairy cattle, News

Ethiopia Targets Land For Commercial Farms

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Ethiopia plans to offer three million hectares of land over the next two years for investors to develop large-scale commercial farms, a government official said Nov. 5. Countries in Asia and the Gulf – such as China, India and Saudi Arabia – have rushed to buy farmland abroad to grow crops for their own people
News

Indonesia Defends Converting Peatlands To Palm Estates

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“Some companies are interested in peatlands and we are working with those who want to safeguard the environment and ensure our country’s prosperity.” PALM PROTESTS: Protesters from Greenpeace, dressed as orangutans, demonstrating outside the Unilever building in London last year. Greenpeace said it wanted to raise awareness of companies who buy palm oil from companies
Cereals, Crops, Oilseeds

Signals Point To “Weak” El Niño Pattern

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“If we were to switch over to an El Nińo, one would expect an end of the drought in Argentina.” – ANNE FRICK Indications of an El Nińo weather pattern have stalled after building for several months, and that’s generally good news for grain crops in Australia and South Africa, experts said. But scientists expect
Cereals, Grain Markets, Oilseeds

Barley Outlook Poor Despite Small Crop

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For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed prices at ICE Futures Canada in Winnipeg closed the week ended Sept. 3 lower, with big declines in canola. Canola was undermined by weakness in the Chicago soy complex, the beginning of the harvest, favourable weather
News, Oilseeds

Renewed Food Inflation Risk As Funds Eye Edible Oils

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Less than two years after a surge in global food prices caused panic and riots around the world, investors are starting to return to vegetable oil markets and raising the spectre of renewed food price inflation. Billions of dollars change hands annually in the markets for palm, soybean and other vegetable oils, which are used
Grain Markets, Oilseeds

Soy Hits Six-Month High, Canola Doesn’t Follow

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For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at the ICE Canada futures market closed the week ended April 17 mixed with canola moderately higher in the face of sharp gains in the U. S. soy complex. Commercial demand lifted the market with
News, Oilseeds

Food/Fuel Debate May Come Off Back Burner

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“But it (biofuel) is still a very significant demand source for the feed grains and… it is likely to increase with the U. S. government looking to increase their ethanol-blending mandates” – DOUG WHITEHEAD, COMMODITY ANALYST The steep drop in energy prices from last year’s peaks has cooled the food-versus-fuel debate for the moment, but
News

La Nina seen gradually weakening in 2009

The La Nina weather anomaly will persist into the spring of 2009 but should gradually weaken during that period, the U. S. Climate Prediction Center said on Feb. 5. In a monthly update, the CPC said “a majority of the model forecasts… indicate a gradual weakening of La Nina through February-April 2009, with an eventual
News

Malaysia may scrap palm oil windfall tax

Malaysia may scrap a windfall tax on palm oil if the price rises further, the country’s Commodities Minister Peter Chin was quoted as saying Jan. 19 by state news agency Bernama. The Malaysian government in June imposed a windfall tax on crude palm oil sales of above 2,000 ringgit (US$559.3) per tonne, following a surge

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