II- Public issues cases Palm oil – The deforestation The oil palm is one of the seven elements that constitute the Nutella. Ferrero cannot stop its use of oil palm‚ it is essential in the recipe because this element gives it its creaminess and helps it to support the heat. However‚ oil palm is the most consumed oil in the world (far away from soya‚ sunflower‚ and rapeseed). This contributed to the deforestation in tropical
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Salahudin Yaacub Julia Malail Roundtable on Sustainable Palm Oil Bangsar Kuala Lumpur Malaysia October 4th 2011 Dear Salahudin and Julia‚ We write to inform you that we are members and inhabitants of the affected local communities including chiefs‚ elders‚ women and youth within the proposed Malaysian palm oil company‚ Sime Darby 220‚000 ha oil palm concession in Liberia. Specifically‚ we are local inhabitants of towns and villages which include a) Sije‚ b)Moore town‚ c) Kon town
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experiences falling CPO costs going into budgetary year 2015. Diminishing unrefined palm oil cost does not look good for Sime Darby Bhd going into its monetary year 2015 as a considerable piece of the aggregate’s net benefit originates from its degree oil palm ranches. A falling CPO cost would doubtlessly disturbs Sime Darby’s income and benefit however in the event that Sime Darby is fruitful in securing New Britain Palm Oil Ltd‚ this will climb its planted hectares by
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grand scheme of things‚ there are some people who are making grandiose profits off of the factors that contribute to the endangerment of these animals. Looking at this crisis from an economic point of view‚ especially in regards to the production of palm oil‚ some people are making a lot of money! This industry is clearly booming‚ which could be the main discrepancy in regards to helping to preserve and protect these precious
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Mahesh Edible Oil Industries Limited 2 MAHESH EDIBLE OIL INDUSTRIES LIMITED January 1‚ 2005‚ was a cold foggy morning in Agra. But there were warm smiles on the faces of the Rathour brothers and their employees. The glass panel of the entrance announced: CONGRATULATIONS YOUR COMPANY HAS JUST CROSSED Rs. 100 CRORE MARK Shiv‚ Brij‚ Dinesh and Mahesh‚ the four Rathour brothers‚ shared sweets with their employees. Shiv‚ the eldest brother‚ had a serious look. He looked out of the window. Thanking
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that refines Crude Palm Oil (CPO) into finished products. Oilene sourced its feedstock from mills‚ whereby its CPO stock is transported to the refining facility by Palm Haul Sdn Bhd (PHSB)‚ a transport company based in Perak. Since 2006‚ the transport service rendered by PHSB has been facing challenges whereby its portion of its CPO cargo is sold to illegal market by its truck drivers. To compensate the missing load‚ the weight is being replaced with sludge‚ water or used oil. This has contributed
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convinced that palm oil exports will surge as the Palm Oil Registration and Licensing Authority’s October data showed the combined value of palm oil and palm kernel oil exports nearly doubled to 46.7 per cent year-on-year. Standard Chartered Bank also expects commodities to continue to do much of the heavy lifting in terms of driving export growth as manufactured goods exports remain sluggish. Economist Tai Hui expects the positive commodity price effect to fade towards year-end. Crude palm oil (CPO) prices
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Every year an approximate 32 million acres of forest are destroyed which is equivalent to about 50‚000 square miles (Kremen 1). These forests that are being torn down provide communities and wildlife with resources such as food‚ water‚ medicine‚ and shelter as well as breathable air. At the rate that forests are being cut down we are not able to replant them due to lack of funding and space. Many of the lands that were once forests are now homes to factories that encourage more deforestation. Although
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constant at around 21 percent of Indonesia’s total land area. However‚ in the mid-1980s this number rose to almost 25 percent until the late 1990s. Starting from 1998 another upsurge (due to the establishment of large scale plantations - in particular palm oil) made this number reach the current level of 30 percent. Indonesia’s agriculture sector is forecast to continue growing‚ albeit at a lower pace compared to the industryand services sectors. 2010 2011 2012 2013 2014 Agricultural
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Australia. On 17 October 1910‚ European businessmen William Sime and Henry Darby established Sime‚ Darby & Co.‚ a fledgling player in the lucrative rubber industry in the state of Malacca in Malaysia. The company later diversified into cultivating palm oil and cocoa and met with enormous success. The company intensified its growth during the post-war era to gain a sizeable market presence through its expansion in the plantation industry. On 11 September 1978‚ Sime Darby Berhad was incorporated in
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