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roundtable heralds advent of sustainable palm oil
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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. palm oil is used in a range of personal care products and soap, as well as in many food products including crisps, bread and margarine. however the palm oil industry has been heavily criticised, since production is contributing to rapid deforestation, especially in indonesia, and endangering native species. the rspo, an international multi-stakeholder organisation set up five years ago, has spent the past year and a half developing its certification system, which will have its first airing at the 5 th roundtable meeting november 20 - 22 in malaysia. this means that sustainable palm oil will soon be available on the market, giving cosmetics and food manufacturers a choice on whether to adhere to sustainability principles in their sourcing of the ingredient. the body shop, one of the round table's 250-odd members, announced in july that it has entered into a partnership with columbian palm oil supplier daboon, which sources oil only from organic, sustainable cooperatives. it plans to use sustainable palm all in all of the 14.5m bars of soap it produces each year. the l'oreal-owned company claimed this was a cosmetics industry first. "our ambition is for the majority of the world's palm oil production to be sustainable within the next two to three years but this will not be achieved by the body shop in isolation - our decision must inspire other businesses to join us and tackle the problem head on," said ceo peter saunders. the development of certification will certainly give the movement a push, boosting credibility and, as a consequence, encourage more manufacturers to follow suit. rspo has also recently released the second draft of its principles and criteria, and advancing these will be a major theme of the november meeting. sustainability is increasingly communicated by ingredients firms as a driver to their operations, at a time when depletion of the world's resources is already causing indeed, as has been seen with other commodities, the cost of palm oil has soared this year. this year malaysian palm oil prices have sourced to in excess of 2600 malaysian ringgits per ton (€537, $756), compared to 1500 ringgits per ton (€310, $437) in september 2006. the high has been attributed to rampant demand by food and biofuels processors, and in april the industry warned that the country's stocks were at a 19-month low. indonesia, meanwhile, which has been heavily criticised by greenpeace for having the fastest rate of deforestation, is this year expecting a record palm oil crop of 17.4m tonnes. no details on the comparative price of palm oil certified as sustainable by the rspo are presently available.
Source :Food Ingredients Food Science - Additives, Flavours, Starch
Date :
20
September
2007
Category :
Rest
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crude palm oil production is up 4.4 per cent from october in malaysia, according to the malaysian palm oil board, but this has not led to a fall in prices amid the current volatility of the crude and soya oil markets. the total output of crude palm oil (cpo) totalled 1.65m tonnes in november, compared to 1.58m tonnes in october. meanwhile, cpo stocks shot up 25 per cent to 976,589 tonnes as the amount of imports far exceeded the quantity at exports, with exports decreasing by 7.
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major food companies are contributing to increased carbon emissions through the destruction of indonesia's peat swamp forests to produce palm oil, claims a report released today. unilever, nestle, cargill and adm, as well as some leading supermarkets, are all significant users of indonesian palm oil, alleges the greenpeace report. every year, 1.
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a new process for producing palm oil seeds which researchers claim has the potential to triple crop yield and address both sustainability and supply issues is expected to become commercially available within 10 years. sumatra bioscience has announced that it has developed the first process to produce f1 oil palm hybrid seeds. the term f1 refers to the first-generation offspring of two closely related plants.
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political decisions encouraging biofuel production from palm oil is causing deforestation in indonesia and not the low tonnage sourced by kit kat maker nestlé, according to the chairman of the swiss based food company. in reply to a question from a greenpeace representative about deforestation at nestlé’s annual general meeting in lausanne, the food group’s chairman peter brabeck-letmathe claimed that it is not nestlé’s 320,000 tonnes of palm oil that brought about deforestation in asia but a political decision to use food as a source for biofuels.
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browse > home / world news / unilever drops palm oil supplier over “deforestation” claims unilever drops palm oil supplier over “deforestation” claims december 14, 2009 just-food a greenpeace report claiming that a major supplier of palm oil to unilever is engaged in illegal deforestation has prompted the company to suspend all future purchases from the company.
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more research is urgently needed on the biodiversity impact of palm oil production, says a new report, as food and other consumer goods manufacturers make sustainable sourcing a priority. palm oil, a major source of vegetable oils and fat, is derived from the tropical crop oil palm, which is cultivated in lowland areas of south america, africa and asia. the two biggest producers are malaysia and indonesia.
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asian palm oil company is planning a flotation on aim this month, according to reports, in a bid to cash in on the increasing international demand for the edible oil. the company, owned by dennis melka, former head of csfb in malaysia and plantation director graeme brown, will make the initial public offering of £45m (€61m) on the london stock exchange's international market for smaller companies.
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according to nbpol, this single acquisition increases the company\'s established plantation area by nearly 50%, and is comprised of estates close to the company\'s current center of operations.nbpol revealed, on february 24, 2010, about the planned acquisition of ctp png for a consideration of $175m payable in cash, plus an additional consideration in relation to stocks and capital expenditure.the palm oil producer said that completion of the ctp png acquisition was contingent upon entering into a $200m 12-month facility with standard chartered bank and australia and new zealand banking group, and approval by ordinary resolution of the company\'s shareholders.
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unlever has halted all purchases of palm oil from indonesian company pt smart after a greenpeace report alleged that its parent group sinar mas is engaged in widespread illegal deforestation and peatland clearance in indonesia. according to the pressure group’s report, illegal forest clearance and rspo (round table on sustainable palm oil) greenwash: case studies of sinar mas, the company is “…engaging in practices which release vast amounts of carbon dioxide into the atmosphere and help indonesia win the title of the world’s third largest greenhouse gas emitter, after china and the us.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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