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Palm oil price chartCommodity price chart (units): U.S. dollars per metric tonRecent price changes: Palm oil
Related news: Palm oil (05/23/2012) 100 percent of New Britain Palm Oil Limited's palm oil will be eco-certified, segregated, and fully traceable by the end of the year, reports the Roundtable on Sustainable Palm Oil (RSPO). KFC Australia stops using palm oil (05/23/2012) Kentucky Fried Chicken (KFC) has stopped using palm oil for fast food sold in its Australian outlets, reports ABC News. Indigenous group paid $0.65/ha for forest worth $5,000/ha in Indonesia (05/23/2012) A palm oil company has paid indigenous Moi landowners in Indonesian Papua a paltry $0.65 per hectare for land that will be worth $5,000 a hectare once cultivated, according to a new report by the Environmental Investigation Agency (EIA) and Indonesian NGO, Telepak. The report outlines similar disadvantageous deals in timber with the same companies breaking their promises of bringing education and infrastructure. Pictures: mama and baby orangutan saved from palm oil developers (05/19/2012) A mother orangutan and its baby were rescued from an area of forest that was being bulldozed for an oil palm plantation in Sumatra, reports the Orangutan Information Centre (OIC), which participated in the translocation of the red apes. Palm oil industry hires lobbying powerhouse to overturn EPA ruling on biofuels (05/18/2012) The palm oil industry has hired lobbying powerhouse Holland & Knight to help overturn the Environmental Protection Agency’s finding that palm oil-based biodiesel fails to meet greenhouse gas emissions targets under the country's Renewable Fuels Standard, reports The Hill. Regency head calls for stop to palm oil development in contested peat forest in Indonesia (05/11/2012) The acting head of Nagan Raya Regency — the location of Tripa peat swamp — on Thursday demanded a stop to a controversial palm oil development project that conservationists say threatens a population of endangered orangutans, reports Serambi Indonesia. New attack on Greenpeace in Indonesia (05/01/2012) As fallout from its campaign against Asia Pulp & Paper grows, Greenpeace's critics have opened a new front on the environmental group, accusing it of "embezzlement", reports Mongabay-Indonesia. Palm oil is a major driver of peatlands destruction in Indonesian Borneo, finds new study (04/27/2012) Developers in Indonesian Borneo are increasingly converting carbon-dense peatlands for oil palm plantations, driving deforestation and boosting greenhouse gas emissions, reports a new study published in Proceedings of the National Academy of Sciences. The research concludes that nearly all unprotected forests in Ketapang District in West Kalimantan will be gone by 2020 given current trends. Palm oil industry lobbies EPA to reverse palm oil biofuel findings (04/26/2012) Wilmar International, the world's largest palm oil processor and trader, has hired a major lobbying firm to overturn the Environmental Protection Agency's ruling that palm oil-based biodiesel will not meet greenhouse gas emissions standards under America's Renewable Fuels Standard, reports The Hill. In sustainability push, Unilever aims to build palm oil processing plant in Indonesia (04/25/2012) Unilever is in talks to build a $130 million palm oil processing mill in Indonesia as part of its commitment to use more environmentally-friendly palm oil in its products, reports The Wall Street Journal. The mill, which would be located in Sumatra, would produce about 10 percent of Unilever's annual consumption of palm oil, which is produced from fruit from the oil palm tree. Unilever is the world's largest single consumer of palm oil, using 1.36 million tons a year for beauty and food products, including Dove soap, Ben & Jerry's ice cream, and Vasoline. Picture: Orangutan rescued from peat forest endangered by palm oil, fires (04/18/2012) Conservationists today rescued an adult male orangutan from a pocket of forest in Tripa, an area of deep peat that is at the center of battle over Indonesia's commitment to reducing deforestation. Indonesia's Environment Ministry to probe destruction of protected peat forest for palm oil (04/17/2012) Indonesia's Environment Ministry will investigate a permit issued for an oil palm plantation in heart of Tripa peat forest on the island of Sumatra, reports The Jakarta Globe. The decision comes after the head of the country's REDD+ Task Force called for a probe into the concession, which spurred international outcry led by orangutan conservation groups and local environmental NGOs. Police hired by loggers in Papua New Guinea lock locals in shipping containers (04/16/2012) Locals protesting the destruction of their forest in Papua New Guinea for two palm oil plantations say police have been sent in for a second time to crack-down on their activities, even as a Commission of Inquiry (COI) investigates the legality of the concession. Traditional landowners in Pomio District on the island East New Britain say police bankrolled by Malaysian logging giant Rimbunan Hijau (RH) have terrorized the population, including locking people in shipping containers for three consecutive nights. The palm oil concessions belongs to a company known as Gilford Limited, which locals say is a front group for RH. Indonesia to investigate contested oil palm concession as governor loses election in Sumatra (04/12/2012) A high ranking Indonesian official is investigating the controversial grant of an oil palm concession within an area of protected peat forest in Aceh on the island of Sumatra, reports the Jakarta Globe. Green groups may call for boycott of Indonesian palm oil over forest destruction in Sumatra (04/11/2012) Environmental groups are escalating their battle over an area of peat forest in Tripa, Sumatra that has been granted for oil palm plantations. How a crippled rhino may save a species (04/09/2012) On December 18th, 2011, a female Sumatran rhino took a sudden plunge. Falling into a manmade pit trap, the rhino may have feared momentarily that her end had come, but vegetation cushioned her fall and the men that found her were keen on saving her, not killing her. Little did she know that conservationists had monitored her since 2006, and for her trappers this moment had been the culmination of years of planning and hope. A few days later she was being airlifted by helicopter to a new home. Puntung, as she has become called, was about to enter a new chapter in her life, one that hopefully will bring about a happy ending for her species. Certified palm oil profitable for companies, finds study (04/06/2012) A new study suggests shifting to certified palm oil production increases profitability despite higher production costs. Governor of Aceh who signed palm oil permit: plantation in Tripa "morally wrong" (04/05/2012) The former governor of Aceh, Irwandi Yusuf, told The Sydney Morning Herald today that an oil palm plantation he approved was "not wrong legally, but wrong morally." Irwandi, who is currently seeking re-election, signed off on the hugely controversial plantation in deep peat forest last August, but the issue came to a head this week as satellite images showed a dozen fires burning in the concession area known as Tripa. Environmental groups, which are running an online campaign, warn that the burning is imperiling an important population of Critically Endangered Sumatran orangutans (Pongo abelii). Featured video: the battle for Tripa is about people too (04/05/2012) Environmentalists have largely focused on the plight of orangutans as fires burn in Aceh, Sumatra to clear rainforest for a hugely controversial palm oil plantation, however as the video above highlights, local people will also feel the impacts of the destruction of forest for palm oil. 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