Given the negative image of palm oil products in a number of EU countries, the industry is cautiously awaiting the implications of this new law
The most recent response to consumer concerns in Europe is the new Food Information Regulation (No ) that came into force in , which requires explicit listing on the label of all types of vegetable oil used in food products. This is coming amid depressed soybean oil prices, prompting some users to shift to soybean oil and lowering palm oil demand. As a response, the Malaysian government has announced in its intention to expand palm oil exports to smaller markets, such as Iran, Kazakhstan, Turkey, and Turkmenistan to reduce dependence on its traditional ).
SUCCESS AND LIMITATIONS OF CERTIFICATION SCHEMES
Since 2004, the RSPO certified palm oil (CSPO) accounted for 8.2 million tones (15%) from a total of 150 million tonnes from global production (RSPO 2015a). Many retailers made voluntary, time-bound commitments to source 100% certified sustainable palm oil (CSPO) by 2015 (Economist 2010). Some have reached this target, whereas others are using GreenPalm certificates as an interim measure while they work toward sourcing CSPO (RSPO 2015b). GreenPalm is a certificate trading program that allows the holder to purchase certificates (but not the actual certified palm oil) from certified growers. The governments of Indonesia and Malaysia have introduced their own sustainability standards. Continue reading Consumer concerns and activist campaigns have led to a rethinking within the palm oil industry itself