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Palm oil

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  • Wednesday, 27 September, 2023
    Malaysia to double palm oil exports to China in effort to dodge EU restrictions

    Asian nations sign infrastructure investment deals worth $4.2bn

    Workers load palm oil fruit bunches at a plantation in Kapar, Selangor, Malaysia
  • Wednesday, 5 May, 2021
    LexESG investing
    Palm oil/BlackRock: passive strategy is at odds with ESG stance Premium content

    Ingredient’s omnipresence exposes avowedly ethical investors to charges of hypocrisy

    Oreo cookies
  • Tuesday, 11 February, 2020
    beyondbrics
    Britain could seal Asian trade deal by adopting a fresh attitude to palm oil 

    A proposed ban on the commodity for biofuel would lead to more deforestation

  • Tuesday, 5 November, 2019
    Agricultural commodities
    Indonesia’s biodiesel plan fires up ‘red hot’ palm oil prices

    Demand jumps for fuel made with the commodity as dry weather restrains output

    A worker collects palm fruit in north Sumatra, Indonesia. The governments of Indonesia and Malaysia are pushing ahead with policies raising palm-oil content in biodiesel despite concerns in the west over the commodity’s environmental impact
  • Monday, 19 August, 2019
    UK trade
    Malaysia levels palm oil demands over post-Brexit trade deal

    UK must relax EU enviromental policy on crop for agreement, says PM Mahathir

    TO GO WITH AFP STORY MALAYSIA-INDONESIA-COMMODITIES-PALMOIL-ENVIRONMENT, FOCUS BY ROMEN BOSE A picture taken on September 25, 2011 shows a worker loading palm oil fruits onto a lorry at a plantation in Bintulu Sarawak. Palm oil is a key ingredient in the soap we use and everday foods ranging from peanut butter to sweets but its cultivation is one of the biggest threats to the world's dwindling rainforests. AFP PHOTO / Mohd Rasfan (Photo by Mohd RASFAN / AFP) (Photo credit should read MOHD RASFAN/AFP/Getty Images)
  • Wednesday, 24 April, 2019
    scoutAsia Research
    Cartoon primate strikes fear among Malaysian palm producers Premium content

    Firms bet sustainable palm oil production can head off growing consumer backlash

  • Friday, 8 February, 2019
    Impact investing
    Sanders and Warren take fund groups to task over palm oil

    US senators write to chiefs of BlackRock, JPMorgan and Fidelity over deforestation concerns

    Elizabeth Warren and Bernie Sanders are among the senators to have signed the letter
  • Friday, 7 December, 2018
    LexEnvironment
    Palm oil/orangutans: swing producers Premium content

    Green consumers must embrace alternative oils like algae to save the great ape

    (FILES) This file photograph taken on September 8, 2013, shows an access road being constructed in a peatland forest being cleared for a palm oil plantation in Trumon subdistrict, Aceh province, on Indonesia's Sumatra island. - As Southeast Asia's largest economy grows rapidly, swathes of biodiverse forests across the archipelago of 17,000 islands have been cleared to make way for paper and palm oil plantations, as well as for mining and agriculture. The destruction has ravaged biodiversity, placing animals such as orangutans and Sumatran tigers in danger of extinction, while also leading to the release of vast amounts of climate change-causing carbon dioxide. Indonesia is the third biggest emitter of greenhouse gases, after China and the US. Avoiding global climate chaos will require a major transformation of society and the world economy that is "unprecedented in scale," the UN said October 8, 2018, in a landmark report that warns time is running out to avert disaster. (Photo by CHAIDEER MAHYUDDIN / AFP)CHAIDEER MAHYUDDIN/AFP/Getty Images
  • Tuesday, 13 November, 2018
    Michael Skapinker
    Iceland’s cute advert over-simplifies a complex problem

    Supermarket chain scored a social media hit when its spot was ‘banned’ from television

    Undated screengrab issued by Iceland of the Iceland Christmas advert which has been blocked by Clearcast, the body which approves or rejects adverts for broadcast, for being too political. PRESS ASSOCIATION Photo. Issue date: Friday November 9, 2018. The commercial, voiced by actress Emma Thompson and originally produced by Greenpeace, features a cartoon orangutan and highlights the plight of the rain forest. See PA story CONSUMER Iceland. Photo credit should read: Iceland/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
  • Sunday, 14 October, 2018
    Fund management
    Friends of the Earth accuses ethical index provider of ‘greenwashing’
    A worker carries a bunch of African oil palm fruit at the Empresa Reforestada de Palma de Peten SA (REPSA) plantation in Sayaxche, El Peten department, Guatemala, on Thursday, June 1, 2017. Global per capita consumption of palm oil has more than doubled since 2000 to 7.7 kilograms (17 pounds) in 2015, according to data from Gro Intelligence. Guatemala is the largest palm oil exporter in Latin America. Photographer: Victor J. Blue/Bloomberg
  • Monday, 8 October, 2018
    European companies
    Nestlé warns palm oil trade over rainforest destruction

    Group vows to blacklist suppliers that do not comply with responsible sourcing policy

    To match feature CLIMATE-LOGGING/...A view of burnt trees in a peatland area for palm oil plantations near Teluk Meranti village in Pelalawan, Indonesia's Riau province November 11, 2009. Home to about 10 percent of the world's rainforests, deforestation in Indonesia occurred at an average rate of 1.08 million hectares a year between 2000 and 2005, according to the Ministry of Forestry. To match feature CLIMATE-LOGGING/   REUTERS/Beawiharta (INDONESIA ENVIRONMENT SOCIETY BUSINESS)
  • Monday, 19 March, 2018
    Retail & Consumer industry
    Multinationals fail to name palm-oil producers

    Greenpeace surveyed 16 consumer goods companies about the origins of the raw material

    Workers inspect quality of the palm oil fruits at a factory in Sepang, outside Kuala Lumpur on November 20, 2014. Tropical forests continue to tumble at a rapid rate to make way for fast-expanding palm oil cultivation despite a decade-old industry drive to encourage sustainable cultivation, evironmental activists warned on November 20. AFP PHOTO / MOHD RASFAN (Photo credit should read MOHD RASFAN/AFP/Getty Images)
  • Thursday, 10 August, 2017
    Bank of England to stick with bank notes containing animal fats

    UK central bank rejects palm oil alternative despite online campaign

    LONDON, ENGLAND - SEPTEMBER 27: A photo illustration of the new British five pound note, featuring security features which include a see-through window and a foil Elizabeth Tower, on September 27, 2016 in London, England. The polymer note entered circulation on September 13 and the old five pound note will cease to be legal tender in May 2017. A new polymer £10 note, featuring Jane Austen, will enter circulation in summer 2017 and a polymer £20 note featuring JMW Turner will enter circulation by 2020. (Photo by Jim Dyson/Getty Images)
  • Wednesday, 9 August, 2017
    China slammed for delayed alert on palm oil spill

    A dozen Hong Kong beaches closed after lard-like clumps clog waterways

    A volunteer holds a large clump of washed up palm oil as he helps clean a beach on Hong Kong's outlying Lamma Island on August 8, 2017. Residents in Hong Kong desperately tried to clear the coastline of greasy lumps of palm oil August 8 as it continues to wash ashore after a huge spillage at sea. Their efforts came as the government said around 1,000 tonnes of the solidified oil had spilled from a cargo ship after a collision with another vessel near the Pearl River estuary in southern China on August 4. / AFP PHOTO / ANTHONY WALLACEANTHONY WALLACE/AFP/Getty Images
  • Tuesday, 18 July, 2017
    FT Confidential Research
    Challenges in Malaysia point to delayed election Premium content

    Palm oil problems, political boundaries and Najib’s ratings suggest no vote in 2017

  • Thursday, 1 June, 2017
    FT Confidential Research
    Sumatra: job insecurity weighs on consumption Premium content

    Consumers tighten belts as commodity downturn hits employment prospects

  • Friday, 28 April, 2017
    Retail & Consumer industry
    Malaysia’s IOI palm oil producer and trader pledges reforms

    Vow to tackle deforestation and labour abuses after pressure from consumer goods groups

    IOI says it will end the practice of deducting ‘recruitment fees’ from migrant workers’ salaries
  • Wednesday, 22 February, 2017
    Olam to pause Gabon forest clearance in victory for activists

    Palm oil producer’s year-long moratorium follows pressure from environmental groups

    A worker collects palm fruit at a plantation owned by a private company in Langkat of Indonesia's north Sumatra province...A worker collects palm fruit at a plantation owned by a private company in Langkat of Indonesia's north Sumatra province November 1, 2012. An expansion in the edible oil processing industry in top palm oil producer Indonesia is expected to boost its consumption to about 7.5 million tonnes next year, which may reduce the amount available for export, industry officials said on November 29, 2012. Picture taken November 1, 2012. REUTERS/Roni Bintang (INDONESIA - Tags: BUSINESS AGRICULTURE) - RTR3B0GM
  • Monday, 20 February, 2017
    HSBC tightens standards on lending to palm oil industry

    Bank to cut ties with companies linked to destruction of rainforests

    This picture taken on February 13, 2017 shows workers loading palm oil seeds at a plantation area in Kendawangan, West Kalimantan. Edible vegetable oil is a key ingredient in many everyday goods, from biscuits to shampoo and make-up, and growing demand has led to a boom in the palm oil industry in Indonesia, which is the world's top producer of the commodity. The palm oil industry has been repeatedly accused over the years of failing to protect workers' rights and tearing down protected rainforest to make way for plantations, prompting many companies to pledge greater efforts to improve working conditions and halt deforestation. / AFP PHOTO / Adek BERRYADEK BERRY/AFP/Getty Images
  • Tuesday, 17 January, 2017
    Impact investing
    Greenpeace challenges HSBC on financing for palm oil companies

    Claims bank funds groups alleged to be behind deforestation

    Workers separate  the different quality oil palm fruits , at Felda Global Ventures Holdings(FGVH),Palm Oil factory in Besout,Perak, Malaysia, on wednesday, July 4th, 2012. Photographer: Goh Seng Chong /Bloomberg *** Local caption***
  • Friday, 30 December, 2016
    Retail & Consumer industry
    Palm oil deal embroiled in Malaysian politics

    Expansion in Indonesia criticised over Najib links and environmental impact

    A truck carrying oil palm fruits passes through Felda Sahabat plantation in Lahad Datu in Malaysia's state of Sabah in Borneo...A truck carrying oil palm fruits passes through Felda Sahabat plantation in Lahad Datu in Malaysia's state of Sabah on Borneo island February 20, 2013. Malaysia's economy accelerated at an annual pace of 6.4 percent in the fourth quarter, beating expectations with the fastest growth since 2008 as domestic demand stayed robust ahead of elections that must be called by April. The economy grew 5.6 percent in 2012, the top of the central bank's target range, compared with 5.1 percent in 2011. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: AGRICULTURE BUSINESS COMMODITIES) - RTR3E0QY
  • Monday, 12 December, 2016
    Retail & Consumer industry
    Olam under fire over Africa deforestation

    Palm oil producer criticised for excessive land clearing and lack of transparency

    Forest elephants are photographed in Luang National Park in Gabon
  • Friday, 11 November, 2016
    Palm oil hits 4-year high after Trump victory

    Leading producer’s currency falls 2.4% since US election result

    Palm Oil Factory ...epa03272703 An Indonesian worker holds palm fruits at the state-run palm oil factory PT Perkebunan Nusantara VIII in Kertajaya, Lebak, Banten Province, Indonesia, 19 June 2012. Indonesia is the world's first producer of palm oil, with 25.4 million tons in 2011, followed by Malaysia with 18.7 million tons. The two countries account for 80 per cent of global output, and are followed by Thailand with 1.5 million tons. Annual worldwide production of palm oil was around 50.6 million tons last year, up by a record 4.7 million tons from 2010. This year's output is estimated to increase by 1.8 million tons. The global demand for pure sustainable oil is three million tons, or half of production, with customers paying a premium for certified produce. The rest is mixed in with other grades of palm oil. EPA/MAST IRHAM
  • Monday, 19 September, 2016
    Toxic haze in Southeast Asia killed 100,000, study says

    Health impact of 2015 smog from Indonesia forest fires revealed

    Student walks at street as they back to home earlier because haze in Jambi...Students walk along a street as they are released from school to return home earlier due to the haze in Jambi, Indonesia's Jambi province, September 29, 2015 in this picture taken by Antara Foto. Indonesia has sent nearly 21,000 personnel to fight forest fires raging in its northern islands, the disaster management agency said on Tuesday, but smoke cloaks much of the region with pollution readings in the "very unhealthy" region in neighboring Singapore. REUTERS/Antara Foto/Wahdi Setiawan ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. MANDATORY CREDIT. INDONESIA OUT. NO COMMERCIAL OR EDITORIAL SALES IN INDONESIA.
  • Thursday, 15 September, 2016
    Retail & Consumer industry
    Agri industry unite to tackle green concerns

    Leading agribusinesses come together in attempt to improve environmental record

    Palm Oil Factory ...epa03272703 An Indonesian worker holds palm fruits at the state-run palm oil factory PT Perkebunan Nusantara VIII in Kertajaya, Lebak, Banten Province, Indonesia, 19 June 2012. Indonesia is the world's first producer of palm oil, with 25.4 million tons in 2011, followed by Malaysia with 18.7 million tons. The two countries account for 80 per cent of global output, and are followed by Thailand with 1.5 million tons. Annual worldwide production of palm oil was around 50.6 million tons last year, up by a record 4.7 million tons from 2010. This year's output is estimated to increase by 1.8 million tons. The global demand for pure sustainable oil is three million tons, or half of production, with customers paying a premium for certified produce. The rest is mixed in with other grades of palm oil. EPA/MAST IRHAM
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