Trends Palm oil 1/3
Cash crop grows and grows
Demand for palm oil is increasing around the world – as is the amount of sustainable production. John Owen reports
The sustainable business community has been bombarded by codes of best practice or standards that are encouraged as voluntary entities with mixed success. But the huge efforts to improve the sustainability of palm oil by the Roundtable on Sustainable Palm Oil (RSPO) over the past four years is paying dividends. Last year, the growth in the production, sale and use of Certified Sustainable Palm Oil (CSPO) was unprecedented. According to the inaugural CSPO Growth Interpretation Narrative – the first of its kind for any sustainable commodity – the supply of CSPO grew by 250% between 2009 and 2011. And sales grew by more than six times during that period – from 343,857 metric tonnes in 2009 to 2.5 million in 2011.
The year-on-year supply of CSPO
in 2011 increased by 73%, reaching 4.8 million metric tonnes compared with 2.7 million the year before, while year-on-year sales volume increased by 94%. So, what is behind this upsurge in interest in sustainable palm oil? Well, central to it is the rising number of certified growers entering into the RSPO certification process. While in 2008, RSPO could count just 17 certified mills in two countries (Malaysia and Papua New Guinea), today there are 29 grower companies with 135 certified mills in six countries, including Brazil, Colombia, Indonesia and the Solomon Islands.
“The growth reflects the inclination of sustainability standards towards palm oil,” says Darrel Webber, the RSPO’s secretary general. “Around $21.5M worth of premiums has been paid to date
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