The Federal Land Development Authority and its listed 33.7% associate Felda Global Ventures Holdings Bhd has voluntarily withdrawn the RSPO certificates for its palm oil mills, saying the move was done in the best interest of its smallholders.
RSPO-certified palm oil is sold at a slight premium compared to uncertified products. Palm oil is the most widely used vegetable oil in the world and is found in an estimated 50% of supermarket products. Nestle, Unilever, ColgatePalmolive, Johnson & Johnson and Kellogg are among the major consumers of palm oil that source their supplies from RSPO-certified producers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
