The palm oil industry is entering a new age of expectations around transparency in the supply chain. More and more investors today are pushing companies to deliver full traceability down to the plantation level.
Palm oil plantation companies are equipping and updating themselves with latest Open-source surveillance tools to map and track palm oil, helping them to keep to their pledge for better transparency and sustainable palm oil sourcing.
Could the push for more certified sustainable palm oil keep smallholders out of the supply chain?
Meanwhile palm oil prices looks to be gaining ground, buoyed by an overnight rally in soyoil markets and rise in crude oil price based on expectations that OPEC producers would maintain their group production target at current levels and resist pressure for an increase.
In February this year, Indonesia imposed export levies to fund biodiesel subsidies, replanting, research and development in the palm oil industry. How effective have these government subsidies been to boost Indonesia's biofuel industry and meet its target?
With the recent historic acquisition of NBPOL by Sime Darby, SDP (Sime Darby Plantations) main focus would be now on integrating the operations of both companies, It is known that NBPOL has a great track record on sustainability. So how will this merger, which bring SDP total land bank to almost one million hectares spread out over five countries – help strengthen the company’s sustainable initiatives?
Attend CMT's 7th Palm Oil Summit to hear on these issues and more from top experts in the industry.
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