New figures released by the World Wildlife Fund (WFF) today reveal that only one per cent of sustainable palm oil has been bought, in spite of the Roundtable on Sustainable Palm Oil (RSPO) pledge to use sustainable product.
Oilseed analysts are predicting a squeeze on supply of Malaysian palm oil for months to come, as prices are pushed up by farmers’ inability to invest in inputs and poor extraction rates – while demand for fried and oily food is not abating.
The Roundtable on Sustainable Palm Oil (RSPO) says it is on the
cusp of delivering on its promise to put sustainable oil on the
market, and will be unveiling its certification system at its next
meeting in November.
German chemical player Cognis has completed an investment in Golden
Hope Plantations Berhad that will see the companies combine their
resources on oleochemicals, an ingredient that is proving
increasingly popular in a variety of personal...