New sustainable palm oil rules win consensus amid RSPO credit price slump

Quick Summary:

The Roundtable on Sustainable Palm Oil’s updated standards aim to improve smallholder inclusion as EUDR kicks in.

But decline in credit prices – which growers heavily rely on to recoup certification costs – sparks fears of financial strain.

The British packaged goods company is one of the largest buyers of independent smallholder RSPO credits, but it is unclear whether it will continue to be incentivised to purchase credits with the imminent rollout of EUDR.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeIndonesiaThailand

Topics: Deforestation Livelihoods Supply chain European Union Deforestation Regulation Agriculture Palm oil Farming Agribusiness

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 05:25:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1291 words

Reading Time: 8 minutes read

Sentences: 40 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23730553

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #100

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