Despite the availability of 100% certified palm oil, WWF said most businesses in Malaysia and Singapore were still not sourcing it. A comparison of companies in Malaysia and Singapore against their international peers showed a significant gap in sustainable sourcing standards across South-East Asia. There was also a distinct lower level of transparency, number of RSPO memberships and sustainable palm oil commitments among these companies.
KUALA LUMPUR: Malaysian palm oil futures extended gains on Thursday evening, supported by strength in soyoil markets, favourable export numbers and end of year production concerns.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,813 ringgit ($664.62) a tonne.
