Producers fault proposed palm oil importation under ETLS

NIGERIA - Stakeholders and members of the Plantation Owners Forum of Nigeria (POFON) have urged the Federal Government to dismiss the proposed application by OLAM to import some oil palm products under the West African Trade Liberalisation Scheme (ETLS). OLAM plans to import 95,000 metric tonnes (MT) of crude palm oil, 50,000 MT of Stearin…

Uganda farmers paid in Bidco project dispute

UGANDA – 36 farmers whose land was acquired for a controversial Bidco palm oil project in Uganda have been compensated, a payoff which follows mediation by the dispute resolution office of the World Bank’s International Finance Corporation (IFC). A Ugandan environmental lobby had last year filed the case at the IFC’s ombudsman on behalf of…

Nestle stops sourcing palm oil from REPSA, Guatemala

MEXICO – Nestle, the multinational food and beverage company, has stated that it has stopped buying palm oil from a Guatemalan company that has been accused by the country’s prosecutor of corruption. Guatemala’s prosecutor accused Reforestadora de Palmas del Peten S.A. (Repsa) of paying bribes to receive tax credits. Repsa also said in a statement…

Unilever’s Indonesian company signs MoU to support local mills and farms

SWITZERLAND - Unilever and Indonesian government-owned palm oil plantation company PT Perkebunan Nusantara (PTPN) have signed a Memorandum of Understanding (MoU) to work together in Indonesia to support local mills and smallholder farmers to produce palm oil. PTPN will provide Unilever access to its mills and its supplying farmer base as part of the signed…