RSPO should not become ‘elitist certification’

At the recently concluded International Palm Oil Congress & Exhibition (PIPOC 2017) hosted by the Malaysian Palm Oil Board (MPOB) here, LMC International chairman James Fry pegged crude palm oil (CPO) at RM2,700 to RM2,800 per tonne, while United Plantations Bhd deputy chairman Datuk Carl Bek-Nielsen(filepic) projected CPO at RM2,400 to RM2,800 per tonne in 2018.

 KOTA KINABALU: The Roundtable on Sustainable Palm Oil (RSPO) members have been urged against pursuing the strictest environmental and social standards on oil palm smallholders, or risk becoming an elitist certification.

RSPO co-chairman Datuk Carl Bek-Nielsen said that in pursuing high standards, there was a serious risk of eliminating 60% to 70% of the world’s palm oil producers, who will never be able to live up to the RSPO’s standards.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

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!

Business , RSPO , Carl Bek-Nielsen , RSPO , palm oil , smallholders ,


Next In Business News

Nasdaq poised for higher open as Nvidia firms after selloff
Bursa Carbon Exchange completes inaugural renewable energy certificates auction
Ramssol acquires 51% stake in Geekstart for RM6.9mil
Magni-Tech 4Q earnings jumps 33.6%
Govt, business sectors need to collaborate to boost competitiveness
Ringgit ends higher versus US dollar, regional peers
IOI Properties get proposal for joint development of Shenton House in Singapore
UWC expands capacities amid semiconductor and EV projects
Keyfield invests RM172mil in two vessels
Gamuda raises annual dividend by 33% to 16 sen, signals bullish growth prospects

Others Also Read