The purpose of this Forest Sustainability Knowledge Hub is to share news, reports and other content on the latest developments to stakeholders in the forest risk commodity supply chain, to help stakeholders share, co-create, research and build capacity to enhance the application of sustainable palm oil certified products and other forest friendly certified products, and ultimately to promote the industry and reduce deforestation risks.
*This is a special issue in April 2022, with popular contents from monthly newsletter issues 07-09.
Indonesian Coordinating Economic Minister Airlangga Hartarto said at a recent press conference that funds from palm oil export duties will be used to regulate cooking oil prices. Palm oil, the world's most consumed cooking oil, has achieved price increases for three consecutive years. And the main reason for the spike in palm oil prices is a lack of market efficiency, but not a shortage of supply. The global food inflation is likely to continue as supply chains are affected by bad weather, the new crown epidemic and labor shortages.
Keywords: Palm oil, Inflation
Original title: Top Palm Oil Grower Indonesia Warns Inflation May Hit Prices | Bloomberg
Indonesia will make it mandatory for some palm oil to be sold domestically as of Jan. 27, said Indonesian Trade Minister Mohamed Lutfi. This domestic market obligation will apply to all cooking oil producers, who must sell 20 percent of their planned exports to the domestic market. This is intended to promote the price stability of cooking oil.
Keywords: Oil palm, Indonesia
Original title: 印尼强制要求棕榈油出口商必须在国内销售一定数量棕榈油 | 中国农业信息网
After COP26, deforestation has become one of the key regulatory targets of concern for the EU. A latest proposed regulation sets out mandatory due diligence rules for companies trading in the EU market with regard to commodities that are associated with deforestation and forest degradation, notably soy, beef, palm oil, wood, cocoa and coffee, and some derived products, such as leather, chocolate and furniture. Its purpose is to ensure that only deforestation-free and legal products are allowed to be traded on the EU market.
Keywords: Deforestation, Commodities
Original title: EU Due Diligence Update: Deforestation Enters Regulatory Crosshairs | CSRwire
Indonesia's Ministry of Trade has expanded its export license requirements, which previously only applied to some certain products such as crude palm oil, to all palm oil products including the derivatives. The Ministry of Trade said that as of February 15, exporters of all palm oil products will need to comply with domestic market obligations (DMOs) before they can obtain an export license.
McDonald's has announced that all packaging purchased for McDonald's European restaurants is made from wood fiber sourced from recycled sources or certified (e.g., PEFC certified) forests. This move is in line with McDonald's global vision to purchase all food and packaging in a sustainable way.
Italian confectionery producer, Ferrero Group, will publish a yearly Progress Report in 2022 to share its journey, including the challenges faced in achieving the commitments outlined in its Palm Oil Charter and related action plan. The move is part of its palm oil transparency commitment.
Keywords:Palm Oil, Transparency
Original title: Ferrero to publish yearly report on palm oil action plan | TheStar
Investment Banking Research Department of Malayan Banking released a report recently with a positive forecast for the oil palm plantation industry in Southeast Asia. In the report, Malayan Banking said that the average selling price of crude palm oil is expected to remain high due to the global tight supply of vegetable oil.
Nestlé published its 2021 Annual Report as well as its Creating Shared Value and Sustainability Report on Mar 8. The publications highlight how consumer-centric, fast-paced innovation, digitalization and a focus on sustainability contribute to long-term value creation.
Keywords: Nestlé, Sustainability report
Original title: Nestlé publishes its 2021 Annual Report alongside its Creating Shared Value and Sustainability Report | Nestlé
The Malaysian Palm Oil Council (MPOC) and LuLu International Group have reached an agreement to supply Malaysian palm oil-based products, including food, cosmetics, and pharmaceuticals, at Lulu Supermarkets in Dubai. Lulu Supermarkets will purchase products directly from Malaysian producers and sell them in selected stores.
EU vegetable oil and protein meal industry association (FEDIOL), EU trade association for cereals, rice, feedstuffs, oilseeds, olive oil, oils and fats (COCERAL), and EU feed manufacturers' federation (FEFAC) have launched a statement that although supporting the EU's bid to halt deforestation and allow only imports of deforestation-free products into Europe, there was no "one-size-fits-all" solution.
Keywords: The EU, Deforestation
Original title: EU grain and oilseeds sector raises concerns about bloc's deforestation-free proposal | Oil & Fats International
Recently, Copenhagen Business School, Preferred by Nature and the Danish Environmental Protection Agency legally released a study on sustainable certification of palm oil and the Sustainable Development Goals (SDG). The study aims to: provide information on RSPO-certified companies and brands to guide future consumption; encourage industry leaders to consistently prioritize RSPO-certified palm oil and take positive action towards innovation; assist governments in achieving their goal of ensuring the importation of 100% certified sustainable palm oil; and translate support for sustainable palm oil into the common language of SDG.
Keywords: Palm oil, SDG
Original title: 报告发布：可持续棕榈油与联合国可持续发展目标 | Preferred by Nature
