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News of palm oil producer
greenpalm defends palm oil certificate trading
leading palm oil supplier eyes africa for expansion plans
indonesia raises nov cpo, cocoa bean tax to 10 pct
unilever says palm oil deal edges it closer to 2015 pledge
olam eyes growth in sugar, palm oil assets
carrefour drops products from indonesia's app
indonesia's sinar mas
wilmar trumps bright food with australia csr sugar deal
indonesia palm expansion to halve with climate deal
new britain palm oil buys majority stake in ctp
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greenpalm defends palm oil certificate trading

... certificates, mass balance and fully segregated palm oil options are not mutually exclusive, but all serve to ensure flexibility in an extremely complex supply chain, claims greenpalm ... palm oil - a complex supply chain the organisation behind the rspo backed palm oil certificate scheme has restated the benefits of the programme in bringing sustainable palm oil to the market, in light of what it calls \"misleading\" claims about it from leading palm oil producer ... earlier this month, the supplier of the food, cosmetics and homecare product ingredient, new britain palm oil limited (nbpol), said a deal to increase the supply of sustainably certified segregated palm oil (cspo) into europe could herald the demise of the greenpalm certification system ... alan chaytor, executive director of nbpol, told this publication that many industry players “view green certificates with a great deal of suspicion as to what effect, if any, purchasing them has on making the palm oil industry sustainable ... ” but bob norman, general manger of greenpalm has retaliated, saying: “the nbpol comments were not in the spirit of the roundtable on sustainable palm oil (rspo) ... ” wide net and new britain, continued the greenpalm boss, only referred to the european market in its comments and did not take into account the fact that very little of global palm oil production is actually destined for european manufacturers’ use ... he told this publication that for users of palm or palm kernel derivatives, which are “not yet available from certified sustainable sources in sufficient quantities,” the greenpalm programme makes sense as it allows them to “contribute to sustainable production and make supporting claims more

 Source : foodnavigator.com   Date : 24 May 2011   Category : food industries Economic
leading palm oil supplier eyes africa for expansion plans

... leading palm oil producer sime darby, looking to meet the increased global demand for the key component of many baked goods, is reported to be involved in an expansion project in africa ... palm oil is the most commonly used vegetable oil worldwide, used in processed foods like biscuits margarine, and ice cream and as a flavouring agent and texturiser, and in cosmetics and personal care products like soap and lipstick ... and malaysian group sime, a member of the roundtable on sustainable palm oil (rspo), is considering plans for a 300,000 hectare plantation in cameroon as the industry rushes to develop palm oil production in africa in response to record high prices for the ingredient, reports the financial times ... as demand for palm oil has increased, so have concerns about its sustainability ... where palm oil plantation areas have expanded in producing countries this has been at the expense of tropical rainforests ... the indonesian government has implemented a hold on commercial development of forests and peat lands until january 2012 in a bid to conserve rainforest in the country, which accounts for half of global palm oil production ... meanwhile, higher prices in the second half of the year and a contribution from recent asian acquisition kula palm oil boosted revenue growth last year for new britain palm oil (nbpo) - a supplier of “traceable and certified sustainable palm oil more

 Source : foodnavigator.com   Date : 1 March 2011   Category : Rest
indonesia raises nov cpo, cocoa bean tax to 10 pct

... higher export tax would mean indonesia's palm oil products will be more expensive than rival malaysia, potentially slowing exports in november from the world's top palm oil producer ... the trade ministry did not give a reason for the increase but its cuts or raises in export tax are based on the movement of international crude palm oil prices ... malaysian benchmark january palm oil closed up at 3,071 ringgit ($986 ... more than half of indonesia's palm oil exports are in the form of crude palm oil (cpo), whereas rival malaysia ships out mostly higher-value refined products ... an industry ministry official said last week indonesia will "restructure" its export tax policy on crude palm oil, as the levy had not spurred more local processing into downstream products as intended ... the current export tax system, which aims at ensuring adequate domestic supply and reducing volatility in cooking oil prices, allows the government to impose tax rates from 1 more

 Source : flex-news-food.com   Date : 26 October 2010   Category : Codiments,Desserts,food additi
unilever says palm oil deal edges it closer to 2015 pledge

... unilever said its deal with leading supplier, unimills, for segregated certified sustainable palm oil represents a small start for the dutch food and personal care group but takes the company in the right direction in terms of its 2015 total palm oil usage sourcing pledge ... gavin neath, senior vice president of sustainability at unilever said the company was not willing to disclose the precise volumes of segregated palm oil that the food group was sourcing from unimills but he stressed that unilever was now ahead of its plan to derive all of its palm oil from rountable on sustainable palm oil (rspo) certified plantations within a five year timeframe ... he told this publication that this goal was achievable, particularly now as agricommodity giants cargill along with unimills and another leading supplier, ioi, have been landing segregated certified sustainable palm oil (cspo) in rotterdam ... neath said that a great percentage of the snack, margarine and soup mix manufacturer’s products contained the oil, but he would not be drawn on exact figures ... there are serious concerns about the effect of the palm oil industry on the environment, as intensive plantations have cleared habitats for endangered species like tigers and orangutans in south asia, while also adding to carbon emissions ... when asked by this publication if unilever had a strategy in place to reformulate its products to allow for a reduction in the amount of palm oil used by the company, neath stressed that the ingredient offered unmatched cost efficiencies compared to other vegetable oils and the food group was intent on continuing to use it ... “palm oil can be six to ten times more productive than sunflower oil, and if it is cultivated correctly it can be a sustainable crop ... the rspo was set up in 2004 to promote sustainable palm oil use – and changing to palm oil that is sustainable or supports green palm certification has become a major trend for food manufacturers and retailers more

 Source : foodanddrinkeurope.com   Date : 16 September 2010   Category : restaurants and Food industrie
olam eyes growth in sugar, palm oil assets

... he said olam, in which singapore state investor temasek holdings holds a stake of about 14 percent, plans to develop between 50,000 and 100,000 hectares of palm oil plantations in africa ... palm oil plans olam's plan to develop palm oil plantations in africa comes as indonesia, the world's largest palm oil producer, seeks to impose a moratorium on forest clearing, which might slow the aggressive expansion of plantation firms ... top palm oil companies in the region, including wilmar international, the world's largest palm oil firm, and golden agri, have said that they are also looking to expand the edible oil business to africa ... verghese said the venture into sugar and palm oil was likely to take place after 2011 more

 Source : flex-news-food.com   Date : 27 August 2010   Category : food industries Economic
carrefour drops products from indonesia's app

... several top palm oil buyers, including unilever and nestle, have said they will stop buying from sinar mas after earlier greenpeace accusations that sinar mas units, including app and palm oil producer pt smart tbk, cleared tropical rainforests and peatlands more

 Source : flex-news-food.com   Date : 7 July 2010   Category : restaurants and Food industrie
indonesia's sinar mas

... several top palm oil buyers, including unilever and nestle, have said they will stop buying from sinar mas after earlier greenpeace accusations that sinar mas units such as pulp and paper firm app and palm oil producer pt smart tbk cleared virgin rainforests and peatlands ... sinar mas' palm oil unit, pt smart tbk, issued a statement saying it was "committed not to plant oil palm trees on peatland, primary forests nor convert land with high conservation value" ... smart's president director, daud dharsono, urged its customers to await the results of an investigation into earlier greenpeace accusations, by the roundtable on sustainable palm oil (rspo) -- an industry body of planters, consumers and green groups -- which are expected in july ... greenpeace called on supermarket chains tesco, walmart and carrefour to stop buying app paper products and urged food firms campbell soup company, dunkin' donuts and pizza hut, as well as cosmetics firm shiseido, to stop buying sinar mas palm oil more

 Source : flex-news-food.com   Date : 6 July 2010   Category : restaurants and Food industrie
wilmar trumps bright food with australia csr sugar deal

... wilmar, the world's largest listed palm oil producer, was expected to use the acquisition as a springboard for further expansion into sugar more

 Source : flex-news-food.com   Date : 5 July 2010   Category : restaurants and Food industrie
indonesia palm expansion to halve with climate deal

... following a financing deal signed with norway last week, the southeast asian country plans to revoke existing forestry licenses held by palm oil and timber firms to save its vast rainforests and peat lands that are seen as a carbon sink ... 1 palm oil producer from achieving its 40 million output target by 2020 ... "that target would be achievable if oil palm estates expanded at a rate of 200,000-300,000 hectares a year but not with this ... we will need to boost productivity," derom bangun, vice-chairman of the indonesian palm oil board (ipob) told reuters in an interview ... industry and government data show that palm oil acreage in indonesia now hovers around 7 ... palm oil production is expected to grow 8 ... 6 million tonnes as more oil palms planted during the surge in acreage expansion come into maturity, bangun said ... unlike malaysia, oil palms are spread all over the archipelago so the effects of el nino are not so severe," he said ... rival malaysia, the second largest palm oil producer, may well miss its 18 ... 1 million palm oil production target as el nino-driven drier weather hit key growing regions of sabah and sarawak on borneo island more

 Source : flex-news-food.com   Date : 1 June 2010   Category : Dried Foods
new britain palm oil buys majority stake in ctp

... the palm oil producer said that completion of the ctp png acquisition was contingent upon entering into a $200m 12-month facility with standard chartered bank and australia and new zealand banking group, and approval by ordinary resolution of the company's shareholders ... antonio monteiro de castro, chairman of new britain palm oil, said: "the board is delighted to have completed this transformational acquisition, which is strategically and geographically an excellent fit ... “nbpol will benefit from greatly increased production, economies of scale, operational efficiencies, and a larger potential source of fully segregated, palm oil, available direct from plantation to consumer more

 Source : food-business-review.com   Date : 30 April 2010   Category : restaurants and Food industrie
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