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Companies coy over palm oil use
21 jun 2010 in Palm Oil NewsSome New Zealand food companies are being slippery about whether they use palm oil, according to a Green Party survey. Green Party MP Sue Kedgley wrote to 20 of New Zealand's largest food companies, asking them for a list of products they manufactured that contained palm oil. Chocolate-maker Cadbury…
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Palm Oil Prices May Weaken on Supply, Macquarie Says (Update1)
21 jun 2010 in Palm Oil NewsPalm oil prices may decline in the third quarter on increased supply of the tropical oil and its substitute, soybean oil, Macquarie Capital Securities (Malaysia) Sdn. analyst Sunaina Dhanuka said in an e-mailed report. Palm oil futures on the Malaysia Derivatives Exchange could average 2,450 ringgit…
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Food And Grocery Council Joins Roundtable On Sustainable Palm Oil
21 jun 2010 in Palm Oil NewsThe Food and Grocery Council is pleased to announce our membership of the Roundtable on Sustainable Palm Oil (RSPO), says Chief Executive, Katherine Rich. "FGC is proud to be the first grocery sector industry association in the world to join the RSPO. This demonstrates the commitment of local FGC members…
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Yudhoyono needs to walk the green talk
18 jun 2010 in Palm Oil NewsPresident Susilo Bambang Yudhoyono is known for his impassioned speeches in support of the environment at international forums. Indonesia's President has also made some heady promises, including a pledge last year to cut his country's carbon emissions by up to 40 per cent by 2020. His record at home,…
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Is IFC palm oil investment a foregone conclusion?
18 jun 2010 in Palm Oil NewsThe World Bank is currently undertaking a major review of its controversial engagement in palm oil production, but critics warn that consultation has been inadequate and that the Bank seems to have already decided to continue investing in the sector. Following a World Bank Group wide suspension of investment…
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