Demand for CSPO grows faster than supply for first time
For the first time demand for Certified Sustainable Palm Oil (CSPO) has grown faster than supply, driven by a 64.7% leap in the sales of physical CSPO, according to new figures from the Roundtable on Sustainable Palm Oil (RSPO).
Sales of physical CSPO, reported in the eTrace system through Identity Preserved (IP), Segregated (SG) and Mass Balance (MB) supply chains, have grown by an unprecedented 64.7% during the first two quarters of this year compared to the same period last year, reaching 1,117,042 metric tonnes. Meanwhile, sales of GreenPalm Certificates have grown by 37.9%, reaching 1,361,396 MT.??
RSPO Secretary General Darrel Webber commented: “This is good news for certified growers who will now get more return on investment for their sustainable practices. The key to making the whole palm oil industry sustainable is to share responsibility between palm oil producer and consumer markets.”??
Total CSPO sales, including both physical CSPO and GreenPalm Certificates, have grown by 48.8%, reaching record 2,478,438 metric tonnes. ??This is the first time that CSPO sales have grown faster than supply, which increased by 29% over the first two quarters of 2014 compared with the same period last year.
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