Indonesia Strengthens Peatlands Moratorium This week, the Republic of Indonesia revised it peatland regulations targeting a permanent peatland moratorium. According to World Resources Institute, this revision to Government Regulation No. 71/2014, in effect, could equal an emissions reduction 5.5 to 7.8 gigatons carbon dioxide of Indonesia’s emissions by 2030. Contextually, 2015 U.S. emissions from the …
Meteorological data may demonstrate that environmental conditions such as seasonal water and sunlight deficits are hindering West African palm oil production yields, in comparison to SE Asian yields. Yield Deficits According to the International Finance Corporation, the U.N. Food and Agriculture Organization and Ghana Oil Palm Development Company Limited, commercial plantations in Ghana achieve yields …
Download Report Here (PDF) Summary Operational Risks: Hazards to investments can threaten the economic viability of projects when key risk management lessons are not applied in frontier markets. Stranded Assets Risk: Contested land bank reduces future growth and impacts investor value. Financial Risks: Failure to obtain free, prior, and informed consent (FPIC) from local communities …
The Cameroon Development Corporation (CDC) is seeking to increase its palm oil production 67% by 2020, from 270,000 metric tons to 450,000 metric tons. Current Cameroonian annual consumption is 385,000 metric tons. The Government of Cameroon has set price controls on palm oil and palm kernel oil estimated at €0.69 a kilo for industry sales. …
Nigerian Forex Limits Drive Palm Oil Returns Nigeria’s prohibition on importers using foreign exchange reserves to fund capital expenditures and trade finance may be a boon for local palm oil producers and refiners. This ban, in place since June 2015, prohibits official corporate foreign exchange reserves being used for 41 key consumer staples – including …
KLK Expanding Into Liberia Equatorial Palm Oil PLC (PAL:LN), the London Stock Exchange AIM listed palm oil development and production company announced September 6, 2016 that their joint venture Liberian Palm Developments has received a $30 million loan from KLK Agro Plantations (KLK Agro). KLK Agro Plantations (KLK Agro) and Equatorial Palm Oil each own …
Sampoerna Agro Fined $81 Million for 2014 Fires On August 15, the Government of Indonesia fined Sampoerna Agro $81 million for 2014 forest fires on 3,000 hectares on its concessions in Riau Province, Indonesia. The $81 million fine is slightly less than Sampoerna Agro’s revenue in the first six months of 2016. Currently, Indonesia is …
Moody’s maintains negative outlook on IOI while IOI’s Q2 2016 earnings negative Moody’s announced that it is reverting IOI Corporation’s (IOI:MK) credit outlook as “negative” following the lifting of its suspension by the Roundtable of Sustainable Palm Oil (RSPO). Moody’s issuer rating of IOI is still Baa2, the second lowest investment grade granted by Moody’s. …