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.
On June 18, as the first option contract open to the outside world in China, palm oil options were officially listed on the Dalian Commodity Exchange and simultaneously introduced overseas traders to participate in the transaction. In the past month after listing, the palm oil options market has been operating rationally and steadily, with active participation of domestic and foreign customers, and steady growth in open interest, demonstrating good market liquidity and development potential.
After Indonesia imposed heavy taxes on edible oil exports last year, Malaysia has surpassed Indonesia to become the largest exporter of crude palm oil to India, the largest consumer in 2020-2021.
Keywords: Malaysia, Indonesia, India, crude palm oil
Original title: Malaysia surpasses Indonesia to become India's top palm oil supplier | The Economic Times
Using the "RSPO Principles and Standards for Sustainable Palm Oil Production" 2018 edition as the measurement standard, all 15 concession integrated factories of Musim Mas in Indonesia have obtained 100% RSPO certification.
Keywords: Musim Mas, RSPO, certification
Original title: Musim Mas achieves 100% RSPO P&C Certification against the 2018 Standards | Musim Mas
On July 15, River & Ocean Cereals & Oils (Jiangsu) Ltd. and the well-known international grain merchant Louis Dreyfus Company jointly built a feed protein and by-products and vegetable oil processing project with an annual output of 960,000 tons. It marks a new stage of in-depth cooperation between Jianghai Grain and Oil and Louis Dreyfus, and promotes the realization of the company's grain and oil processing capacity and logistics transfer volume to a new level.
Keywords: River & Ocean Cereals & Oils (Jiangsu) Ltd., Louis Drefus, Grain and oil processing
Unilever's second quarterly report showed that due to accelerating cost inflation, its basic operating profit margin fell by 1 percentage point to 18.8% in the first half of this year. Specifically, the price of palm oil used in the production of the company's personal care products has increased by 70% compared to last year. In addition, the cost of soybean oil has increased by 80%, the cost of crude oil has increased by 60%, and the cost of shipping increased by 40%-50%. Currently, this consumer goods giant is considering increasing prices to offset cost pressures.
Due to rising prices of global agricultural products, lower-than-expected production, and optimism about demand, the trading prices of palm oil for various purposes such as edible oil, chocolate, and detergents are more than 40% higher than the five-year average. Growers believe that the time is ripe to snap up the assets of the plantation.
Keywords: Price of agricultural products, rising prices, plantation
Original Title: [亚洲]棕榈油价格上涨可能推动种植园交易狂潮 | 中国食品土畜进出口商会
CDP released the latest research report "Hidden Risks: Research on Investment and Financing of Chinese Financial Institutions in the Palm Oil Value Chain", which analyzed the capital flow from Chinese financial institutions to the 31 companies most vulnerable to deforestation risks in the palm oil supply chain.
The World Wide Fund for Nature (WWF) has launched an interactive website to introduce how deforestation (especially deforestation in tropical areas) and the resulting loss of nature can lead to the spread of zoonotic diseases. Learn more: From Forest To Market | Stories | WWF (worldwildlife.org)
Keywords: WWF, deforestation, the spread of epidemics
Original title: CPOPC:Newsroom Archive - SASPO - Support Asia for Sustainable Palm Oil
The Roundtable on Sustainable Palm Oil (RSPO) recently launched the RSPO Hotspot Hub (Hotspot Hub | RSPO-Roundtable on Sustainable Palm Oil), which is an online platform that uses advanced satellite technology to provide data detected by palm plantations in Malaysia and Indonesia. Near real-time information on hot spots and potential fires. By increasing transparency and accountability, the Hotspot Center has strengthened its fire prevention efforts, thereby reducing the risk of cross-border smog incidents.
Keywords: RSPO, Malaysia, Indonesia, palm oil plantation, fire prevention
Original title: RSPO ENABLES FASTER DETECTION AND PREVENTION OF POTENTIAL FIRES THROUGH HOTSPOT HUB | RSPO - Roundtable on Sustainable Palm Oil
About this newsletter: This newsletter has been prepared by SynTao as part of the CDP Sustainable Palm Oil Project. We would like to thank CDP for their active participation in the preparation of this publication.
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